Watts Water Technologies Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.40B | $1.47B | $1.51B | $1.47B | $1.43B | $1.41B | $1.27B |
| Cost of Revenue | $854.3M | $832.8M | $914.6M | $971.9M | $947.0M | $913.9M | $899.0M | $809.7M |
| Gross Profit | $602.4M | $565.6M | $553.1M | $541.8M | $526.5M | $513.5M | $508.4M | $464.9M |
| Gross Margin | 41.4% | 40.4% | 37.7% | 35.8% | 35.7% | 36.0% | 36.1% | 36.5% |
| Operating Expenses | ||||||||
| Research & Development | $29.0M | $26.5M | $23.5M | $22.5M | $21.5M | $20.4M | $20.5M | $18.6M |
| SG&A Expense | $432.3M | $424.1M | $491.3M | $407.0M | $405.1M | $382.6M | $371.5M | $336.7M |
| Operating Income | $162.3M | $145.0M | $-90.1M | $105.4M | $111.5M | $123.3M | $133.5M | $114.2M |
| Operating Margin | 11.1% | 10.4% | -6.1% | 7.0% | 7.6% | 8.6% | 9.5% | 9.0% |
| Interest Expense | $19.1M | $22.6M | $24.3M | $19.9M | $21.5M | $24.6M | $25.8M | $22.8M |
| Pretax Income | $143.1M | $127.8M | $-111.0M | $83.1M | $87.8M | $100.2M | $107.9M | $94.5M |
| Income Tax Expense | $70.0M | $43.6M | $1.9M | $32.8M | $26.9M | $29.8M | $30.7M | $31.4M |
| Net Income | $73.1M | $84.2M | $-112.9M | $50.3M | $58.6M | $68.4M | $66.4M | $58.8M |
| Net Margin | 5.0% | 6.0% | -7.7% | 3.3% | 4.0% | 4.8% | 4.7% | 4.6% |
| EPS (Basic) | $2.12 | $2.45 | $-3.24 | $1.42 | $1.65 | $1.90 | $1.78 | $1.58 |
| EPS (Diluted) | $2.12 | $2.44 | $-3.24 | $1.42 | $1.65 | $1.90 | $1.78 | $1.57 |
| Shares Outstanding (Basic) | 34.4M | 34.4M | 34.9M | 35.3M | 35.5M | 36.0M | 37.3M | 37.3M |
| Shares Outstanding (Diluted) | 34.4M | 34.5M | 34.9M | 35.4M | 35.6M | 36.1M | 37.5M | 37.4M |
| Dividends Per Share | $0.75 | $0.71 | $0.66 | $0.58 | $0.50 | $0.44 | $0.44 | $0.44 |