WATTS WATER TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 21, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| · · Page | |||
|---|---|---|---|
| PART I. · · | |||
| Item 1. | | BUSINESS | 3 |
| Item 1A. | | RISK FACTORS | 17 |
| Item 1B. | | UNRESOLVED STAFF COMMENTS | 26 |
| Item 1C. | | CYBERSECURITY | 27 |
| Item 2. | | PROPERTIES | 28 |
| Item 3. | | LEGAL PROCEEDINGS | 29 |
| Item 4. | | MINE SAFETY DISCLOSURES | 29 |
| · | |||
| PART II | | | |
| Item 5. | | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES | 30 |
| Item 6. | | [RESERVED] | 31 |
| Item 7. | | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 32 |
| Item 7A. | | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 46 |
| Item 8. | | FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 46 |
| Item 9. | | CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 47 |
| Item 9A. | | CONTROLS AND PROCEDURES | 47 |
| Item 9B. | | OTHER INFORMATION | 48 |
| Item 9C. | | DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 48 |
| · | |||
| PART III | | | |
| Item 10. | | DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 48 |
| Item 11. | | EXECUTIVE COMPENSATION | 48 |
| Item 12. | | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS | 49 |
| Item 13. | | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 49 |
| Item 14. | | PRINCIPAL ACCOUNTANT FEES AND SERVICES | 49 |
| · | |||
| PART IV | | | |
| Item 15. | | EXHIBITS, FINANCIAL STATEMENT SCHEDULES | 50 |
| | | | |
| EXHIBIT INDEX | | | 94 |
| SIGNATURES | 97 | ||
This Annual Report on Form 10-K contains statements that are not historical facts and are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of our future results of operations or our financial position or state other forward-looking information. In some cases, you can identify these forward-looking statements by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. You should not rely on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, some of which are beyond our control. These risks, uncertainties and other factors may cause our actual results, performance or achievements to differ materially from the anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Some of the factors that might cause these differences are described under Item 1A—“Risk Factors.” You should carefully review all of these factors, and you should be aware that there may be other factors that could cause these differences. These forward-looking statements were based on information, plans and estimates at the date of this report, and, except as required by law, we undertake no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.