Filing Flows › Watts Water Technologies (WTS) › Q3 2026
Watts Water Technologies (WTS) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Watts Water Technologies (WTS) reported revenue of $728M for the third quarter 2026 (Q3 2026), +19% from a year earlier and -5% from the quarter before. Operating margin was 26.2%, net earnings $145M (20.0% of revenue).
Watts Water Technologies, Q3 2026: revenue $728M (+19% year over year), operating margin 26.2%, net earnings $145M, operating cash flow $158M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $728M | -5% | +19% |
| Gross profit | $401M | +7% | +34% |
| Operating profit | $191M | +24% | +71% |
| Net earnings | $145M | +23% | +77% |
| Operating cash flow | $158M | +54% | +29% |
| Free cash flow | $132M | +44% | +19% |
What changed
Revenue was $728.0M in Q3 2026, up 19% year over year and down 5% from the previous quarter. Flow control and Protection was the largest line at 61% of revenue. Flow control and Protection added $67.2M year over year (up 18%), 58% of the total change.
Gross margin was 55.1%, up 6.3 points from Q3 2025. Operating profit was $190.8M, a 26.2% margin (up 8.0 points year over year). Of the extra revenue versus Q3 2025, 68% reached operating profit, above the 18% margin then. Operating expenses grew 12% against revenue growth of 19%. Net earnings were $145.4M, up 77% year over year. The effective tax rate was 24.2%.
Operating cash flow was $158.1M (up 29% year over year), 109% of net earnings. Non-cash charges added back $16.3M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items used $11.1M. Capital expenditures of $26.2M left free cash flow of $131.9M.
Questions
What was Watts Water Technologies' revenue in the third quarter 2026?
Watts Water Technologies (WTS) reported revenue of $728M for the third quarter 2026 (Q3 2026), +19% from a year earlier and -5% from the quarter before.
Was Watts Water Technologies profitable in the third quarter 2026?
Operating profit was $191M (26.2% of revenue) and net earnings $145M.