Nov 17, 2025 9:10 AM Eastern Standard Time Watts Water Technologies Announces Chief Financial Officer Transition Share "I am honored and excited to take on the role of Chief Financial Officer,†said Ms. McClintock. "In this capacity, I look forward to continuing to execute our profitable growth strategy to build on Watts' long track record of delivering shareholder value. Thank you to Bob and our board for the opportunity to serve in this leadership position. I am committed to ensuring a smooth transition an ...

Share NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) today announced the election of Suzanne L. Stefany as a member of the Board of Directors. Ms. Stefany was also appointed by the Board to serve as a member of the Governance and Sustainability Committee and Compensation Committee of the Board of Directors. "Suzanne brings to Watts a wealth of experience advising leading, global multi-industry companies on business strategy, M&A, capital allocation and governance,†said Rob ...

Core Insights - Comfort Systems USA (FIX) reported a record backlog of $9.38 billion for Q3 2025, reflecting year-over-year increases of 65.1% [1] - The company is benefiting from elevated public infrastructure spending and a thriving market for technology advancements and sustainable alternatives [1] - FIX's strategic acquisitions are expected to generate over $200 million in incremental annual revenues and $15-$20 million in incremental annual EBITDA [3] Financial Performance - The Technology sector contributed 42% of total revenues in 2025, up from 32% a year ago, driven by increased demand for data center-related activities [2] - FIX's earnings estimates for 2025 and 2026 have trended upward to $26.31 and $30.61 per share, implying year-over-year growth of 80.2% and 16.4%, respectively [13] Competitive Landscape - FIX holds a tactical edge in the data-center market due to its concentrated technology and industrial work backlog [5] - Competitors include EMCOR Group, which is larger and more diversified, and AECOM, which has a significant backlog and full-service design capabilities [6][7] - FIX's advantages include its modular capacity and execution model, allowing for faster onsite starts and strong margin capture compared to competitors [8] Market Outlook - Despite challenges such as a tight labor market and potential normalization in project margins, management projects same-store revenue growth in the low to mid-teens for 2026 [4] - FIX's stock has trended upward by 38.5% over the past three months, outperforming industry peers and major indices [9][10] - The current trading premium is reflected in a forward 12-month price-to-earnings (P/E) ratio of 31.92 [12]

Core Insights - SouthernSun Asset Management's "SMID Cap Strategy" reported an 8.15% gross return and 7.96% net return for Q3 2025, underperforming the Russell 2500's 9.00% return and the Russell 2500® Value index's 8.17% gain during the same period [1] - Over the trailing twelve months, the composite returned 2.55% gross and 1.86% net, significantly lower than the Russell 2500's 10.16% and the Russell 2500® Value index's 9.00% returns [1] Company Analysis: Watsco, Inc. (NYSE:WSO) - Watsco, Inc. is the largest distributor of HVAC/R products in North America, but its stock experienced a -9.61% return over the last month and a 30.67% decline over the past 52 weeks, closing at $358.33 with a market cap of $14.573 billion on November 4, 2025 [2][3] - In Q2 2025, Watsco's revenue decreased by 4% while operating income increased by 1%, with equipment volumes down approximately 12% year-to-date due to lower new construction activity and a consumer shift from replacement to repair [3] - Despite current challenges, Watsco maintains a stable market share, has no debt, and holds $293 million in cash and short-term investments, positioning the company well for acquisitions in the $74 billion North American HVAC/R distribution market [3] - The company is viewed as having a strong competitive position and a long runway for both organic and inorganic growth, supported by its owner-oriented culture and competitive advantages that increase with scale [3] Hedge Fund Interest - Watsco, Inc. was held by 34 hedge fund portfolios at the end of Q2 2025, a slight decrease from 35 in the previous quarter, indicating a stable but cautious interest among hedge funds [4] - While Watsco is recognized for its potential, certain AI stocks are considered to offer greater upside potential with less downside risk, suggesting a competitive investment landscape [4]

Core Points - Watts Water Technologies, Inc. declared a quarterly dividend of $0.52 per share on its Class A and Class B Common Stock, to be paid on December 15, 2025, to stockholders of record as of December 1, 2025 [1][8]. Company Overview - Watts Water Technologies, Inc. is a global manufacturer headquartered in the USA, providing a broad range of plumbing, heating, and water quality products [2]. - The company offers innovative solutions aimed at controlling the efficiency, safety, and quality of water across commercial, residential, and industrial applications [2]. Upcoming Events - Watts Water Technologies will participate in and present at the 2025 Baird Global Industrial Conference [4][6]. - The company has also announced its third quarter 2025 earnings release and earnings conference call [8]. Recognition - Watts Water Technologies was named one of "America's Greenest Companies 2026" by Newsweek [7].

Core Points - Watts Water Technologies, Inc. will participate in the 2025 Baird Global Industrial Conference on November 12, 2025, at 7:55 AM Central Time in Chicago [1] - Key executives attending include Robert J. Pagano, Jr. (CEO), Ryan S. Lada (CFO), Andre Dhawan (COO), and Diane McClintock (SVP FP&A and Investor Relations) [1] Company Overview - Watts Water Technologies, Inc. is a global manufacturer based in the USA, providing a wide range of plumbing, heating, and water quality products [2] - The company offers innovative solutions for commercial, residential, and industrial applications [2]

Core Insights - Watsco, Inc. is a leading player in the North American HVAC market, with a strong financial foundation of over $640 million in cash and investments and no debt [1] - The company reported earnings per share (EPS) of $3.98 for Q3 2025, missing the estimated $4.44, which represents a 5.46% negative surprise [2] - Watsco's revenue for the same quarter was $2.07 billion, falling short of the estimated $2.17 billion, marking a 2.21% miss [3] Financial Performance - The EPS decreased from $4.22 in the same quarter last year, indicating a challenging period for the company [2] - Revenue declined from $2.16 billion reported in the same period last year [3] - Watsco has only surpassed consensus revenue estimates once in the last four quarters [3] Market Position and Valuation - Despite the earnings and revenue shortfalls, Watsco maintains a strong market position with a price-to-earnings (P/E) ratio of 26.52 and a price-to-sales ratio of 2.01 [4][6] - The company's enterprise value to sales ratio is also 2.01, indicating stable valuation relative to its sales [4] - Watsco's low debt-to-equity ratio of 0.10 and a robust current ratio of 3.84 further underscore its financial health [4][6] Cash Flow and Returns - Watsco's ability to generate cash flow is reflected in its enterprise value to operating cash flow ratio of 27.23 [5] - The company's earnings yield stands at 3.77%, providing insight into the return on investment [5] - Watsco has achieved an 18% compounded annual total-shareholder return since 1989, driven by strategic acquisitions and organic growth [5]

Core Insights - Lennox has completed the acquisition of the HVAC Division of NSI Industries, which includes the Duro Dyne and Supco brands, to enhance its HVAC parts and supplies portfolio [1][3][4] Company Strategy - The acquisition aims to strengthen Lennox's support for both residential and commercial customers by expanding its parts and supplies offerings in response to customer demand for comprehensive solutions [2][3] - The integration of Duro Dyne and Supco is expected to enhance Lennox's distribution capabilities and broaden its product portfolio, positioning the company to deliver greater value throughout the customer journey, from equipment and installation to service and preventative maintenance [4] Market Position - Lennox is recognized as a leader in energy-efficient climate control solutions, committed to sustainability and creating healthier environments for its customers [4] - The company offers a wide range of products, including cooling, heating, indoor air quality, and refrigeration systems, along with HVAC parts and services that support the full lifecycle of customer needs [4]

Core Insights - The acquisition of Duro Dyne and Supco enhances Lennox's ability to provide comprehensive lifecycle solutions for HVAC customers, reinforcing its position as a one-stop partner in the industry [1] - Duro Dyne is recognized as a leading manufacturer of critical HVAC/R components, while Supco specializes in high-performing, technician-focused HVAC/R parts, thus expanding Lennox's product offerings [1] - The acquisition is anticipated to close in the fourth quarter of 2025, pending regulatory approvals [2] Company Overview - Lennox is a leader in energy-efficient climate-control solutions, focusing on sustainability and creating comfortable environments for both residential and commercial customers [3] - The company emphasizes innovation in cooling, heating, indoor air quality, and refrigeration systems [3]

Core Insights - Lennox has appointed Tracy Embree to its board of directors, effective May 22, 2025, bringing significant experience from her previous role as President of Otis Americas [1][2] - The board believes Ms. Embree's background in industrial strategy, emerging technologies, and sustainable solutions will enhance Lennox's strategic growth initiatives [2] - Ms. Embree has a strong history in complex manufacturing environments and has held various leadership roles, including a 23-year tenure at Cummins Inc. [3] Company Background - Lennox is a leader in energy-efficient climate-control solutions, focusing on sustainability and reducing carbon footprints for residential and commercial customers [5] - The company is recognized for its innovation in cooling, heating, indoor air quality, and refrigeration systems [5] Educational Background - Tracy Embree holds a bachelor's degree in chemical engineering from the Massachusetts Institute of Technology and an MBA from Harvard Business School [4]