Exhibit 99.1




Timothy M. MacPhee



Treasurer, VP — Investor Relations




(978) 689-6201




(978) 794-0353




·                  Reported record sales of $408 million, up 8%


·                  Organic sales growth +5%, foreign exchange +3%


·                  2Q operating margin of 12.8%; up 100 bps on GAAP basis, up 30 bps on adjusted basis


·                  Record EPS of $1.05, up 33% on GAAP basis, up 27% on adjusted basis


·                  Raising full year 2018 organic sales growth outlook


North Andover, MA…August 1, 2018. 

Watts Water Technologies, Inc. (NYSE: WTS) today announced second quarter 2018 results.


Commenting on operating results, Chief Executive Officer Robert J. Pagano Jr., said, “We continued to drive strong top-line growth and productivity during the quarter, especially in the Americas.  This enabled us to deliver record sales, adjusted operating margin and EPS.  For the first half of 2018, we delivered 5% organic growth, double digit earnings growth and strong operating margin.  We are raising our full year organic sales growth outlook given results to date and our prospects for the second half of 2018.”


Sales during the second quarter of $408 million increased 8% compared to the same period in 2017. Second quarter net income per diluted share (EPS) on both a GAAP and adjusted basis was $1.05, as compared to $0.79 on a GAAP basis and $0.83 on an adjusted basis for the prior-year period.   EPS improved due to volume and productivity, a lower effective tax rate, lower non-operating expense and favorable foreign exchange.  A summary of second quarter financial results is as follows:


The following information was filed by Watts Water Technologies Inc (WTS) on Wednesday, August 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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