Watts Water Technologies (WTS) FY2024 results: revenue $2.3 billion, up 9.5% on the year
Watts Water Technologies Inc. (WTS) reported revenue of $2.3 billion for fiscal 2024, the year ended 31 December 2024, up 9.5% on the year before. Net income was $291 million, up 11.1%, and diluted earnings per share $8.69. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$2.3 billion
+9.5% on the year
FY2017FY2024
Operating margin
17.3%
17.1% a year earlier
FY2017FY2024
Net income
$291 million
+11.1% on the year
FY2017FY2024
Diluted EPS
$8.69
+11.1% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
361
311
224
+16.2%
Capital expenditure
35.3
29.7
28.1
+18.9%
Free cash flow
326
281
196
+15.9%
Free cash flow margin
14.5%
13.7%
9.9%
Cash from investing
-125
-343
-22.9
Cash from financing
-190
69.0
-122
Depreciation and amortisation
54.4
43.3
39.7
+25.6%
Share-based compensation
19.5
20.2
18.4
-3.5%
Buybacks
17.0
16.0
69.4
+6.2%
Dividends paid
55.5
46.5
39.5
+19.4%
Dividend per share
$1.65
$1.38
$1.16
+19.6%
Diluted shares, weighted
34m
34m
34m
0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,708
1,513
1,301
+12.9%
Debt
197
298
148
-34.0%
Operating lease liabilities
38.1
43.8
38.1
-13.0%
Finance lease liabilities
1.8
1.2
1.4
+50.0%
Other liabilities
452
453
443
-0.1%
Total liabilities and equity
2,397
2,309
1,931
+3.8%
Fixed assets
255
248
197
+2.7%
Goodwill
715
693
592
+3.2%
Intangible assets
235
216
114
+8.7%
Cash and equivalents
387
350
311
+10.5%
Receivables
253
260
234
-2.5%
Inventory
392
399
376
-1.8%
Other assets
160
143
108
+12.0%
Total assets
2,397
2,309
1,931
+3.8%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.