Watts Water Technologies: Initiation Of Coverage – These Are The 4 Biggest Challenges In Its Path! 

Watts Water Technologies, Inc. delivered a strong-second quarter performance for 2024, with record sales, adjusted operating income, and earnings per share. The results were boosted by better-than-expected organic sales in the Americas and APMEA regions, although partly offset by weaker sales in Europe. The company’s ability to manage inventory and productivity effectively contributed to the positive financial results. However, challenges such as project timing and volume deleverage, particularly in Europe, had some adverse impacts.