Last $54.98 USD
Change Today -0.63 / -1.13%
Volume 120.7K
WTS On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

watts water technologies-a (WTS) Snapshot

Open
$55.48
Previous Close
$55.61
Day High
$55.80
Day Low
$54.97
52 Week High
09/4/14 - $65.84
52 Week Low
05/1/14 - $51.71
Market Cap
1.9B
Average Volume 10 Days
272.9K
EPS TTM
$2.25
Shares Outstanding
28.5M
EX-Date
02/26/15
P/E TM
24.4x
Dividend
$0.60
Dividend Yield
1.09%
Current Stock Chart for WATTS WATER TECHNOLOGIES-A (WTS)

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watts water technologies-a (WTS) Details

Watts Water Technologies, Inc. designs, manufactures, and sells water safety and flow control products in the Americas and Europe, Middle East and Africa, and Asia-Pacific. It offers residential and commercial flow control products, including backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves. The company also provides heating, ventilation, and air conditioning and gas products comprising hydronic and electric heating systems for under-floor radiant applications, commercial high-efficiency boilers, water heaters and heating solutions, custom heat and hot water solutions, hydronic pump groups for boiler manufacturers and alternative energy control packages, and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications. In addition, it offers drainage and water re-use products consisting of drainage products and engineered rain water harvesting solutions for commercial, industrial, marine and residential applications; and water quality products, such as point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems for both commercial and residential applications. The company sells its products to plumbing, heating, mechanical wholesale distributors, dealers, original equipment manufacturers, and do-it-yourself (DIY) chains, as well as to residential construction, home repair and remodeling industries through DIY plumbing retailers, national catalog distribution companies, hardware stores, building material outlets, retail home center chains, plumbing and heating wholesalers; and directly to wholesalers, and private label accounts. Watts Water Technologies, Inc. was founded in 1874 and is headquartered in North Andover, Massachusetts.

6,100 Employees
Last Reported Date: 02/26/15
Founded in 1874

watts water technologies-a (WTS) Top Compensated Officers

President of Asia Pacific
Total Annual Compensation: $333.0K
President of EMEA and Group Managing Director...
Total Annual Compensation: $319.3K
Executive Vice President of Human Resources, ...
Total Annual Compensation: $312.0K
Compensation as of Fiscal Year 2013.

watts water technologies-a (WTS) Key Developments

Watts Water Technologies, Inc. Provides Earnings Guidance for the Year 2015

Watts Water Technologies, Inc. provided earnings guidance for the year 2015. For the period, the company expects foreign exchange will negatively impact 2015 operating results. Current estimate is EPS will be impacted between $0.25 and $0.30, including both translation and estimated transaction cost. The company analysis assumes current market foreign exchange rates. It also assumes that those rates hold for the year. The company anticipates spending between $30 million and $35 million in capital in 2015, an increase over previous years, which includes a broad upgrade of existing equipment with a focus on improving productivity supporting strategy. Depreciation and amortization charges are expected to be between $55 million and $60 million. The company expects global tax rate for 2015 will be between 31% and 33%, similar to 2014.

Watts Water Seeks Acquisitions

Watts Water Technologies, Inc. (NYSE:WTS) is seeking acquisitions. "We'll continue to look at doing and deploying our capital in a disciplined way and look for acquisitions such as AERCO that has as high EBITDA margins, and that's what we're focused on." said Bob Pagano, President and Chief Executive Officer of Watts Water.

Watts Water Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter of 2014

Watts Water Technologies, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $376.5 million compared to $376.0 million a year ago. Operating income was $0.3 million compared to $17.1 million a year ago. Loss from continuing operations before income taxes of $5.9 million compared to income from continuing operations before income taxes of $11.3 million a year ago. Net loss from continuing operations was $7.7 million compared to net income from continuing operations of $8.2 million a year ago. Basic and diluted loss per share was $0.22 compared to basic and diluted earnings per share of $0.23 a year ago. Adjusted operating income was $34.9 million compared to $36.7 million a year ago. Adjusted net income from continuing operations was $20.5 million compared to $20.4 million a year ago. Adjusted diluted earnings per share were $0.58 compared to $0.57 a year ago. Net debt as of December 31, 2014 was $278.6 million. For the full year, the company reported net sales of $1,513.7 million compared to $1,473.5 million a year ago. Operating income was $105.4 million compared to $111.5 million a year ago. Income from continuing operations before income taxes of $83.1 million compared to income from continuing operations before income taxes of $87.8 million a year ago. Net income from continuing operations was $50.3 million compared to net income from continuing operations of $60.9 million a year ago. Basic and diluted earnings per share were $1.42 compared to $1.72 a year ago. Net cash provided by continuing operations was $135.2 million compared to $118.3 million a year ago. Additions to property, plant and equipment was $23.7 million compared to $27.7 million a year ago. Adjusted operating income was $153.0 million compared to $140.2 million a year ago. Adjusted net income from continuing operations was $88.8 million compared to $79.2 million a year ago. Adjusted diluted earnings per share were $2.51 compared to $2.22 a year ago. Free cash flow was $111.9 million compared to $92.1 million a year ago. The company reported impairment charges for the fourth quarter of 2014. For the quarter the company’s GAAP net loss in the fourth quarter of 2014 includes non-cash impairment charges of $13.4 million, including $12.9 million for goodwill impairment in Asia-Pacific and a $0.5 million write-down of intangible assets in the Americas as a result of this transformation program.

 

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Industry Analysis

WTS

Industry Average

Valuation WTS Industry Range
Price/Earnings 38.7x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 38.2x
TEV/Sales 0.7x
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