Watts Water Technologies

Watts Water is a global provider of plumbing, heating, and water quality solutions for residential, industrial, municipal, and commercial settings. Its family of companies offers varied plumbing, heating, and water quality product lines in the world. The Company offers a wide range of world-class, water-related solutions focused on plumbing and flow control, water quality and conditioning, water reuse and drainage, HVAC and municipal waterworks.


Type
Public
HQ
North Andover, US
Founded
1874
Size (employees)
4,800 (est)-4%
Watts Water Technologies was founded in 1874 and is headquartered in North Andover, US

Watts Water Technologies Office Locations

Watts Water Technologies has offices in North Andover, Amsterdam and Shanghai
North Andover, US (HQ)
815 Chestnut St
Shanghai, CN
500 West Yan'an Road
Amsterdam, NL
3099 Strawinskylaan

Watts Water Technologies Data and Metrics

Watts Water Technologies Financial Metrics

Watts Water Technologies's revenue was reported to be $347.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

347.2 m

Gross profit (Q1, 2017)

143.8 m

Gross profit margin (Q1, 2017), %

41%

Net income (Q1, 2017)

21.7 m

EBIT (Q1, 2017)

35.7 m

Market capitalization (18-Aug-2017)

2.2 b

Cash (02-Apr-2017)

287 m
Watts Water Technologies's current market capitalization is $2.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.5 b1.5 b1.4 b

Revenue growth, %

3%(3%)(5%)

Cost of goods sold

947 m971.9 m914.6 m832.8 m

Gross profit

526.5 m541.8 m553.1 m565.6 m

Gross profit Margin, %

36%36%38%40%

General and administrative expense

424.1 m

Operating expense total

424.1 m

EBIT

111.5 m105.4 m(90.1 m)145 m

EBIT margin, %

8%7%(6%)10%

Interest expense

21.5 m19.9 m24.3 m22.6 m

Interest income

600 k700 k1 m1 m

Pre tax profit

87.8 m83.1 m(111 m)127.8 m

Income tax expense

26.9 m32.8 m1.9 m43.6 m

Net Income

58.6 m50.3 m(112.9 m)84.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

396 m376 m356.2 m386.9 m366.3 m344.2 m371.1 m341.1 m347.2 m

Cost of goods sold

257 m237.9 m225.7 m241.1 m224.1 m209 m220.4 m199.1 m203.4 m

Gross profit

139 m138.1 m130.5 m145.8 m142.2 m135.2 m150.7 m142 m143.8 m

Gross profit Margin, %

35%37%37%38%39%39%41%42%41%

General and administrative expense

99.8 m95 m105.7 m106.3 m166.6 m102.6 m110.5 m104.5 m107.6 m

Operating expense total

99.8 m95 m105.7 m106.3 m166.6 m102.6 m110.5 m104.5 m107.6 m

EBIT

36.6 m42.7 m22.8 m34.8 m(30.2 m)31.2 m45.7 m36.5 m35.7 m

EBIT margin, %

9%11%6%9%(8%)9%12%11%10%

Interest expense

4.9 m4.8 m5.9 m5.9 m6.2 m6.7 m5.5 m4.9 m4.8 m

Interest income

(200 k)(100 k)(200 k)(200 k)(300 k)(200 k)(300 k)(300 k)(200 k)

Pre tax profit

32 m36.4 m17.3 m29.5 m(35.9 m)26.9 m41.4 m32.4 m30.8 m

Income tax expense

10.7 m13.8 m5.7 m10.2 m(10.2 m)10.7 m12.8 m10.5 m9.1 m

Net Income

35.4 m58 m11.6 m19.3 m5.2 m16.2 m44.8 m66.7 m21.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

267.9 m301.1 m296.2 m338.4 m

Inventories

239.4 m

Current Assets

857.1 m874.3 m809 m858 m

PP&E

219.9 m203.3 m184.4 m189.7 m

Goodwill

514.8 m639 m489 m532.7 m

Total Assets

1.7 b1.9 b1.7 b1.8 b

Accounts Payable

145.6 m120.8 m101.7 m101.1 m

Total Debt

307.7 m579.7 m577.3 m650.4 m

Current Liabilities

326.9 m345.7 m295 m425.5 m

Common Stock

2.9 m2.9 m2.8 m2.8 m

Additional Paid-in Capital

473.5 m497.4 m512 m535.2 m

Retained Earnings

513.1 m500.6 m317.7 m348.5 m

Total Equity

1 b912.4 m704.9 m736.3 m

Debt to Equity Ratio

0.3 x0.6 x0.8 x0.9 x

Debt to Assets Ratio

0.2 x0.3 x0.3 x0.4 x

Financial Leverage

1.7 x2.1 x2.4 x2.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

244.3 m272.4 m261.8 m284.6 m288.8 m259.4 m286.7 m338.6 m287 m

Inventories

318.4 m307 m282.7 m254.5 m254.3 m264.7 m247.5 m241.2 m255.1 m

Current Assets

861.1 m848.6 m838.6 m879.9 m853.3 m848.2 m847.5 m873.4 m798.4 m

PP&E

212.3 m202.1 m189.5 m186.6 m185.1 m185.3 m185 m184.8 m189.8 m

Goodwill

511.5 m492.8 m612 m614.5 m613.9 m497.6 m495.5 m497 m537 m

Total Assets

1.7 b1.7 b1.9 b1.9 b1.9 b1.7 b1.7 b1.7 b1.7 b

Accounts Payable

133.1 m125.4 m113 m111 m103.6 m98.6 m88.4 m85.8 m104.2 m

Current Liabilities

313.7 m299.8 m328.6 m563.6 m519.5 m285.4 m269.5 m273.6 m387.5 m

Common Stock

2.9 m2.9 m2.8 m2.8 m2.8 m2.8 m2.8 m2.8 m2.8 m

Additional Paid-in Capital

483.8 m493.1 m501 m504.6 m508.3 m516.2 m523 m531.2 m539.5 m

Retained Earnings

517.6 m524.5 m497 m499.9 m454.5 m315.5 m332.2 m342 m356.9 m

Total Equity

1 b970.1 m847.4 m872.5 m860.7 m731.1 m733.8 m756.4 m757 m

Financial Leverage

1.7 x1.7 x2.2 x2.2 x2.2 x2.4 x2.4 x2.3 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

58.6 m50.3 m(112.9 m)84.2 m

Depreciation and Amortization

34.2 m32.9 m31.6 m30.4 m

Accounts Receivable

(3.5 m)9.6 m13 m(7.1 m)

Inventories

(17 m)21.4 m21.2 m9.8 m

Cash From Operating Activities

(3.4 m)33.2 m109.4 m138.1 m

Purchases of PP&E

(27.7 m)(23.7 m)(27.7 m)(36 m)

Cash From Investing Activities

(24.1 m)(17.3 m)(114 m)

Long-term Borrowings

(77.2 m)(2.3 m)(2 m)(614.4 m)

Cash From Financing Activities

(109.5 m)220.8 m(70.9 m)27.7 m

Interest Paid

21.5 m18.3 m23.1 m20.2 m

Income Taxes Paid

32.7 m30.5 m24.5 m33.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

35.4 m58 m11.6 m19.3 m5.2 m16.2 m44.8 m66.7 m21.7 m

Depreciation and Amortization

16.6 m24.7 m7.9 m15.6 m23.8 m7.3 m14.7 m22.7 m6.6 m

Accounts Receivable

(23.2 m)(18.5 m)(21.6 m)(27.3 m)(20 m)(16 m)(30.6 m)(24.3 m)(12.5 m)

Inventories

(10.7 m)(5.3 m)(400 k)9.3 m7.3 m(19.9 m)(5.5 m)1.4 m(14.3 m)

Cash From Operating Activities

41.9 m(21.9 m)7.8 m69.6 m(9.1 m)

Purchases of PP&E

(10.6 m)(16.1 m)(5.6 m)(12.5 m)(19.2 m)(9.2 m)(19.2 m)(26.3 m)(5.8 m)

Cash From Investing Activities

(10.4 m)(15.7 m)(5.6 m)(11.7 m)14.7 m(29.4 m)(21.3 m)(24.2 m)(3.8 m)

Long-term Borrowings

(900 k)(1.6 m)(300 k)(800 k)(1.3 m)(275.4 m)(500.7 m)(501.1 m)(38.9 m)

Cash From Financing Activities

(29.3 m)(38.8 m)(15.2 m)(33.2 m)(51.6 m)4.2 m(600 k)(7.5 m)(42.5 m)

Interest Paid

9.5 m9.6 m1.2 m11 m12.6 m1.2 m11.7 m15.1 m4 m

Income Taxes Paid

15.5 m21.7 m5.8 m12.6 m18.6 m5.5 m14.6 m23.8 m5 m
Y, 2017

Financial Leverage

2.3 x

Watts Water Technologies Market Value History

Traffic Overview of Watts Water Technologies

Watts Water Technologies Online and Social Media Presence

Watts Water Technologies Company Life and Culture

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