沃茨水工业 2024年度报告

Corporate Profile Watts Water Technologies, Inc. is a global manufacturer headquartered in theUnited States that provides one of the broadest plumbing, heating, and waterquality portfolios in the world serving commercial, residential, and industrialapplications. Watts’ solutions are centered around safety and regulation,water conservation, and energy efficiency. Watts has a global presencewith approximately 4,800 employees serving the Americas, Europe, andAsia-Pacific, Middle East, and Africa (APMEA) markets. Historical Performance Our Mission Toimprove comfort,safety,andquality of life for people around theworld through our expertise in a widerange of water technologies. To bethe best in the eyes of our employees,customers, and shareholders. To Our Shareholders 2024 was a landmark year for us: we celebratedthecompany’s 150th anniversary and achievedanother year of record results. We continued toperform well in a challenging market environmentanddelivered outstanding performance as wefocusedon our customers,drove productivitythrough the One Watts Performance System, andexecuted on our growth initiatives, including digitaltransformation and accretive acquisitions. Wesuccessfully integrated our acquisitions ofBradleyCorporation and Josam Company intoour portfolio. Both brands increased our exposure [VOPNOS`ZWLJPÄLKUVUYLZPKLU[PHSTHYRL[ZPU[OL(TLYPJHZPUJS\KPUNH[[YHJ[P]LPUZ[P[\[PVUHSTHYRL[Z>LJVU[PU\LK[VL_LJ\[L VU V\Y 4( Z[YH[LN` ^P[O [OL HJX\PZP[PVU VM 0*65 :`Z[LTZ PU LHYS` 1HU\HY`  ^OPJO UV[ VUS` WYV]PKLZNYV^[OVWWVY[\UP[PLZPU[OLJVYYLJ[PVUHSMHJPSP[PLZUPJOLVM[OLPUZ[P[\[PVUHSTHYRL[I\[HSZVL_WHUKZV\YKPNP[HSVќLYPUNZ >LTHKLNYLH[Z[YPKLZPUV\YVUNVPUNKPNP[HS[YHUZMVYTH[PVU^P[O[OLSH\UJOVM5L_HV\YPU[LSSPNLU[^H[LYTHUHNLTLU[ZVS\[PVU5L_H \UPX\LS` PU[LNYH[LZ ZLUZPUN OHYK^HYL ZTHY[ JVUULJ[LK LX\PWTLU[ H SLNHJ` VM WS\TIPUN HUK O`KYVUPJZ Z`Z[LTZL_WLY[PZL HUK J\[[PUNLKNL ZVM[^HYL PU[V H WV^LYM\S VќLYPUN MVY J\Z[VTLYZ PU [OL JVTTLYJPHS I\PSKPUN ZWHJL 5L_H HSZVYLWYLZLU[ZHWP]V[HSZ[LWPUV\YSVUN[LYTNVHS[VI\PSKUL^I\ZPULZZTVKLSZNLHYLK[V^HYKZZLY]PJLZHUKYLJ\YYPUNYL]LU\L ;OLWYVVMVMV\YZ\JJLZZPZPU[OLU\TILYZ0UYLWVY[LKZHSLZPUJYLHZLKI`[VHYLJVYK IPSSPVU(KQ\Z[LK,)0;+(YVZL[VHYLJVYK TPSSPVU^P[OHUHKQ\Z[LK,)0;+(THYNPUVM\WIHZPZWVPU[ZMYVT[OLWYPVY`LHYKLZWP[LHJX\PZP[PVUKPS\[PVUVMIHZPZWVPU[Z(KQ\Z[LKLHYUPUNZWLYZOHYLPUJYLHZLK[VHYLJVYK-YLLJHZOÅV^PTWYV]LK[VHYLJVYK TPSSPVU^P[OMYLLJHZOÅV^JVU]LYZPVUVM (Z ^L SVVR MVY^HYK ^L L_WLJ[ [V JVU[PU\L KLSP]LYPUN PUUV]H[P]L ^H[LY [LJOUVSVN` ZVS\[PVUZ WP]V[PUN [V NYV^[Oopportunities, capitalizing on secular trends, and strategically deploying assets. Just as important, we remain committed[VWVZP[PVUPUN>H[[Z»JVZ[Z[Y\J[\YLMVYSVUN[LYTWYVÄ[HIPSP[`HUKTHPU[HPUPUNHZ[YVUNIHSHUJLZOLL[ 6\Y I\ZPULZZ ILULÄ[Z MYVT HSPNUTLU[ [V SVUN[LYT ZLJ\SHY NYV^[O [YLUKZ PUJS\KPUN ZHML[` HUK YLN\SH[PVU LULYN`LѝJPLUJ`HUK^H[LYJVUZLY]H[PVU>LOH]LIYVHKL_WVZ\YL[VJVTTLYJPHSYLZPKLU[PHSHUKSPNO[PUK\Z[YPHSJVUZ[Y\J[PVUTHYRL[Z" HU L_WHUZP]L WYVK\J[ WVY[MVSPV [OH[ KP]LYZPÄLZ V\Y THYRL[ L_WVZ\YL" H Z[YVUN NSVIHS MVV[WYPU[" HUK H YVI\Z[repair and replacement business. While Watts has a proven track record of resilience over the course of many decades,it is crucial that we continue investing in strategic initiatives to drive growth and strengthen our market leadershipWVZP[PVU ;OPZ PUJS\KLZ L_WHUKPUN PU RL` NYV^[O Z\I]LY[PJHSZ SH\UJOPUN UL^ WYVK\J[Z HUK ZVS\[PVUZ HUK L_LJ\[PUNV\YKPNP[HSZ[YH[LN`>L^PSSJVU[PU\L[VMVJ\ZVUPUUV]H[PVUHUKWYVÄ[HISLNYV^[OPUHUKIL`VUKHZ^LKYP]L]HS\Lcreation for our customers and shareholders. Thank you for your support, both in the past and years to come. We look forward to updating you on our continued progress. Sincerely, Photos 1-5!4LTILYZVM[OL.SVIHS3LHKLYZOPW;LHTQVPULKLTWSV`LLZHYV\UK[OLNSVIL[Vcommemorate the company’s 150th(UUP]LYZHY`^P[OPUKP]PK\HSZP[LJLSLIYH[PVUZ 6!*,6)VI7HNHUVHUK+PYLJ[VY,TLYP[\Z;PT/VYULJLSLIYH[L[OLth(UUP]LYZHY`^P[OJHRLHUKHWHY[`H[>H[[Z»NSVIHSOLHKX\HY[LYZPU5VY[O(UKV]LY4( 7-8!;VOVUVY[OLHUUP]LYZHY`VM LTWSV`LLZ^LSJVTLKSVJHSÄYZ[YLZWVUKLYZ[VV\YNSVIHSheadquarters and treated them to lunch. 9-10! *VSSLHN\LZ HJYVZZ [OL NSVIL JLSLIYH[LK >H[[Z 7PUR MVY H +H` I` ^LHYPUN WPUR [V YHPZLMVYIYLHZ[JHUJLYYLZLHYJO 11-14!(ZWHY[VM[OLPUH\N\YHS@LHYVM[OL>H[[Z*HYLZ*VTT\UP[`.P]PUN7YVNYHTJVSSLHN\LZÄSSLKIHJRWHJRZ^P[OZJOVVSsupplies for the local Boys & Girls Club, removed two tons of trash from a local waterway, and participated in several environmentalcleanups in the areas surrounding our facilities. Employees volunteered more than 5,0