Noticias y eventos de Watts Water Technologies Inc (WTS)WTSWatts Water Technologies Inc

Western Digital and SanDisk Shares Plunge as Market Awaits Employment Data

Stock futures are mixed Thursday after another round of technology earnings sparked renewed selling in software and semiconductor stocks, while investors continue to monitor developments in the Middle East and look ahead to key labor market data.Technology remains under pressure despite generally solid quarterly results, highlighting investors' increasingly demanding expectations. Shares of Western Digital and Sandisk are falling sharply in premarket trading after their earnings and forward guidance failed to satisfy elevated expectations tied to artificial intelligence demand. The weakness has spread across the semiconductor sector. Software stocks are also retreating following disappointing earnings reactions from several enterprise software companies, reinforcing concerns that valuations across parts of the AI ecosystem remain stretched.Investors are also watching developments surrounding SpaceX as the company's first post-IPO lockup period expires, making a significant number of previously restricted shares eligible for sale. While the stock has remained relatively resilient, the expiration could increase trading volatility as insiders gain the ability to sell shares.Economic data remains a central focus ahead of Friday's July employment report. Markets remain divided over the Federal Reserve's next policy move, with incoming employment data expected to play an important role in shaping expectations for interest rates over the coming months.Investors are monitoring reports of progress toward a potential agreement involving Iran and shipping through the Strait of Hormuz, which has helped keep oil prices relatively contained even as uncertainty persists. Meanwhile, gold has climbed as investors seek defensive assets amid mixed economic signals and ongoing geopolitical risks.In pre-market trading, S&P 500 futures rose 0.13%, Nasdaq futures fell 0.60% and Dow futures rose 0.25%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Modernaup 2% after announcing that the FDA has approved mFlusiva, a new vaccine against seasonal influenza, for use in all adults 50 years and olderUP AFTER EARNINGS -SiTimeup 27%Watts Waterup 4%Warner Bros. Discoveryup 1%Conoco Phillipsup 1%Keurig Dr Pepperup 1%Airbnbup 1%DOWN AFTER EARNINGS -AppLovindown 18%Datadogdown 15%Western Digitaldown 15%Figmadown 14%Fiservdown 12%Pelotondown 12%Zillowdown 12%SanDiskdown 9%Warby Parkerdown 8%TripAdvisordown 7%

Watts Reports Q1 Revenue of $677.3M, Beating Expectations

Reports Q1 revenue $677.3M, consensus $635.14M. Chief Executive Officer Robert J. Pagano Jr. said, "We delivered a strong start to 2026, with organic growth across all regions and record first quarter net sales, operating income, operating margin and EPS. This is a direct result of the strong execution by the Watts team, and I would like to thank our employees who have remained diligent and focused on delivering quality and value to our customers."

Company Maintains Full Year Sales Growth Outlook

The Company is maintaining its previous full year outlook. Sales growth is expected to range from up 8% to up 12% on a reported basis and up 2% to up 6% on an organic basis. Full year operating margin is expected to be between 18.8% and 19.4%, or up 40 basis points to up 100 basis points, and adjusted operating margin is expected to be between 19.1% and 19.7%, or down 50 basis points to up 10 basis points. The full year outlook assumes the Middle East conflict is short term and incorporates estimated tariff impacts and actions as of May 6, 2026 but does not include potential tariff refunds.