Watts Water(WTS) - 2024 Q1 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Diane McClintock SVP FP&A & Investor Relations email:investorrelations@wattswater.com WATTS WATER TECHNOLOGIES REPORTS RECORD FIRST QUARTER 2024 RESULTS ◾ Reported sales of $571 million increased 21%; organic sales increased 6% including ~7% due to extra shipping days ◾ Reported operating margin of 16.9%, down 110 bps; adjusted operating margin of 18.2%, up 30 bps ◾ Reported EPS of$ 2.17, up 12%; adjusted EPS of $2.33, up 21% ◾ Announced 19% increase in quarterly ...