Watts Water(WTS) - 2024 Q3 - Quarterly Results

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Diane McClintock SVP FP&A & Investor Relations email:investorrelations@wattswater.com WATTS WATER TECHNOLOGIES REPORTS THIRD QUARTER 2024 RESULTS ◾ Reported sales of $544 million increased 8%; organic sales down 4% ◾ Reported operating margin of 17.1%, down 20 bps; adjusted operating margin of 17.1%, down 90 bps ◾ Reported EPS of$ 2.06, up 5%; adjusted EPS of $2.03, compared to$ 2.04 in prior year ◾ Raising midpoint of full-year 2024 operating margin outlook ◾ Ann ...