Watts Water Technologies, Inc. (NYSE:WTS) Q2 2024 Earnings Call August 8, 2024 9:00 AM ET

Company Participants

Diane McClintock - Senior Vice President, FP&A and Investor Relations
Bob Pagano - President and Chief Executive Officer
Shashank Patel - Chief Financial Officer

Conference Call Participants

Ryan Connors - Northcoast Research
Jeff Hammond - KeyBanc Capital Markets
Nathan Jones - Stifel
Mike Halloran - Baird
Joe Giordano - TD Cowen
Walter Liptak - Seaport Research Partners

Operator

Welcome to the Watts Water Technologies, Inc. Second Quarter 2024 Earnings Call hosted by Bob Pagano, President and CEO; Shashank Patel, CFO; and Diane McClintock, Senior Vice President, FP&A and Investor Relations. At the end of the presentation, we will open the line for questions.

I will now turn the call over to Diane McClintock.

Diane McClintock

Thank you, and good morning, everyone. Welcome to our Second quarter earnings conference call. Joining me today are Bob Pagano, President and CEO; and Shashank Patel, our CFO.

During today’s call, Bob will provide an overview of the second quarter and discuss the current state of our markets and our operations. Shashank will discuss the details of our second quarter performance and provide our outlook for the third quarter and for the full year. Following our remarks, we will address questions related to the information covered during the call.

Today’s webcast is accompanied by a presentation, which can be found in the Investor Relations section of our website. We will reference this presentation throughout our prepared remarks. Any reference to non-GAAP financial information is reconciled in the appendix to this presentation.

I’d like to remind everyone that during this call we may be making certain comments that constitute forward-looking statements. These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially. For information concerning these risks, see Watts’ publicly available filings with the SEC. The company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

With that, I will turn the call over to Bob.

Bob Pagano

Thank you, Diane, and good morning, everyone. Please turn to Slide 3, and I’ll provide an overview of the second quarter. Our second quarter results were better than expected, including record sales, adjusted operating income and earnings per share. I’d like to extend my gratitude to the entire Watts team for their dedication to serving our customers worldwide and delivering another record quarter.