Cramer Urges Investors to Stay Long on Watts Water After Strong Quarter
The building-systems maker beat Q2 estimates and raised its full-year outlook that factors in tariff impacts.
Overview
- On television, Jim Cramer told a caller Watts Water should be owned rather than traded, saying, "Stay long."
- On August 6, the company reported Q2 non-GAAP EPS of $3.09 and revenue of $643.7 million, topping estimates by $0.46 and $30 million.
- Management raised its 2025 outlook to reported sales growth of 2%–5% and organic growth from flat to 3%, with operating margin of 17.2%–17.8% and adjusted margin of 18.2%–18.8%.
- The guidance incorporates estimated tariff effects and related actions disclosed at the time.
- Insider Monkey’s write-up of the segment also directs readers to a promoted report touting select AI stocks as offering greater upside.