WATTS WATER TECHNOLOGIES INCWTSEarnings & Financial Report
AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...
Revenue
$597.3M
Gross Profit
$284.8M
Operating Profit
$111.5M
Net Profit
$82.0M
Gross Margin
47.7%
Operating Margin
18.7%
Net Margin
13.7%
YoY Growth
12.1%
EPS
$2.44
WATTS WATER TECHNOLOGIES INC Q2 FY2024 Financial Summary
WATTS WATER TECHNOLOGIES INC reported revenue of $597.3M (up 12.1% YoY) for Q2 FY2024, with a net profit of $82.0M (up 8.0% YoY) (13.7% margin). Cost of goods sold was $312.5M, operating expenses totaled $173.3M.
Key Financial Metrics
| Total Revenue | $597.3M |
|---|---|
| Net Profit | $82.0M |
| Gross Margin | 47.7% |
| Operating Margin | 18.7% |
| Report Period | Q2 FY2024 |
WATTS WATER TECHNOLOGIES INC Annual Revenue by Year
WATTS WATER TECHNOLOGIES INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.4B |
| 2024 | $2.3B |
| 2023 | $2.1B |
| 2022 | $2.0B |
WATTS WATER TECHNOLOGIES INC Quarterly Revenue & Net Profit History
WATTS WATER TECHNOLOGIES INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $625.1M | +15.7% | $83.7M | 13.4% |
| Q3 FY2025 | $611.7M | +12.5% | $82.2M | 13.4% |
| Q2 FY2025 | $643.7M | +7.8% | $100.9M | 15.7% |
| Q1 FY2025 | $558.0M | -2.3% | $74.0M | 13.3% |
| Q4 FY2024 | $540.4M | -1.3% | $67.5M | 12.5% |
| Q3 FY2024 | $543.6M | +7.8% | $69.1M | 12.7% |
| Q2 FY2024 | $597.3M | +12.1% | $82.0M | 13.7% |
| Q1 FY2024 | $570.9M | +21.0% | $72.6M | 12.7% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $570.9M | $597.3M | $543.6M | $540.4M | $558.0M | $643.7M | $611.7M | $625.1M |
| YoY Growth | 21.0% | 12.1% | 7.8% | -1.3% | -2.3% | 7.8% | 12.5% | 15.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.33B | $2.38B | $2.40B | $2.40B | $2.50B | $2.64B | $2.73B | $2.88B |
| Liabilities | $780.6M | $765.1M | $710.0M | $689.1M | $728.5M | $752.5M | $768.6M | $853.5M |
| Equity | $1.55B | $1.62B | $1.69B | $1.71B | $1.77B | $1.89B | $1.96B | $2.03B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $45.6M | $85.3M | $90.7M | $139.5M | $55.2M | $69.7M | $122.4M | $154.7M |