Filing Flows › Watts Water Technologies (WTS) › Q2 2026
Watts Water Technologies (WTS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Watts Water Technologies (WTS) reported revenue of $763M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +13% from the quarter before. Operating margin was 20.2%, net earnings $118M (15.5% of revenue).
Watts Water Technologies, Q2 2026: revenue $763M (+19% year over year), operating margin 20.2%, net earnings $118M, operating cash flow $103M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $763M | +13% | +19% |
| Gross profit | $374M | +15% | +15% |
| Operating profit | $154M | +16% | +14% |
| Net earnings | $118M | +19% | +17% |
| Operating cash flow | $103M | +475% | +48% |
| Free cash flow | $91.6M | 14× | +54% |
What changed
Revenue was $763.2M in Q2 2026, up 19% year over year and up 13% from the previous quarter. Flow control and Protection was the largest line at 62% of revenue. Flow control and Protection added $77.0M year over year (up 20%), 64% of the total change.
Gross margin was 49.0%, down 1.6 points from Q2 2025. Operating profit was $154.0M, a 20.2% margin (down 0.8 points year over year). Of the extra revenue versus Q2 2025, 16% reached operating profit, below the 21% margin then. Operating expenses grew 15% against revenue growth of 19%. Net earnings were $118.3M, up 17% year over year. The effective tax rate was 23.0%.
Operating cash flow was $102.9M (up 48% year over year), 87% of net earnings. Non-cash charges added back $15.8M of depreciation and amortization and $8.3M of share-based compensation. Working capital and other items used $39.5M. Capital expenditures of $11.3M left free cash flow of $91.6M.
Questions
What was Watts Water Technologies' revenue in the second quarter 2026?
Watts Water Technologies (WTS) reported revenue of $763M for the second quarter 2026 (Q2 2026), +19% from a year earlier and +13% from the quarter before.
Was Watts Water Technologies profitable in the second quarter 2026?
Operating profit was $154M (20.2% of revenue) and net earnings $118M.