WTS

EX-99.1

2 wts-20260506xex99d1.htm

EX-99.1

Exhibit 99.1

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FOR IMMEDIATE RELEASE

Contact:

Diane McClintock

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Chief Financial Officer

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email:

investorrelations@wattswater.com

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WATTS WATER TECHNOLOGIES REPORTS RECORD FIRST QUARTER 2026 RESULTS

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◾Net sales of $677 million, up 21% on a reported basis and 12% organically

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◾Operating margin of 19.6%, up 390 bps; adjusted operating margin of 20.1%, up 110 bps

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◾Diluted EPS of $2.97, up 34%; adjusted diluted EPS of $3.04, up 28%

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◾Announced 21% increase in quarterly dividend payments to $0.63 per share

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◾Maintaining full year 2026 outlook

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Note changes in performance are relative to first quarter 2025

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North Andover, Mass., May 6, 2026 -- Watts Water Technologies, Inc. (NYSE: WTS) – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the first quarter of 2026.

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Chief Executive Officer Robert J. Pagano Jr. said, “We delivered a strong start to 2026, with organic growth across all regions and record first quarter net sales, operating income, operating margin and EPS. This is a direct result of the strong execution by the Watts team, and I would like to thank our employees who have remained diligent and focused on delivering quality and value to our customers.”

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Mr. Pagano continued, “We are actively managing through geopolitical and trade-related uncertainties while advancing our strategic priorities. We continue to invest in higher-growth opportunities, including data centers and digital solutions, and are driving productivity through automation to support efficiency and margin performance through the One Watts Performance System. While we are pleased with our strong performance to start the year, the macro environment remains dynamic. As a result, we are maintaining our full year 2026 outlook. Our proven operating model and execution track record position us well, and supported by a strong balance sheet and solid cash flow generation, we remain focused on disciplined capital allocation and delivering sustainable long-term value.”

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A summary of first quarter financial results is as follows:

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First Quarter Ended

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March 29,

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March 30,

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(In millions, except per share information)

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2026

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2025

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% Change

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Net sales

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$

677.3

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$

558.0

21

%

Organic sales growth % (1)

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12

%

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Operating income

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$

133.0

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$

87.7

52

%

Operating margin %

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19.6

%

15.7

%

390

bps

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Adjusted operating income (1)

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$

135.9

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$

106.1

28

%

Adjusted operating margin % (1)

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20.1

%

19.0

%

110

bps

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Diluted earnings per share

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$

2.97

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$

2.21

34

%

Special items (1)

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0.07

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0.16

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Adjusted diluted earnings per share (1)

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$

3.04

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$

2.37

28

%

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(1)Organic sales growth, adjusted operating income, adjusted operating margin, free cash flow, special items and adjusted diluted earnings per share represent non-GAAP financial measures. For a reconciliation of GAAP to non-GAAP items, please see the tables attached to this press release.

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First Quarter Financial Highlights

First quarter 2026 performance compared to first quarter 2025

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Sales of $677 million increased 21% on a reported basis and 12% on an organic basis. Organic sales increased primarily due to favorable price and incremental volume driven by data center growth. Incremental acquisition sales within the Americas and APMEA were $37 million and contributed 7% to reported growth. Favorable foreign exchange increased reported sales by $16 million, or 3%.

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Operating margin increased 390 basis points on a reported basis and 110 basis points on an adjusted basis. Operating and adjusted operating margin increased primarily due to favorable price, productivity and volume leverage which more than offset inflation, investments, tariffs and acquisition dilution. Operating margin was favorably impacted by a decrease in restructuring charges, partially offset by higher acquisition-related charges.

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Regional Performance

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Americas

Sales of $515 million increased 23% on a reported basis and 16% on an organic basis, primarily due to favorable price and incremental volume driven by data center growth. Acquisitions contributed $31 million of incremental sales, or 7%, to reported growth.

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Segment margin increased 80 basis points as benefits from price realization, productivity, and volume leverage more than offset inflation, tariffs and acquisition dilution.

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Europe

Sales of $121 million increased 12% on a reported basis and 1% on an organic basis. Reported sales growth benefitted from favorable foreign exchange, which increased reported sales by 11%.  Organic sales increased primarily from favorable pr

WATTS WATER TECHNOLOGIES INC_February 11, 2026 0000795403falseWATTS WATER TECHNOLOGIES INC00007954032026-02-112026-02-11 ​ ​

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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​

FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported): February 11, 2026 ​

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WATTS WATER TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in its Charter) ​ ​

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​

​

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Delaware ​ 001-11499 ​ 04-2916536

(State or Other Jurisdiction ​ (Commission File Number) ​ (IRS Employer

of Incorporation) ​ ​ ​ Identification No.)

​ 815 Chestnut Street, North Andover, Massachusetts 01845 (Address of Principal Executive Offices) (Zip Code) ​ (978) 688-1811 (Registrant’s telephone number, including area code) ​

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ​ ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ​ ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​

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​

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.10 per share WTS New York Stock Exchange

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ ​

Item 2.02.        Results of Operations and Financial Condition.

On February 11, 2026, Watts Water Technologies, Inc. (the “Registrant”) announced its financial results for the fiscal quarter ended December 31, 2025. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. ​ The information in Item 2.02 of this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing. ​ Item 9.01.        Financial Statements and Exhibits

(d) Exhibits. ​

Exhibit Number

Description

99.1

Press Release dated February 11, 2026.

104 ​ Cover Page Interactive Data File (embedded within the Inline XBRL document)

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​ ​ ​ ​

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 11, 2026

WATTS WATER TECHNOLOGIES, INC.

By: /s/ Kenneth R. Lepage

Kenneth R. Lepage

General Counsel, Chief Sustainability Officer, Chief Compliance Officer & Secretary

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WATTS WATER TECHNOLOGIES INC_November 5, 2025 0000795403falseWATTS WATER TECHNOLOGIES INC00007954032025-11-052025-11-05 ​ ​

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

​

​

FORM 8-K

​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported): November 5, 2025 ​

​

WATTS WATER TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in its Charter) ​ ​

​

​

​

​

Delaware ​ 001-11499 ​ 04-2916536

(State or Other Jurisdiction ​ (Commission File Number) ​ (IRS Employer

of Incorporation) ​ ​ ​ Identification No.)

​ 815 Chestnut Street, North Andover, Massachusetts 01845 (Address of Principal Executive Offices) (Zip Code) ​ (978) 688-1811 (Registrant’s telephone number, including area code) ​

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ​ ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ​ ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ​ ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ​ ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act: ​ ​

​ ​

​

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, par value $0.10 per share WTS New York Stock Exchange

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​ ​ ​

Item 2.02.        Results of Operations and Financial Condition.

On November 5, 2025, Watts Water Technologies, Inc. (the “Registrant”) announced its financial results for the fiscal quarter ended September 28, 2025. The full text of the press release issued in connection with the announcement is attached as Exhibit 99.1 to this Current Report on Form 8-K. ​ The information in Item 2.02 of this Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing. ​ Item 9.01.        Financial Statements and Exhibits

(d) Exhibits. ​

Exhibit Number

Description

99.1

Press Release dated November 5, 2025.

104 ​ Cover Page Interactive Data File (embedded within the Inline XBRL document)

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​ ​ ​ ​

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: November 5, 2025

WATTS WATER TECHNOLOGIES, INC.

By: /s/ Kenneth R. Lepage

Kenneth R. Lepage

General Counsel, Chief Sustainability Officer, Chief Compliance Officer & Secretary

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