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Watts Water Technologies is a provider of plumbing, heating, and water quality solutions for residential, industrial, municipal, and commercial settings. 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, air conditioning and gas products comprising boilers, water heaters, and heating solutions; hydronic and electric heating systems for under-floor radiant applications; custom heat and hot water solutions.

TypePublic
Founded1874
HQNorth Andover, MA, US
Websitewatts.com
Employee Ratings2.8

Latest Updates

Employees (est.) (Dec 2019)4,800
Job Openings227
Revenue (FY, 2020)$1.5 B(-5%)
Share Price (Sept 2021)$172.1(-1%)
Cybersecurity ratingCMore

Key People/Management at Watts Water Technologies

Shashank Patel

Shashank Patel

Chief Financial Officer
Timothy P. Horne

Timothy P. Horne

Retired CEO and Director Emeritus
Robert J. Pagano

Robert J. Pagano

Chief Executive Officer, President
Kenneth R. Lepage

Kenneth R. Lepage

General Counsel, Executive Vice President and Secretary
Elie Melhem

Elie Melhem

President, Asia-Pacific, the Middle East & Africa
Tim MacPhee

Tim MacPhee

Treasurer, Vice President Investor Relations
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Watts Water Technologies Office Locations

Watts Water Technologies has offices in North Andover, Shanghai and Eerbeek
North Andover, MA, US (HQ)
815 Chestnut St
Shanghai, CN
23rd Floor, Manpo International Plaza 500 West Yan'an Road
Eerbeek, NL
Kollergang 14
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Watts Water Technologies Financials and Metrics

Watts Water Technologies Revenue

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Watts Water Technologies's revenue was reported to be $1.51 b in FY, 2020
USD

Revenue (Q1, 2021)

413.3m

Gross profit (Q1, 2021)

173.7m

Gross profit margin (Q1, 2021), %

42%

Net income (Q1, 2021)

41.7m

EBIT (Q1, 2021)

59.6m

Market capitalization (14-Sept-2021)

5.8b

Closing stock price (14-Sept-2021)

172.1

Cash (28-Mar-2021)

225.4m

EV

5.8b
Watts Water Technologies's current market capitalization is $5.8 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.5b1.6b1.6b1.5b

Revenue growth, %

4%7%2%

Cost of goods sold

854.3m908.4m923.0m883.2m

Gross profit

602.4m656.5m677.5m625.4m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

280.2m204.1m219.7m218.9m

Accounts Receivable

216.1m205.5m219.8m197.6m

Prepaid Expenses

29.4m

Inventories

259.1m286.8m270.1m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

73.1m128.0m131.5m114.3m

Depreciation and Amortization

52.2m48.5m46.6m46.5m

Inventories

(8.4m)(34.5m)17.0m18.7m

Cash From Operating Activities

155.9m169.4m194.0m228.8m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

21.7m48.9m75.4m28.2m64.2m95.7m31.0m67.4m99.7m52.2m85.1m41.7m

Depreciation and Amortization

12.1m25.7m38.7m12.7m25.0m36.7m11.4m22.8m34.3m11.4m22.9m34.7m3.8m

Inventories

(14.3m)(13.1m)(10.1m)(19.7m)(27.4m)(35.4m)(7.8m)3.6m5.1m(12.7m)(14.3m)3.1m(18.8m)

Cash From Operating Activities

(9.1m)9.0m73.4m(26.1m)1.5m66.6m(24.2m)19.7m94.9m(900.0k)47.3m127.4m33.9m
USDQ1, 2018

Debt/Equity

0.8 x

Debt/Assets

0.4 x

Financial Leverage

2.3 x
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Watts Water Technologies Operating Metrics

FY, 2018FY, 2019Mar, 2020

Brands

14

Production Facilities

3

Projects Specified through SPEC Solutions

5 k7 k

Yearly Website Visits

5 m5 m
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Watts Water Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
PVINovember 03, 2016$79.2 m
Apex ValvesOctober 28, 2015$22 m
AERCO InternationalDecember 01, 2014$264.5 m
Tekmar Control SystemsJanuary 31, 2012$11 m
SoclaApril 29, 2011$175.7 m
Austroflex Rohr-IsoliersystemeJune 28, 2010
Blue Ridge Atlantic EnterprisesApril 16, 2010
BLÜCHER MetalMay 30, 2008
Topway GlobalNovember 28, 2007
Black TeknigasAugust 14, 2006
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Watts Water Technologies Revenue Breakdown

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Watts Water Technologies revenue breakdown by business segment: 6.4% from Water Quality Products, 31.1% from HVAC and Gas Products, 10.8% from Drainage and Water Re-use Products and 51.7% from Residential & Commercial Flow Control

Watts Water Technologies revenue breakdown by geographic segment: 28.2% from Europe, 67.7% from Americas and 4.1% from Other

Watts Water Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

C

71/100

SecurityScorecard logo

Watts Water Technologies Online and Social Media Presence

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Watts Water Technologies News and Updates

Stainless Steel Floor Drains Market Perspective by Top Key Players as Aliaxis Group, Zurn Industries, Watts Water Technologies (BLUCHER), ACO, Geberit, McWane, Wedi, KESSEL AG, Jay R. Smith Mfg. Co., Inc., Sioux Chief Mfg., By 2023

Qurate Business Intelligence added “Stainless Steel Floor Drains Market” to its research database with information such as company profiles, product picture and specification. Posted via Industry Today. Follow us on Twitter @IndustryToday

Watts Water Technologies Frequently Asked Questions

  • When was Watts Water Technologies founded?

    Watts Water Technologies was founded in 1874.

  • Who are Watts Water Technologies key executives?

    Watts Water Technologies's key executives are Shashank Patel, Timothy P. Horne and Robert J. Pagano.

  • How many employees does Watts Water Technologies have?

    Watts Water Technologies has 4,800 employees.

  • What is Watts Water Technologies revenue?

    Latest Watts Water Technologies annual revenue is $1.5 b.

  • What is Watts Water Technologies revenue per employee?

    Latest Watts Water Technologies revenue per employee is $314.3 k.

  • Who are Watts Water Technologies competitors?

    Competitors of Watts Water Technologies include Core & Main, Allweiler and Jiangsu Gang Feng Boiler.

  • Where is Watts Water Technologies headquarters?

    Watts Water Technologies headquarters is located at 815 Chestnut St, North Andover.

  • Where are Watts Water Technologies offices?

    Watts Water Technologies has offices in North Andover, Shanghai and Eerbeek.

  • How many offices does Watts Water Technologies have?

    Watts Water Technologies has 3 offices.