Watts Water Technologies: Nexa Intelligent Water Management Expansion to Position Itself As A Leader In Smart Water Management Solutions!

Watts Water Technologies reported strong second-quarter results, reflecting robust execution amidst challenges, with record highs in sales, operating income, and earnings per share. The company saw an organic sales increase of 6%, driven by favorable pricing and demand, despite ongoing European market weaknesses. This outcome was further supported by contributions from recent acquisitions and positive foreign exchange rates. The adjusted operating margin surpassed expectations at 21.6% due to an advantageous price/cost dynamic, productivity improvements, and cost containment measures.