Watts Water Technologies, Inc. (WTS): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

Headquartered in North Andover, MA, Watts Water Technologies, Inc. WTS designs, manufactures and sells various water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets. The company reports its business under three geographic segments: Americas, EMEA and Asia Pacific.

Watts Water classifies its wide range of products under four universal product lines

Residential & commercial flow control products (61% of total sales in 2013) includes products typically sold into plumbing and hot water applications such as backflow preventers, water pressure regulators, temperature and pressure relief valves, and thermostatic mixing valves.

HVAC (heating, ventilation and air conditioning) & gas products (24%) includes hydronic and electric heating systems for under-floor radiant applications, hydronic pump groups for boiler manufacturers and alternative energy control packages, and flexible stainless steel connectors for natural and liquid propane gas in commercial food service and residential applications.

Drains & water re-use products (10%) includes drainage products and engineered rain water harvesting solutions for commercial, industrial, marine and residential applications.

Water quality products (5%) includes point-of-use and point-of-entry water filtration, conditioning and scale prevention systems for both commercial and residential applications.

These products are sold to wholesale distributors (64%), major do-it-yourself (DIY) chains (13%) and original equipment manufacturers (OEMs) (23%).