Watts Water Technologies Inc (Watts Water Technologies), is a provider of water technologies and solutions. The company’s product portfolio includes backflow preventers, water pressure regulators, temperature and pressure relief valves, thermostatic mixing valves, commercial high-efficiency boilers, water heaters, hydronic and electric heating systems, hydronic pumps, flexible stainless steel connectors, drainage products, among others. The company also provides custom heat and hot water solutions; and engineered rainwater harvesting solutions. Its products and services are offered to contractors/installers, wholesalers, engineers, designers, OEMS, consumers, facility managers, government, and municipal corporations. The company operates in the Americas, Europe, Asia-Pacific, Middle East, and Africa. Watts is headquartered in North Andover, Massachusetts, the US.
Headquarters
United States of America
Address
815 Chestnut St, North Andover, Massachusetts, 1845
Website
www.watts.com
Telephone
1 978 6881811
No of Employees
5,100
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
WTS (NYSE)
Revenue (2022)
$2.1B
3.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
4.2%
(2022 vs 2021)
Market Cap*
$6.7B
Net Profit Margin (2022)
XYZ
0.3%
(2022 vs 2021)
* As of and is in US$
Watts Water Technologies Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Residential and Commercial Flow Control Product Line | Watts |
| HVAC (Heating, Ventilation, and Air Conditioning) and Gas Products | FEBCO |
| Drains and Water Re-Use Products | HF scientific |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In December, the company announced its plans to acquire Josam Company, a drainage and plumbing product manufacturer. |
| 2023 | Acquisitions/Mergers/Takeovers | In October, the company acquired Bradley Corporation for US$303 million. |
| 2023 | New Products/Services | In February, the company introduced a new smart and connected W561 thermostat. |
Competitor Comparison
| Key Parameters | Watts Water Technologies Inc | Xylem Inc | Flowserve Corp | Mueller Water Products Inc | CIRCOR International Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | North Andover | Washington | Irving | Portsmouth | Burlington |
| State/Province | Massachusetts | WashingtonD.C. | Texas | New Hampshire | Massachusetts |
| No. of Employees | 5,100 | 23,000 | 16,000 | 3,200 | 3,060 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Robert J Pagano Jr | Chairman; Chief Executive Officer; President | Executive Board | 2022 | 60 |
| Shashank Patel | Chief Financial Officer | Senior Management | 2018 | 62 |
| Andre Dhawan | Chief Operating Officer | Senior Management | 2022 | 59 |
| Kenneth R Lepage | General Counsel; Secretary; Chief Sustainability Officer | Senior Management | 2021 | 52 |
| Monica Barry | Chief Human Resources Officer | Senior Management | 2021 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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