What does europe — restructuring charges mean?

Costs incurred to reorganize or downsize operations in the European segment.

How do you interpret europe — restructuring charges?

Higher charges indicate active operational transformation, which may signal future cost savings but immediate profit pressure.

How does europe — restructuring charges compare across companies?

Commonly found in 'Restructuring and Impairment' line items; peers often report these as non-recurring items.

Watts Water Technologies, Inc. WTS Europe — Restructuring Charges

Discontinued — last reported Q2 '23

Similar metrics at other companies

ENSEurope — Restructuring Charges

$4.41M+421%

BWAEurope — Restructuring expense, net

$19M—

ALVEurope — Restructuring Charges

$2.5M-50.0%

SNXEurope — Restructuring costs

$5.54M+286%

MTDWestern European Operations Segment — Restructuring Charges

$1.3M-24.6%

ATIEurope — Restructuring and other charges (credits)

$11.3M—

Other financials

Income statement

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Revenue$677.3M+21.4%

Gross profit$326.1M+19.7%

Operating income$133.0M+51.7%

Net income$99.6M+34.6%

EPS (diluted)$2.97+34.4%

Balance sheet

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Cash & equivalents$374.7M+11.3%

Total debt$197.8M+0.3%

Total equity$2.1B+18.3%

Total assets$2.9B+17.6%

Cash flow

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Operating cash flow$17.9M-67.6%

CapEx$11.3M+17.7%

Free cash flow$6.6M-85.5%

Valuation

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Market cap$11.48B+42.5%

Enterprise value$11.31B+42.8%

P/E31.3×+3.8×

P/S4.5×+0.9×

Profitability

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Gross margin49.2%+1.6pp

Operating margin19.3%+2.3pp

Net margin14.3%+1.3pp

FCF margin12.4%-2.6pp

Returns & leverage

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Return on equity18.9%+1.3pp

Debt / equity0.1×0.0×

Current ratio2.7×+0.3×

Where this comes from

Reported directly by Watts Water Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Watts Water Technologies, Inc.’s 10-Q, filed August 3, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Watts Water Technologies, Inc.'s europe — restructuring charges?: Watts Water Technologies, Inc. (WTS) reported europe — restructuring charges of $900K in Q2 2023.
What does europe — restructuring charges mean?: Costs incurred to reorganize or downsize operations in the European segment.
How do you interpret europe — restructuring charges?: Higher charges indicate active operational transformation, which may signal future cost savings but immediate profit pressure.
How does europe — restructuring charges compare across companies?: Commonly found in 'Restructuring and Impairment' line items; peers often report these as non-recurring items.