Jun 2026 (Q2 FY26) — Aug 6, 2026
Watts Water Technologies Q2 FY26 — Record Sales, Operating Income, and EPS Driven by Data Center Growth
Read the full callWatts Water Technologies (WTS) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Watts Water Technologies earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 763 | +18.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 20.2 | −0.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 118 | +17.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
35 of 35 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 FY26 adjusted EBITDA margin | 22.3% to 22.9% | Mar 2026 | Adjusted EBITDA totaled $177 million, an increase of 15% with an adjusted EBITDA margin of 23.1%, down 70 basis points year-over-year. | Achieved |
| Full-year adjusted EBITDA margin | 21.5% to 22.1% | Dec 2025 | We are raising our full year adjusted EBITDA margin outlook to a range of up 20 to up 80 basis points, which is a 60 basis point increase in the midpoint of our previous outlook. | Revised Up |
| France restructuring pretax run-rate savings | $3 million full pretax run-rate savings, fully realized in 2026 | Dec 2024 | Europe segment margin is now expected to increase 20 to 80 basis points based on strong price and productivity, which includes the expected benefits from our France restructuring program. | On Track |
17 of WATTS WATER TECHNOLOGIES INC's 52 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 49 more targets are in the full ledger.
Claimed
- Achieved record sales, operating income, and earnings per share in Q2 FY26.
- Organic sales rose 12% in the quarter, exceeding expectations.
- Adjusted operating margin of 21% was better than anticipated due to favorable price, volume leverage, and productivity.
- Data center sales more than tripled year-over-year in Q2, representing 8% of total sales in H1 FY26.
- Increased full-year sales and margin outlook, with organic sales growth now anticipated between 8% and 11%.
Qualified
- Adjusted operating margin decreased 60 basis points, primarily due to anticipated acquisition dilution and a difficult prior-year comparison.
- The Middle East conflict created some headwinds during the quarter.
- Residential and non-institutional new construction markets remain challenged, with single-family housing showing slight deterioration.
- Inflation measures and commodity prices are persistently higher compared to earlier this year.
- The outlook for interest rates has shifted, with no further rate reductions expected for the remainder of the year.
Price
$355.08 +0.85% · +$2.98
Performance +29.3% 1Y
1Y: $274.54 on 14 Oct 2025 → $355.08. High $392.23 (7 Aug 2026), low $263.55 (6 Nov 2025).
- Previous close
- $352.1
- 52-week range
- $263.55 – $392.23
- One year
- +27.83%
Overview
- Symbol
- WTS
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
35 of 35 judged targets kept · 17 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 FY26 adjusted EBITDA margin | 22.3% to 22.9% | Mar 2026 | Adjusted EBITDA totaled $177 million, an increase of 15% with an adjusted EBITDA margin of 23.1%, down 70 basis points year-over-year. | Achieved |
| Full-year adjusted EBITDA margin | 21.5% to 22.1% | Dec 2025 | We are raising our full year adjusted EBITDA margin outlook to a range of up 20 to up 80 basis points, which is a 60 basis point increase in the midpoint of our previous outlook. | Revised Up |
| France restructuring pretax run-rate savings | $3 million full pretax run-rate savings, fully realized in 2026 | Dec 2024 | Europe segment margin is now expected to increase 20 to 80 basis points based on strong price and productivity, which includes the expected benefits from our France restructuring program. | On Track |
Claimed
- Achieved record sales, operating income, and earnings per share in Q2 FY26.
- Organic sales rose 12% in the quarter, exceeding expectations.
- Adjusted operating margin of 21% was better than anticipated due to favorable price, volume leverage, and productivity.
- Data center sales more than tripled year-over-year in Q2, representing 8% of total sales in H1 FY26.
- Increased full-year sales and margin outlook, with organic sales growth now anticipated between 8% and 11%.
Qualified
- Adjusted operating margin decreased 60 basis points, primarily due to anticipated acquisition dilution and a difficult prior-year comparison.
- The Middle East conflict created some headwinds during the quarter.
- Residential and non-institutional new construction markets remain challenged, with single-family housing showing slight deterioration.
- Inflation measures and commodity prices are persistently higher compared to earlier this year.
- The outlook for interest rates has shifted, with no further rate reductions expected for the remainder of the year.
The full ledger
Open WATTS WATER TECHNOLOGIES INC’s full ledger
A free account opens 5 company ledgers a month. All 52 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 7, 2026
Watts Water Technologies, Inc. Q1 FY26 — Record Sales & Margins Driven by Data Center Growth; Full-Year Outlook Maintained Amid Uncertainty
Read the full callEvery analysed call
Watts Water Technologies earnings calls (WTS)
Financials
What the filings say
Net profit, year on year: +17% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 544 | 540 | 558 | 644 | 612 | 625 | 677 | 763 |
| Operating profit | 93 | 89 | 88 | 135 | 111 | 114 | 133 | 154 |
| Operating margin | 17.1% | 16.5% | 15.7% | 21.0% | 18.2% | 18.2% | 19.6% | 20.2% |
| Other income | -1 | 0 | -1 | -1 | -0 | -0 | -2 | -0 |
| Interest | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 2 |
| Profit before tax | 92 | 89 | 87 | 135 | 111 | 113 | 131 | 154 |
| Tax rate | 25.1% | 24.2% | 14.8% | 25.1% | 25.9% | 26.1% | 24.2% | 23.0% |
| Net profit | 69 | 68 | 74 | 101 | 82 | 84 | 100 | 118 |
| EPS ($ per share) | 2.07 | — | 2.21 | 3.01 | 2.45 | — | 2.97 | 3.53 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 441 | 514 | 560 | 666 | 795 | 979 | 1,185 | 1,431 |
| Total liabilities | 762 | 745 | 668 | 682 | 630 | 796 | 689 | 854 |
| Fixed assets | 202 | 200 | 212 | 201 | 197 | 248 | 255 | 297 |
| Total assets | 1,654 | 1,723 | 1,738 | 1,856 | 1,931 | 2,309 | 2,397 | 2,881 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 169 | 194 | 229 | 181 | 224 | 311 | 361 | 402 |
| Cash from investing | -36 | -72 | -55 | -31 | -23 | -343 | -125 | -303 |
| Cash from financing | -203 | -106 | -182 | -119 | -122 | 69 | -190 | -97 |
| Net cash flow | -76 | 16 | -1 | 23 | 69 | 39 | 37 | 19 |
| Capital expenditure | -36 | -29 | -44 | -27 | -28 | -30 | -35 | -46 |
| Free cash flow | 134 | 165 | 185 | 154 | 196 | 281 | 326 | 356 |
WTS revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Americas | — | — | 75% | 77% | 76% | 75% | 76% | 77% | +17.4% |
| Europe | — | — | 19% | 17% | 18% | 19% | 18% | 16% | +12.3% |
| Asia Pacific Middle East and Africa | — | — | 6% | 5% | 6% | 6% | 6% | 7% | +56.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- Americas 77% ↑ 3 pt
- Europe 16% ↓ 3 pt
- Asia Pacific Middle East and Africa 7%
As WTS cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
85 filings between Oct 30, 2025 and Sep 4, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$17.37M
23 sales by 7 insiders
13% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 26
- Award — granted as compensation
- 32
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 conversions, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| HORNE TIMOTHY P | — | $6.60M | Feb 20, 2026 |
| Pagano Robert J Jr | — | $5.26M | Feb 19, 2026 |
| Melhem Elie | — | $2.21M | Sep 4, 2026 |
| Lepage Kenneth Robert | — | $1.61M | Feb 17, 2026 |
| Noonan Joseph T | — | $1.29M | Sep 1, 2026 |
| Dubose Michael J. | — | $223.4K | May 28, 2026 |
| Halloran Virginia A | — | $167.5K | Dec 17, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 4, 2026 | Melhem Elie President- APAC, M. East, Afr. | Sale | 1,096 | $394.1K |
| Sep 1, 2026 | Noonan Joseph T Director | Sale | 1,266 | $448.9K |
| Sep 1, 2026 | Noonan Joseph T Director | Sale | 1,466 | $518.4K |
| Sep 1, 2026 | Noonan Joseph T Director | Sale | 918 | $323.7K |
| Aug 20, 2026 | Noonan Joseph T Director | Conversion | 3,650 | $0 |
| Aug 3, 2026 | Stefany Suzanne Director | Award | 456 | $0 |
| Aug 3, 2026 | Noonan Joseph T Director | Award | 456 | $0 |
| Aug 3, 2026 | Reitmeier Joseph William Director | Award | 456 | $0 |
| Aug 3, 2026 | Boll Rebecca Director | Award | 456 | $0 |
| Aug 3, 2026 | RAINES MERILEE Director | Award | 456 | $0 |
| Aug 3, 2026 | Dunbar David A. Director | Award | 456 | $0 |
| Aug 3, 2026 | Napolitano Kenneth Director | Award | 456 | $0 |
| Aug 3, 2026 | Dubose Michael J. Director | Award | 456 | $0 |
| May 28, 2026 | Dubose Michael J. Director | Sale | 398 | $123.2K |
| May 13, 2026 | Melhem Elie President- APAC, M. East, Afr. | Sale | 2,257 | $679.4K |
| Mar 19, 2026 | Melhem Elie President- APAC, M. East, Afr. | Sale 10b5-1 plan | 372 | $108.7K |
| Mar 18, 2026 | Melhem Elie President- APAC, M. East, Afr. | Sale 10b5-1 plan | 379 | $113.7K |
| Mar 17, 2026 | Melhem Elie President- APAC, M. East, Afr. | Sale 10b5-1 plan | 3,029 | $917.9K |
| Mar 16, 2026 | Pagano Robert J Jr President and CEO | Tax withheld | 2,061 | $613.8K |
| Mar 16, 2026 | Melhem Elie President- APAC, M. East, Afr. | Tax withheld 10b5-1 plan | 223 | $66.4K |
| Mar 16, 2026 | Barry Monica Chief HR Officer | Tax withheld | 167 | $49.7K |
| Mar 16, 2026 | McClintock Diane M Chief Financial Officer | Tax withheld | 363 | $108.1K |
| Mar 16, 2026 | Barry Monica Chief HR Officer | Tax withheld | 167 | $49.7K |
| Mar 16, 2026 | McClintock Diane M Chief Financial Officer | Tax withheld | 53 | $15.8K |
| Mar 16, 2026 | Lepage Kenneth Robert General Counsel | Tax withheld | 273 | $81.3K |
| Mar 16, 2026 | Melhem Elie President- APAC, M. East, Afr. | Tax withheld 10b5-1 plan | 219 | $65.2K |
| Mar 16, 2026 | Lepage Kenneth Robert General Counsel | Tax withheld | 861 | $256.4K |
| Mar 16, 2026 | Melhem Elie President- APAC, M. East, Afr. | Tax withheld 10b5-1 plan | 645 | $192.1K |
| Mar 16, 2026 | McClintock Diane M Chief Financial Officer | Tax withheld | 69 | $20.5K |
| Mar 16, 2026 | Lepage Kenneth Robert General Counsel | Tax withheld | 268 | $79.8K |
| Mar 16, 2026 | Halloran Virginia A Chief Accounting Officer | Tax withheld | 273 | $81.3K |
| Mar 16, 2026 | Halloran Virginia A Chief Accounting Officer | Tax withheld | 40 | $11.9K |
| Mar 16, 2026 | Halloran Virginia A Chief Accounting Officer | Tax withheld | 36 | $10.7K |
| Mar 16, 2026 | Dhawan Andre Chief Operating Officer | Tax withheld | 369 | $109.9K |
| Mar 16, 2026 | Pagano Robert J Jr President and CEO | Tax withheld | 2,151 | $640.6K |
| Mar 16, 2026 | Pagano Robert J Jr President and CEO | Tax withheld | 3,576 | $1.06M |
| Mar 16, 2026 | Dhawan Andre Chief Operating Officer | Tax withheld | 376 | $112.0K |
| Mar 13, 2026 | McClintock Diane M Chief Financial Officer | Award | 642 | $153.0K |
| Mar 13, 2026 | Pagano Robert J Jr President and CEO | Tax withheld | 1,857 | $553.0K |
| Mar 13, 2026 | Pagano Robert J Jr President and CEO | Award | 5,685 | $1.35M |
| Mar 13, 2026 | Melhem Elie President- APAC, M. East, Afr. | Tax withheld | 248 | $73.9K |
| Mar 13, 2026 | Melhem Elie President- APAC, M. East, Afr. | Award | 840 | $200.1K |
| Mar 13, 2026 | Melhem Elie President- APAC, M. East, Afr. | Award | 1,319 | $0 |
| Mar 13, 2026 | Lepage Kenneth Robert General Counsel | Tax withheld | 304 | $90.5K |
| Mar 13, 2026 | Halloran Virginia A Chief Accounting Officer | Tax withheld | 42 | $12.5K |
| Mar 13, 2026 | Pagano Robert J Jr President and CEO | Award | 12,511 | $0 |
| Mar 13, 2026 | Halloran Virginia A Chief Accounting Officer | Award | 250 | $59.6K |
| Mar 13, 2026 | Halloran Virginia A Chief Accounting Officer | Award | 251 | $0 |
| Mar 13, 2026 | Dhawan Andre Chief Operating Officer | Tax withheld | 106 | $31.6K |
| Mar 13, 2026 | Dhawan Andre Chief Operating Officer | Award | 1,856 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for WATTS WATER TECHNOLOGIES INC
Free account. Everything above stays public.
Write why you follow WATTS WATER TECHNOLOGIES INC and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading