Watts Water(WTS) - 2024 Q2 - 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 SECOND QUARTER 2024 RESULTS ◾ Reported sales of $597 million increased 12%; organic sales were flat ◾ Reported operating margin of 18.7%, down 10 bps; adjusted operating margin of 18.8%, down 70 bps ◾ Reported EPS of $2.44, up 8%; adjusted EPS of $2.46, up 5% ◾ Amended and extended existing credit facility, effective July 12, 2024 ◾ Maintai ...