Mission Statement, Vision, & Core Values of Watts Water Technologies, Inc. (WTS)

Have you ever wondered what drives a company like Watts Water Technologies, Inc., a global leader in plumbing, heating, and water quality solutions? Their mission, vision, and core values are the foundation of their operations. In 2024, the company generated $2.25 billion in revenue, marking a 9.53% increase year-over-year, but what principles guide their path to success and continued growth?

Understanding these guiding principles can offer insight into how Watts Water Technologies navigates the complexities of the water technology industry. How do these values translate into their daily operations and long-term strategies? Let's explore the mission, vision, and core values that shape Watts Water Technologies.

Watts Water Technologies, Inc. (WTS) An Overview of

Watts Water Technologies, Inc. (WTS), established in 1874, has evolved into a prominent manufacturer of products that manage and conserve the flow of water and energy. The company focuses on plumbing, heating, and water quality solutions for residential, commercial, and industrial applications. Its diverse product range includes backflow preventers, water pressure regulators, mixing valves, and drainage products, addressing critical needs in water safety and conservation.

As of April 2025, Watts Water Technologies continues to serve a global market, providing essential components for water and energy management. The company's commitment to innovation and sustainability positions it as a key player in addressing contemporary challenges related to water scarcity and energy efficiency. For more in-depth information, you can explore Watts Water Technologies, Inc. (WTS): History, Ownership, Mission, How It Works & Makes Money.

In 2024, Watts Water Technologies demonstrated strong financial performance, marked by record-breaking revenue and significant growth in key markets. The company's success can be attributed to strategic investments in product development and market expansion, which have strengthened its competitive position. Specific highlights from the latest financial reports include:

• Record Revenue: Achieved an all-time high in annual revenue, driven by robust demand across its product lines.
• Growth in Key Markets: Experienced substantial growth in North America, Europe, and Asia-Pacific, reflecting the effectiveness of its global market strategy.
• Main Product Sales: Noted significant contributions from its core products, including backflow preventers and mixing valves, which continue to be in high demand.

Watts Water Technologies has solidified its position as a leader in the water technology industry through its long-standing history, innovative product offerings, and strong financial performance. To further understand the factors driving the company's success, explore its mission, vision, and core values. These elements provide critical insights into the strategic direction and operational philosophy that underpin Watts Water Technologies' achievements and ongoing growth.

Watts Water Technologies, Inc. (WTS) Mission Statement

The mission of Watts Water Technologies, Inc. (WTS) is to improve the comfort, safety, and quality of life for people around the world through our expertise in a wide range of water technologies.

Watts Water Technologies, Inc., founded in 1874, is a global manufacturer headquartered in North Andover, Massachusetts. They supply water quality and safety products, operating across plumbing, heating, water quality, and prevention segments.

The company emphasizes sustainability and is dedicated to:

• Providing high-quality products, systems, and solutions for the conveyance, conservation, control, and safe use of water.
• Increasing energy efficiencies and reducing waste within their offices and manufacturing facilities.
• Reducing their absolute carbon emissions by 30% by 2024.
• Reducing global water usage at their facilities by over 100 million liters over the past 10 years.

The company's mission is supported by a commitment to environmental stewardship, reflected in their goal to minimize their global operations' environmental footprint while enhancing the health, wellness, and safety of employees and customers.

Watts Water Technologies focuses on delivering advanced water technology solutions, including:

• Engineered water solutions across residential, commercial, and industrial sectors.
• Product development targeting water safety, efficiency, and sustainability.

In 2022, Watts Water Technologies had net sales of $1.87 billion, with a global workforce of approximately 4,700 employees. The company invested $42.3 million in research and development (R&D) in 2022 and launched 17 distinct water technology solutions.

The company operates in over 30 countries with approximately 5,500 employees worldwide. In 2024, Watts Water Technologies reported the following:

• Sales of $540 million for the fourth quarter, a 1% decrease on a reported basis and a 5% decrease organically.
• Full-year sales of $2.25 billion, a 10% increase on a reported basis but a 1% decrease organically.
• Operating cash flow of $361 million and free cash flow of $332 million, representing increases of 16% and 18%, respectively.

The company's vision is to be the global leader in providing innovative, high-quality products, systems, and solutions for the conveyance, conservation, control, and safe use of water through a focus on customers, innovation, and continuous improvement.

Watts Water Technologies embraces several core values:

• Integrity: Doing the right thing always and treating others with respect.
• Ownership: Acting like an owner, taking initiative, and striving for excellence.
• Continuous Improvement and Innovation: Maintaining a customer focus and improving every day.
• Transparency: Demonstrating candor and openly sharing information.

These values are integrated into the company's operations and guide its interactions with employees, customers, and shareholders. Watts Water Technologies is committed to attracting, developing, and promoting talented individuals who contribute to the company's success.

The company emphasizes safety and aims to prevent occupational injuries and illnesses. A safe and secure work environment, free from illegal drugs and violence, is a priority.

Watts Water Technologies is dedicated to ethical business practices and complies with all laws pertaining to fair employment, freedom of association, and the prohibition of forced, compulsory, and child labor.

The company's commitment to sustainability is demonstrated through various initiatives, including:

• Reducing carbon emissions.
• Developing water-efficient products.
• Implementing sustainable manufacturing practices.

In 2022, 73% of their product line was water-efficient, and sustainable manufacturing practices were implemented across 6 global facilities.

For more insights into the company's investor profile, you can read this blog post: Exploring Watts Water Technologies, Inc. (WTS) Investor Profile: Who’s Buying and Why?

Watts Water Technologies, Inc. (WTS) Vision Statement of

Watts Water Technologies, Inc. focuses on plumbing, heating, and water quality solutions. Understanding the company's mission, vision, and core values provides insight into its strategic direction and operational priorities. This chapter analyzes these elements to offer a comprehensive view of Watts Water Technologies' guiding principles as of April 2025.

Here's an overview of Watts Water Technologies, Inc. and its key data points based on its 2024 fiscal year:

• Net Sales: $2.14 billion
• Adjusted Operating Margin: 16.4%
• Adjusted EPS: $7.97
• Free Cash Flow: $207 million

Mission Statement

While Watts Water Technologies doesn't have a single, explicitly published mission statement, their actions and communications suggest a clear purpose. Their mission can be inferred from their focus on providing innovative and sustainable water solutions for residential, commercial, and industrial applications. This includes:

• Improving water quality and safety.
• Enhancing the comfort and health of people.
• Conserving water and energy.

Vision

Although Watts Water Technologies doesn't publicly state a formal vision statement, insights into their long-term goals can be gathered from their strategic initiatives and corporate communications. Their vision appears to be centered around becoming a global leader in providing comprehensive water solutions, recognized for innovation, sustainability, and customer satisfaction. Key aspects of this vision likely include:

• Global Leadership: Expanding their presence and market share in key regions worldwide.
• Innovation: Developing cutting-edge technologies and solutions that address evolving customer needs.
• Sustainability: Promoting environmentally responsible practices and products.
• Customer Satisfaction: Building strong, long-term relationships with customers by delivering exceptional value and service.

Core Values

Watts Water Technologies' core values are evident in their approach to business and their commitment to stakeholders. These values likely include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Innovation: Embracing creativity and continuous improvement to develop better solutions.
• Customer Focus: Putting the needs of customers first and striving to exceed their expectations.
• Teamwork: Collaborating effectively to achieve common goals and foster a positive work environment.
• Sustainability: Protecting the environment and promoting responsible use of resources.

In Fiscal Year 2024, Watts Water Technologies demonstrated their commitment to these values through various initiatives, including:

• Investing in research and development to create more efficient and sustainable products.
• Implementing programs to reduce their environmental footprint.
• Supporting local communities through charitable contributions and volunteer efforts.

For more information about Watts Water Technologies, Inc., you can visit: Watts Water Technologies, Inc. (WTS): History, Ownership, Mission, How It Works & Makes Money

Watts Water Technologies, Inc. (WTS) Core Values of

While direct mentions of 'core values' in the traditional sense are less prominent in recent reports, Watts Water Technologies, Inc. (WTS) emphasizes several key principles through its actions and strategic priorities. These can be inferred from their focus on innovation, sustainability, customer satisfaction, and employee empowerment. These inferred values drive their operations and strategic initiatives.

Innovation:

Innovation is central to Watts Water Technologies, Inc. (WTS)'s growth strategy. Watts Water Technologies, Inc. (WTS) demonstrates its commitment to innovation through consistent investment in research and development. For example, in 2024, Watts Water Technologies, Inc. (WTS) allocated a significant portion of its operating income, $74.1 million, to engineering and product development, reflecting its dedication to staying at the forefront of technological advancements. This investment supports the development of new products and solutions that address evolving customer needs and market demands. Watts Water Technologies, Inc. (WTS) secured 71 patents in 2024, highlighting its focus on innovation and intellectual property. This is a crucial part of maintaining a competitive edge.

Watts Water Technologies, Inc. (WTS)'s focus on innovation is further demonstrated by:

• The introduction of smart and connected products that improve efficiency and performance.
• The development of sustainable solutions that reduce environmental impact.
• The application of new technologies to enhance existing product lines.

Sustainability:

Watts Water Technologies, Inc. (WTS) integrates sustainability into its business practices, focusing on environmental stewardship and social responsibility. Watts Water Technologies, Inc. (WTS) shows its dedication to sustainability through initiatives aimed at reducing its environmental footprint and promoting responsible resource management. Watts Water Technologies, Inc. (WTS) has set specific goals for reducing greenhouse gas emissions, water usage, and waste generation. Watts Water Technologies, Inc. (WTS) is committed to reducing its Scope 1 and 2 greenhouse gas emissions by 30% by 2030 from a 2021 base year. Watts Water Technologies, Inc. (WTS) aims to have 100% of its new products assessed using its Product Sustainability Assessment (PSA) tool by 2025.

Examples of Watts Water Technologies, Inc. (WTS)'s sustainability efforts include:

• Developing water-efficient products that help customers conserve water.
• Implementing energy-efficient manufacturing processes to reduce energy consumption.
• Using sustainable materials in its products and packaging.

Customer Satisfaction:

Customer satisfaction is a priority for Watts Water Technologies, Inc. (WTS), demonstrated by its efforts to provide high-quality products and services that meet customer needs. Watts Water Technologies, Inc. (WTS) consistently invests in customer support and training programs to ensure that customers have the resources they need to succeed. Watts Water Technologies, Inc. (WTS) also actively seeks customer feedback to improve its products and services. Watts Water Technologies, Inc. (WTS) emphasizes building strong, long-term relationships with its customers by:

• Providing customized solutions to meet specific customer requirements.
• Offering technical support and training to help customers use its products effectively.
• Responding quickly and efficiently to customer inquiries and concerns.

Employee Empowerment:

Watts Water Technologies, Inc. (WTS) recognizes the importance of its employees and is committed to creating a positive and inclusive work environment. Watts Water Technologies, Inc. (WTS) fosters employee empowerment through programs that promote professional development, teamwork, and recognition. Watts Water Technologies, Inc. (WTS) provides opportunities for employees to enhance their skills and advance their careers. Watts Water Technologies, Inc. (WTS) is dedicated to promoting diversity and inclusion within its workforce, with a focus on creating equal opportunities for all employees. Watts Water Technologies, Inc. (WTS) supports various initiatives aimed at:

• Promoting employee health and well-being.
• Encouraging employee involvement in community service.
• Recognizing and rewarding employee contributions.

For more insights into Watts Water Technologies, Inc. (WTS) and its investors, check out: Exploring Watts Water Technologies, Inc. (WTS) Investor Profile: Who’s Buying and Why?