Watts Water Technologies (WTS) Financials

Watts Water Technologies Inc (WTS) is a leading global manufacturer of plumbing, heating, and water quality products and solutions. The company's financial performance is reflected in its income statement, which provides a summary of its revenues, expenses, and profitability. In the most recent fiscal year, WTS reported total revenues of $1.5 billion, representing a 3% increase compared to the previous year. The company's gross profit for the same period was $532 million, resulting in a gross margin of 35.5%.

WTS's earnings before interest and taxes (EBIT) amounted to $185 million, while its EBITDA reached $221 million. These metrics are indicators of the company's operating profitability and financial health. WTS's net income from stockholders was reported at $107 million, reflecting its after-tax profitability. The company's balance sheet shows a strong financial position, with total assets of $1.8 billion and total liabilities of $1.2 billion. WTS has a stockholders' equity of $616 million, demonstrating its net worth and ability to generate value for its investors.

In terms of cash flow, WTS reported a positive operating cash flow of $157 million in the last fiscal year. This indicates the company's ability to generate cash from its core business operations. WTS also had positive financing cash flow of $13 million, primarily driven by proceeds from debt issuance. The company's investing cash flow was negative at $22 million, mainly due to capital expenditures and acquisitions. As a result, WTS's free cash flow was $134 million, which reflects the amount of cash available for investment or distribution to shareholders.

WTS maintains a prudent financial strategy with limited debt exposure. The company has a net debt of $116 million, which represents its total debt minus cash equivalents. This shows that WTS has sufficient liquidity to meet its financial obligations. The company's cash equivalents, including cash and short-term investments, amounted to $143 million, further supporting its financial flexibility.

In conclusion, Watts Water Technologies Inc (WTS) has demonstrated solid financial performance, with increasing revenues and profitability. The company's strong balance sheet, positive cash flow, and prudent financial management contribute to its overall financial stability. WTS remains committed to delivering innovative products and solutions while creating long-term value for its stakeholders.