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Watts Water (WTS) Reliance on International Sales: What Investors Need to Know
ZACKS· 2026-02-16 15:16
Core Insights - The performance of Watts Water's international operations is crucial for understanding its financial resilience and growth potential [1][2] Group 1: International Revenue Performance - Watts Water's total revenue for the quarter was $625.1 million, reflecting a 15.7% increase [4] - Europe contributed 19.2% of total revenue, amounting to $119.7 million, which was a surprise of +3.57% compared to expectations [5] - APMEA generated $38.8 million, representing 6.2% of total revenue, with a surprise of +10.54% over projections [6] Group 2: Revenue Forecasts - Analysts project total revenue for the current fiscal quarter to reach $615.59 million, a 10.3% increase year-over-year [7] - For the full year, total revenue is expected to be $2.64 billion, an 8.5% increase from the previous year [8] Group 3: Stock Market Performance - Over the past month, Watts Water's stock increased by 10.5%, while the S&P 500 composite decreased by 1.7% [13] - In the last three months, the company's stock price rose by 20.6%, compared to a 1.7% increase in the S&P 500 index [13]