Watts Water Technologies Reports Strong Second‑Quarter Performance
Watts Water Technologies, Inc. (NYSE: WATTS) announced its second‑quarter 2026 results on August 5, 2026. The company reported a notable increase in its bottom line, with non‑GAAP earnings per share (EPS) of $3.66, surpassing expectations by $0.32. Revenue for the quarter reached $763 million, exceeding consensus estimates by $36.98 million.
Financial Highlights
| Item | Q2 2026 | Consensus | Variance |
|---|---|---|---|
| Non‑GAAP EPS | $3.66 | $3.34 | +$0.32 |
| Revenue | $763 million | $726.02 million | +$36.98 million |
The earnings and revenue beats reflect Watts Water Technologies’ continued focus on its core water regulation and control product lines. The company’s manufacturing and distribution operations span the United States, Canada, Europe, and China, including a joint venture in the People’s Republic of China.
Dividend Declaration
On August 3, 2026, Watts Water Technologies declared a quarterly dividend of $0.63 per share. The dividend payment aligns with the company’s dividend policy, which has been consistently maintained over recent quarters.
Market Context
The stock closed at $358.09 on August 3, 2026. Over the past year the shares have ranged between a 52‑week low of $251.17 (August 6, 2025) and a 52‑week high of $394.54 (June 29, 2026). With a market capitalization of approximately $9.84 billion and a price‑earnings ratio of 31.84, Watts Water Technologies remains a significant player within the industrial machinery sector.
The company’s performance in Q2 2026 underscores its ability to generate robust earnings and maintain shareholder returns through dividend payments. The results also reinforce the confidence of investors and analysts who have closely monitored the company’s financial trajectory since its IPO on August 1, 1986.
