Watts Water Technologies Q2 2023 Earnings Conference Call

Watts Water Technologies reported Q2 2023 results with record adjusted operating margins of 19.5% and raised full-year guidance despite challenging year-over-year comparisons. The company demonstrated solid execution with flat organic sales growth, strong free cash flow, and successful integration of Enware. Market headwinds include softening European macroeconomics and rising interest rates, while strength persists in Americas non-residential and institutional segments.