Watts Water Technologies reports strong cash flow and acquisition-driven growth

Watts Water Technologies reported 2011 free cash flow of $106.3 million, a 164% cash conversion rate, marking the fourth consecutive year free cash flow exceeded net income. The company highlighted contributions from the Socla acquisition and organic growth in North American and European HVAC and plumbing markets.

“2011 free cash flow of $106.3 million represented a 164% cash conversion rate of free cash flow to net income from continuing operations. 2011 is the fourth consecutive year that free cash flow has exceeded net income.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.