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Watts Water Technologies, Inc (WTS) reported second-quarter 2024 adjusted earnings per share (EPS) of $2.46, which increased 5% on a year-over-year basis and beat the Zacks Consensus Estimate by 5.1%.The company’s quarterly net sales rose 12% year over year to $597.3 million. The top line surpassed the Zacks Consensus Estimate by 1.8%. Organic sales remained flat year over year.The company’s performance benefited from higher revenue growth in the Asia-Pacific, the Middle East and Africa (APMEA) and the Amer ...

销售表现 - 第二季度销售额增长12.1%，达5.973亿美元[134] - 美洲地区销售额增长22.1%，主要受益于收购Bradley和Josam公司[144] - 欧洲地区销售额下降15.8%，主要受到市场需求下降的影响[140] - 亚太中东非洲地区销售额增长15.9%，主要受益于有机销售增长[140] - 美洲地区销售额同比增长17.6%，主要得益于有机增长和并购[166,168] - 欧洲地区销售额同比下降2.6%，主要受有机销售下滑所拖累[166,168] - 亚太中东非洲地区销售额同比增长1.3%，主要得益于有机增长和并购[166,168] - 美洲地区销售额增加1.768亿美元，同比增长25.6%[173] - 欧洲地区销售额下降2650万美元，同比下降10%[174,175] - 亚太中东非洲地区销售额增加1340万美元，同比增长26.5%[176] - 汇率变动对销售额的影响主要来自美元兑欧元和人民币的升值[147] - 汇率变动对销售额的影响为负0.4%[177] 盈利能力 - 毛利率同比上升，主要得益于价格上涨和生产效率提升，但被通胀、欧洲销量下滑和并购影响所抵消[148,149] - 毛利率为46.9%，同比上升主要由于价格上涨、产品组合改善和生产效率提高[178,179] - 销售费用和管理费用同比增加3.7%，主要由于并购带来的新增费用[150,151] - 销售费用和管理费用增加5810万美元，同比增长20.5%，主要由于并购带来的费用增加[180,181] - 营业利润同比增加11.1%，主要得益于价格上涨、生产效率提升，但被通胀和投资增加所抵消[156,158] - 营业利润增加2310万美元，同比增长12.5%，主要由于价格上涨、产品组合改善和生产效率提高[188] - 净利润同比增长8.0%，每股收益为2.44美元[163,164] - 净利润为1.545亿美元，每股摊薄收益为4.61美元[193,194] 现金流管理 - 经营活动产生的现金流量净额为1.309亿美元，同比增加[195] - 投资活动使用现金1.075亿美元，主要用于并购[196] - 融资活动使用现金8890万美元，主要用于偿还债务和支付股息[197,198] - 公司持有2.794亿美元现金及现金等价物，其中1.683亿美元由海外子公司持有[200] - 公司可以利用未使用的循环信贷额度以合理的利率借款来满足预期现金支出[200] - 公司目前无计划将海外子公司的未分配收益汇回美国，但如果需要资金支持美国业务，可能需要缴纳相关税费[201,202] - 公司2024年上半年自由现金流为1.197亿美元，同比增长34.7%[207,208,209,210] - 公司2024年6月30日的净负债资本比率为-1.3%[211,212,213,214,215,216,217] 业务发展 - 公司通过收购等方式拓展了新的市场和渠道，增强了技术实力和解决方案能力[129] - 公司持续投资于新产品研发和智能连接技术，以满足客户对可持续发展的需求[130,131] - 公司产品受益于监管标准和建筑规范的要求，代表了公司的竞争优势[132] - 公司面临宏观经济环境不确定性,但仍将继续投资业务发展[133] 财务管理 - 公司与银行签订了新的信贷协议,延长了信贷期限至2029年[136] - 公司宣布派发每股0.43美元的季度股息[137] - 公司使用非GAAP财务指标来补充GAAP财务指标，以更好地了解业务表现[204,205,206] - 公司使用衍生金融工具主要是为了降低外汇、利率和原材料价格波动的风险[219,220,221,222,223,224] - 公司无重大的资产负债表外安排[203]

© 2024 Watts Water Technologies, Inc. WATTS WATER TECHNOLOGIES Q2 2024 EARNINGS CONFERENCE CALL August 8, 2024 Forward Looking Statements Certain statements in this presentation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are related to forecasts of sales, margins, earnings, earnings per share, effective tax rate, capital expenditures, cash flow, water market growth, acquisition strategy and integration, construction outl ...

Watts Water (WTS) reported $597.3 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 12.1%. EPS of $2.46 for the same period compares to $2.34 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $586.67 million, representing a surprise of +1.81%. The company delivered an EPS surprise of +5.13%, with the consensus EPS estimate being $2.34.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

财务业绩 - 报告销售额为5.97亿美元，同比增长12%，有机销售额持平[6] - 报告营业利润率为18.7%，同比下降10个基点；调整后营业利润率为18.8%，同比下降70个基点[6] - 报告每股收益为2.44美元，同比增长8%；调整后每股收益为2.46美元，同比增长5%[7] - 2024年6月30日营业收入为5.973亿美元，同比增长12.1%[36] - 2024年上半年营业收入为11.682亿美元，同比增长16.3%[36] - 2024年6月30日营业利润为1.115亿美元，同比增长11.1%[37] - 2024年上半年营业利润为2.082亿美元，同比增长12.5%[37] - 公司第二季度总销售额为5.973亿美元，同比增长12.1%[54] - 第二季度调整后营业利润为1.121亿美元，调整后营业利润率为18.9%[47] - 第二季度调整后每股收益为2.46美元[42] - 第二季度自由现金流为1.197亿美元，现金转换率为77.5%[58][59] 地区业绩 - 美洲地区销售额增长22%，有机销售额增长5%，主要得益于价格上涨和核心阀门产品以及供暖热水产品的增长[11] - 欧洲地区销售额下降16%，有机销售额下降15%，主要受到政府能源补贴减少导致热泵去库存的影响[13] - 亚太地区销售额增长16%，有机销售额增长18%，主要得益于各主要国家的增长[15] - 2024年6月30日美洲地区营业收入为4.481亿美元，同比增长22.1%[31] - 2024年上半年美洲地区营业收入为8.669亿美元，同比增长25.6%[31] - 2024年6月30日欧洲地区营业收入为1.141亿美元，同比下降15.8%[31] - 2024年上半年欧洲地区营业收入为2.374亿美元，同比下降10.0%[31] - 2024年6月30日亚太地区营业收入为3.51亿美元，同比增长15.8%[31] - 2024年上半年亚太地区营业收入为6.39亿美元，同比增长26.5%[31] - 第二季度美洲地区销售额为4.481亿美元，同比下降15%，其中有15%来自有机销售下降[54] - 第二季度欧洲地区销售额为1.141亿美元，同比下降15.9%，其中有15%来自有机销售下降[54] - 第二季度APMEA地区销售额为3.51亿美元，同比增长15.8%，其中有18.4%来自有机销售增长[54] 业务展望 - 公司维持2024年全年业绩指引，预计销售额增长7%至12%，有机销售额-4%至+1%，调整后营业利润率17.1%至17.7%[20] - 公司预计2024财年全年销售增长7%至12%，其中有11%来自收购和汇率影响，有机销售增长为-4%至1%[65] - 公司预计2024财年全年调整后营业利润率为17.1%至17.7%[66] 其他 - 公司于2024年7月12日修订并延长了现有信贷额度至2029年7月12日[18] - 公司在2024年第二季度回购了约2万股A类普通股，总成本为410万美元[19] - 公司净负债比率为-1.3%[64]

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

The market expects Watts Water (WTS) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be re ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Watts Water (WTS) , which belongs to the Zacks Instruments - Control industry, could be a great candidate to consider.This maker of valves for plumbing, heating and water needs has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.55%.For the most ...