Watts Water Technologies: Data Centers Driving Growth, Europe Is Recovering (Rating Upgrade)
Watts Water Technologies reported that its data center revenues tripled year-over-year, now representing 8% of FY2026 sales, and its European segment returned to organic growth with margin expansion and limited disruption from product rationalization. The company raised its FY2026 guidance amid these trends.
Why it matters — WTS watchers would care because surging data center sales and renewed European recovery are key drivers behind the company's raised outlook.