Watts Water (WTS) Hits Record Sales While Margins Quietly Slip

Watts Water Technologies reported second quarter results on August 5, posting net sales of $763 million, representing 19% growth on a reported basis and 12% organic growth compared to the prior year period. Diluted earnings per share reached $3.53, up 17% year over year, while adjusted diluted EPS climbed 18% to $3.66, marking the company’s strongest quarter by most top-line metrics.
Data center demand emerged as the primary growth driver across all three geographic segments. The Americas