Watts Water(US:WTS)2022-02-10 14:33Financial Performance - Full year 2021 sales reached $1809 million, with organic growth of 17%[28] - Adjusted operating margin for full year 2021 was 143%, an increase of 140 bps[28] - Adjusted EPS for full year 2021 increased by 42% to $552[28] - Q4 2021 sales were $4739 million, an increase of 18% organically[19] - Adjusted operating profit in Americas increased by 13% to approximately $52 million in Q4 2021[26] - Europe's adjusted operating profit increased by 25% to approximately $21 million in Q4 2021[26] - APMEA's adjusted operating profit increased by 9% to approximately $4 million in Q4 2021[26] Smart & Connected Products - In 2021, the company incrementally invested $9 million in the development and support of smart & connected products[13] - Smart & connected products accounted for 16% of consolidated sales in 2021[13] - The company is aiming for 25% revenue from smart & connected products by 2023[13] 2022 Outlook - The company anticipates organic growth of 3% to 8% for full year 2022[33] - The company expects an adjusted operating margin between 143% and 147% for full year 2022[33]