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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

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As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

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Stock to Watch: Huntington Ingalls (HII - Free Report) Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.

HII is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.49; value investors should take notice.

Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.04 to $17.29 per share. HII boasts an average earnings surprise of +10.6%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, HII should be on investors' short list.

When President Donald Trump first proposed that the U.S. Navy build a fleet of battleships, military analysts were skeptical. Although optimists predicted U.S. contractors might be able to build the lead ship of the class, USS Defiant, for as little as $9 billion, the defense and security experts at Janes thought $14 billion was more likely.

Turns out, they were both wrong -- Defiant will cost $17 billion.

And building 15 Defiant-class warships might cost U.S. taxpayers an incredible $255 billion.

Image source: U.S. Navy.

Military math Actually, that's probably an overstatement, albeit an easy mistake to make. Working off defense analyst reports that the first Defiant would cost $17 billion, media outlets such as MSN.com consulted their calculators last week and concluded that 15 times $17 billion equals the entire fleet costing $255 billion.

It's not quite that simple.

According to the Department of Defense's fiscal year 2027 budget estimates, the U.S. Navy has requested $1 billion in fiscal 2027 to fund long-lead equipment acquisition needed to build the first Defiant-class vessel. Similar long-lead equipment purchases for the second and third vessels will total $2.5 billion, running from fiscal 2028 through 2031.

Those are just the down payments, however. A further $16.5 billion must be spent to complete the first Defiant-class warship in fiscal 2028, followed by $12.5 billion for the second (in 2030) and $11 billion for the third (in 2031).

Thus, the total money spent to build the first three Golden Battleships comes to $43.5 billion, or approximately $14.5 billion per battleship -- roughly the same amount it costs to build a Ford-class aircraft carrier -- and as more ships are built at prices below that of the very first ship, the average cost should slowly drift lower.

What it means for investors Best case, we're still probably talking about more than $200 billion in total spending to build a fleet of 15 nuclear battleships. (Did I not mention that? In an evolution of earlier plans, it appears the Navy has shifted its wish list and now wants the Defiant-class battleships to run on uranium rather than diesel.)

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$200 billion is still a lot of money, though. Plus, if you're an investor in either General Dynamics (GD +0.32%) or Huntington Ingalls (HII 0.95%), the two big defense contractors most likely to win battleship contracts, it's worth keeping in mind that purchase cost is just the start of the revenue opportunity. Defiant-class battleships may ultimately cost more to maintain and upgrade over their lifespans than it costs to buy them in the first place.

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At the same time, so long as these companies stick to the budgets the Navy gives them, the fact that a battleship will cost no more than an aircraft carrier and that costs will fall over time should give this weapons program a fighting chance of surviving Congress long enough for the fleet to be built.

With both General Dynamics and Huntington Ingalls trading around 21 times earnings and facing a big revenue opportunity ahead of them, it may be time to give these two defense stocks a closer look.

May 21, 2026 09:00 ET  | Source: HII

NEWPORT NEWS, Va., May 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will participate in Bernstein’s Strategic Decisions Conference on May 28. A conversation with HII President and Chief Executive Officer Chris Kastner will begin at 9 a.m. Eastern time and will be webcast on ir.hii.com.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Christie Thomas (Investors)
[email protected]
757-380-2104

PASCAGOULA, Miss., May 22, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division will host an on-site hiring event for experienced trade workers from 8 a.m. to noon, Saturday, June 6, at the Ingalls Maritime Training Academy, 1000 Jerry St. Pé Highway, Pascagoula.

“Meeting the U.S. Navy’s critical shipbuilding needs begins with a highly skilled workforce, and there has never been a better time to join the Ingalls team,” said Susan Jacobs, Ingalls Shipbuilding vice president of human resources. “With shipbuilding contracts extending years into the future, we are expanding our workforce and looking for experienced trades professionals who want to help build the finest ships in the country and grow their careers.”

Attendees will have the opportunity to meet directly with hiring managers, learn more about careers at Ingalls, and qualified applicants may receive contingent job offers on-site. Candidates are encouraged to bring a resume and any relevant certifications.

A photo and video accompanying this release is available at: http://hii.com/news/ingalls-shipbuilding-to-host-on-site-skilled-trades-hiring-event-june-6/.

Ingalls offers competitive weekly pay, with experienced trades earning more than $75,000 annually, plus holiday pay, medical plan options and access to financial wellness and career support services. In March, the company implemented an 18% base wage increase for all union‑represented crafts, including new hires. These benefits provide competitive pay, stability and opportunities for career growth.

Ingalls is hiring experienced trades in the following areas:

Electricians Pipe Insulators Inside Machinists Pipe Welders Joiners Sheetmetal Outside Machinists Shipfitters Painters Structural Welders Pipefitters     Registration is now open, and candidates can sign up at https://www.eventbrite.com/e/ingalls-shipbuilding-experienced-hiring-event-tickets-1989399378093?aff=oddtdtcreator&keep_tld=true

With more than 11,000 employees, Ingalls Shipbuilding is Mississippi’s largest manufacturing employer and a key part of the Gulf Coast economy. For 87 years, Ingalls Shipbuilding has designed, built, and maintained the Navy’s surface combatants and amphibious ships. Today the team is constructing three classes of ships, modernizing the Zumwalt class and supporting the Navy’s Golden Fleet strategy. Ingalls was recently awarded to perform FF(X) class frigate lead yard support activities, further expanding its portfolio of work.

For more information or to view entry-level openings, visit hii.com/careers and select Ingalls Shipbuilding.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:

Kimberly K. Aguillard
[email protected]
228-355-5663

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/db0d300f-d92f-4e3a-a734-027e96d909e1

Huntington Ingalls Industries, Inc. (HII) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

MCLEAN, Va., June 01, 2026 (GLOBE NEWSWIRE) -- Statement by Andy Green, executive vice president of HII and president of HII’s Mission Technologies division, on the U.S. Navy’s selection of HII’s ROMULUS Unmanned Surface Vessel to advance to the at-sea testing phase of the Medium Unmanned Surface Vessel (MUSV) program:

“HII is proud that ROMULUS USV has advanced to the U.S. Navy’s Medium Unmanned Surface Vessel evaluation phase, a milestone that reflects HII’s longstanding track record for delivering mission-ready autonomous capabilities that support the U.S. Navy’s evolving operational requirements.

“At the core of the ROMULUS USV is HII’s extensive experience as a global leader in autonomous unmanned maritime systems, combined with HII’s Odyssey Autonomous Control Solutions, a proven autonomy software suite and a key differentiator of our solution. Demonstrated across programs supporting the U.S. Navy, U.S. Marine Corps, U.S. Coast Guard, and allied partners, Odyssey enables intuitive command and control of autonomous platforms and swarms across domains, enhancing fleet lethality, survivability, and operational effectiveness.

A photo accompanying this news release is available at https://www.hii.com/newsroom

“ROMULUS brings together advanced autonomy, scalable platform design, and efficient manufacturing in a production-ready solution engineered to meet the demands of distributed maritime operations and integrated manned-unmanned teaming. Its endurance, flexibility, and payload capacity provide the operational versatility required for future naval missions.

“We appreciate the U.S. Navy’s confidence in ROMULUS and look forward to demonstrating the platform’s maturity, reliability, and operational effectiveness in support of the service’s vision for autonomous maritime operations.”

About HII’s Odyssey Advanced Autonomy Solutions®
HII’s Odyssey Autonomous Control Solutions (ACS) is currently deployed on REMUS unmanned underwater vehicles (UUVs) and ROMULUS unmanned surface vessel (USV) platforms in 30 countries, transforming vehicles into intelligent robotic systems. Through flexible vehicle-, module-, and algorithm-level implementations across diverse platforms, sensors, payloads, and mission profiles, Odyssey Advanced Autonomy Solutions deliver multi-vehicle collaborative autonomy, sensor fusion, and advanced perception capabilities.

About the ROMULUS Unmanned Surface Vessel
The ROMULUS family of Unmanned Surface Vessels is designed to meet the current and emerging requirements of the U.S. Navy, U.S. Marine Corps, joint forces, and allies. They deliver high-endurance, sustained open-ocean autonomy with a focus on lethality, cost, efficiency and scalability.

The ROMULUS family of USVs will support missions including intelligence, surveillance, and reconnaissance; counter-unmanned air systems; mine countermeasures; strike; and the launch and recovery of unmanned underwater vehicles and unmanned aerial vehicles (UAV).

Paired with HII’s REMUS UUVs, ROMULUS extends undersea reach and supports a scalable dual-domain force package built for distributed maritime operations.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world. With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii

Contact:
Greg McCarthy
(202) 264-7126
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca1499be-90fb-4016-8cd5-8f01eb5c9785

NEWPORT NEWS, Va., June 03, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division is welcoming more than 50 graduating high school seniors to shipbuilding careers through an innovative outreach program coordinated with 14 schools across Virginia.

Workforce Attraction Via Experienced Shipbuilders, known as WAVES, embeds experienced skilled tradespeople from NNS into high schools that offer technical career education curriculums. These shipbuilders, known as scouts, visit the school at least once a month, where they build trusted relationships with career counselors and engage with students to provide mentorship, tutoring support and information on HII career opportunities.

“WAVES bridges the gap between education and hands-on experience, equipping students with knowledge, confidence, and connections needed to excel in their chosen fields,” said Xavier Beale, NNS vice president of human resources. “Through personalized guidance and partnerships, we are building the next generation of skilled professionals and we’re thrilled to have these students join our powerful mission at Newport News Shipbuilding.”

Photos accompanying this release are available at https://www.hii.com/newsroom.

NNS hosted its first ‘Welcoming Ceremony’ Wednesday for students recruited through WAVES mentorships who have accepted offers of employment with the company. The event recognized the students’ accomplishments and offered an introduction to the shipyard and their new teammates.

For more information about careers at Newport News Shipbuilding, visit hii.com/careers.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:

Todd Corillo
[email protected]
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d6461f2f-f73b-4eed-a898-4e5556ccd563

President Trump came into office (the first time) calling for the construction of a 355-ship battle force for the U.S. Navy. A decade later, the actual "battle force" strength is just 291 ships. That's an improvement from the 275 ships in the fleet when he entered office in 2016.

But it's not good enough.

It's not even technically legal, as the just-released U.S. Navy 30-Year Shipbuilding Plan points out. By law, the Navy requires a fleet of 355 ships. What's more, the plan laments: "Over the past two decades, the shipbuilding budget has doubled, yet we have no more ships now than in 2003. This is a persistent problem."

But as part of the president's call for a $1.5 trillion defense budget, this plan proposes to fix it.

Image source: Getty Images.

A high-low mix for the high seas Over the course of 60 pages, the plan describes how the Navy will rebuild itself, slowly, toward the goal of a 355-ship fleet, spending heavily on the high end for robust weapons platforms such as aircraft carriers, submarines, and battleships, while expanding its global presence at the low end with less capable but more numerous and budget-friendly frigates and littoral combat ships -- and supplementing all this with unmanned vehicles -- i.e., sea drones.

Aiming to curb cost overruns and prevent construction delays, the Navy proposes a whole-of-industry approach to boosting ship production rates. Rising from 10% today, 50% of future shipbuilding will be done not just at a handful of legacy shipyards, but distributed among sites all around the country. These sites will build modules for later assembly into whole ships at the big shipyards.

Facilities will be upgraded, production increased, and new workforces trained in shipbuilding. "Cutting-edge AI tools" will be leveraged to accelerate construction through more efficient scheduling.

Working on the assumption these efforts will succeed, the Navy has laid out a 30-year plan describing not only the battle fleet ships (i.e., warships) it intends to build but also auxiliary ships and unmanned vessels of medium size or above, yielding what is now called the "combined total naval vessel force."

What's the plan? Looking out 30 years, it's immediately clear that there are issues with the Navy's plan -- first and foremost, the fact that, because of scheduled ship retirements, the battle force won't reach 355 ships before 2040!

Indeed, today's battle force will actually shrink a bit next year and not start growing before 2029.

Data source: U.S. Navy.

The good news is that once the build-up is under way and gaining momentum, the Navy should chart a course to far more than 355 ships. Ultimately, the goal is to approach 400 ships by the end of the 30-year plan.

This goal seems realistic, too. Although a sizable 37% increase over 30 years, the Navy's only looking to build about a dozen ships per year, which seems manageable.

Who will build all these ships? Which companies are most likely to benefit from this expansion of the combined total naval vessel force? That's hard to say.

A lot can change in 30 years, and today's forecasts for fleet needs in 2056 could be obsolete as technologies evolve and sea drones or even entire drone aircraft carriers, for example, become increasingly important in defense. In future decades, we could see one or more of these crewed ship types replaced by uncrewed surface and uncrewed underwater vessels (USVs and UUVs).

It's easier to forecast near-future trends. So let's take a quick look at the Navy's shipbuilding plans for just the next five years:

Data source: U.S. Navy.

A couple of points demand clarification here. First, you may notice that if you add the numbers up left to right, they... don't seem to tally correctly in the final "FYDP" column. That's because FYDP refers to "future years" of shipbuilding, as in 2027 and beyond. Add up only the 2027-through-2031 numbers, and the tally is 75 crewed warships and 47 uncrewed vessels.

The second point, less important to investors but still important for context: As new vessels are added to the fleet, older vessels are constantly aging out and being retired. So the Navy Battle Force will grow a little over the next five years -- just not by 122 ships.

Now, how much will this all cost, and which defense contractors should you invest in to profit from it? Here's the Navy's official estimate for these same five years:

Data source: U.S. Navy.

Again, focus on the FYDP column for total Navy shipbuilding spending on the Battle Force over the next five years. What you see here is $268.1 billion in spending. That covers just the Battle Force ships, for which General Dynamics (GD +0.32%) and Huntington Ingalls (HII 0.95%) are the primary builders.

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A few vessels -- AS(X) submarine tenders and T-AGOS spy ships, for example -- may be built by smaller shipyards, and I'd expect that a fair number of the MUSVs mentioned in the above chart will as well. Likewise, 47 support ships, including hospital ships, fireboats, tankers, and landing craft, are planned, raising the Navy's investment to $305.7 billion over the next five years.

Data source: U.S. Navy.

That figure represents a huge windfall of future business for U.S. shipbuilders. Even if General Dynamics and Huntington Ingalls don't build literally all the ships the Navy is asking for, I still think they're your best bet to invest in a bigger U.S. Navy.

Old National Bancorp (NASDAQ: ONB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company.

March 31, 2026 15:00 ET  | Source: Old National Bancorp

EVANSVILLE, Ind., March 31, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp (“Old National”), the holding company of Old National Bank, today announced the following schedule for its first-quarter earnings release and conference call:

Earnings Release:  Wednesday, April 22, 2026, at approximately 7:00 A.M. ET

Conference Call:    Wednesday, April 22, 2026, at 10:00 A.M. ET

Dial-in Numbers:    U.S. (800) 715-9871; International: (646) 307-1963; Access code 9394540

Webcast:                 Via Old National’s Investor Relations website at oldnational.com

Webcast Replay:    Available approximately one hour after completion of the call, until midnight ET on April 22, 2027, via Old National’s Investor Relations website at oldnational.com

Telephone Replay: U.S. (800) 770-2030; International: (609) 800-9909; Access code 9394540. The replay will be available approximately one hour after completion of the call until midnight ET on May 6, 2026

ABOUT OLD NATIONAL
Old National Bancorp is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" - an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]

Media Relations:
Rick Jillson
(812) 465-7267
[email protected]

Posted by Defense World Staff on Apr 15th, 2026

Old National Bancorp (NASDAQ:ONB – Get Free Report) will likely be posting its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect Old National Bancorp to post earnings of $0.61 per share and revenue of $706.6220 million for the quarter. Interested persons may review the information on the company’s upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 22, 2026 at 10:00 AM ET.

Old National Bancorp (NASDAQ:ONB – Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. Old National Bancorp had a net margin of 17.91% and a return on equity of 10.75%. The business had revenue of $698.53 million for the quarter, compared to analyst estimates of $705.62 million. During the same period last year, the firm earned $0.49 earnings per share. On average, analysts expect Old National Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Old National Bancorp Price Performance ONB stock opened at $23.44 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.86. Old National Bancorp has a 12 month low of $18.83 and a 12 month high of $26.17. The firm has a market cap of $9.06 billion, a P/E ratio of 13.10 and a beta of 0.83. The company’s 50-day moving average price is $23.20 and its two-hundred day moving average price is $22.48.

Old National Bancorp Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Saturday, May 16th. Shareholders of record on Tuesday, May 5th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 5th. Old National Bancorp’s dividend payout ratio (DPR) is currently 32.40%.

Analysts Set New Price Targets Several equities analysts have commented on ONB shares. Truist Financial raised their target price on shares of Old National Bancorp from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, January 26th. UBS Group restated a “neutral” rating and issued a $26.00 price target on shares of Old National Bancorp in a research note on Wednesday, February 4th. Citigroup raised their price target on shares of Old National Bancorp from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada raised their price target on shares of Old National Bancorp from $25.00 to $26.00 and gave the company a “sector perform” rating in a research note on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Old National Bancorp in a research report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Get Our Latest Stock Analysis on Old National Bancorp

Insider Transactions at Old National Bancorp In other Old National Bancorp news, insider Nicholas J. Chulos sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $25.05, for a total transaction of $751,500.00. Following the completion of the transaction, the insider owned 20,438 shares in the company, valued at approximately $511,971.90. This trade represents a 59.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.72% of the company’s stock.

Institutional Trading of Old National Bancorp Several hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its stake in Old National Bancorp by 69.8% during the 4th quarter. Morgan Stanley now owns 6,776,716 shares of the bank’s stock valued at $151,189,000 after purchasing an additional 2,785,474 shares in the last quarter. First Trust Advisors LP increased its stake in Old National Bancorp by 37.5% during the 4th quarter. First Trust Advisors LP now owns 7,188,766 shares of the bank’s stock valued at $160,381,000 after purchasing an additional 1,961,525 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in Old National Bancorp by 2,942.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,743,757 shares of the bank’s stock valued at $38,903,000 after purchasing an additional 1,686,442 shares in the last quarter. Verition Fund Management LLC increased its stake in Old National Bancorp by 51.3% during the 3rd quarter. Verition Fund Management LLC now owns 3,156,744 shares of the bank’s stock valued at $69,291,000 after purchasing an additional 1,070,282 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Old National Bancorp during the 4th quarter valued at $22,977,000. Institutional investors own 83.66% of the company’s stock.

About Old National Bancorp (Get Free Report)

Old National Bancorp (NASDAQ: ONB) is the bank holding company for Old National Bank, a regional financial services firm headquartered in Evansville, Indiana. Through its network of community banking offices, the company provides a full range of commercial and consumer banking services. Its offerings include checking and savings accounts, personal and business loans, and deposit products designed to meet the needs of individuals, small businesses, and larger corporate customers.

In addition to traditional banking, Old National Bancorp delivers specialty financial services such as treasury management, wealth management, mortgage loan production, and insurance solutions.

Further Reading Five stocks we like better than Old National Bancorp

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EVANSVILLE, Ind., April 20, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (“Old National” or the “Company”) has released its 2025 Community Action Report, which uses impactful storytelling, metrics, and photography to showcase Old National’s commitment to community investment, exceptional client service, team member and community engagement, sustainability, strong governance and ethics, and more.

“Throughout 2025, Old National team members strengthened our communities, supported small businesses, advanced affordable housing, and showed up in record numbers to serve others,” said Kathy Schoettlin, Old National’s Chief Communications, Culture & Social Responsibility Officer. “That impact is a direct reflection of who we are – a regional bank with community bank DNA, grounded in relationships, committed to understanding our clients’ needs, and leading with purpose in every market we serve.”

The 2025 Community Action Report includes more details about:

Old National’s commitment to clients, with a special emphasis on programs and products that address the needs of traditionally underserved individuals and communities.How Old National strengthened and served its communities in 2025, including $13.6 million in total grants and scholarships to more than 2,100 organizations, and more than 67,000 hours of volunteer time donated by team members.The robust learning and development resources Old National provides to engage team members and foster a culture of belonging and connection.Old National’s commitment to strong Risk Management and Corporate Governance. Old National’s 2025 Community Action Report can be found at oldnational.com/about-us/community. The publication includes Old National’s 2025 SASB (Sustainability Accounting Standards Board) Index, which provides industry-specific standards that assist companies in disclosing financially material sustainability information to investors.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the sixth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $72 billion of assets and $37 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" -- an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected] 

Media Relations:
Rick Vach
(904) 535-9489
[email protected] 

Old National Bancorp (ONB - Free Report) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.6 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.11%. A quarter ago, it was expected that this holding company for Old National Bank would post earnings of $0.59 per share when it actually produced earnings of $0.62, delivering a surprise of +5.08%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Old National Bancorp, which belongs to the Zacks Banks - Midwest industry, posted revenues of $702.77 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.29%. This compares to year-ago revenues of $486.8 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Old National Bancorp shares have added about 6.5% since the beginning of the year versus the S&P 500's gain of 3.2%.

What's Next for Old National Bancorp?While Old National Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Old National Bancorp was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.63 on $715.5 million in revenues for the coming quarter and $2.58 on $2.89 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, First Financial Bancorp (FFBC - Free Report) , has yet to report results for the quarter ended March 2026. The results are expected to be released on April 23.

This holding company for First Financial Bank is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +12.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

First Financial Bancorp's revenues are expected to be $259.5 million, up 28.7% from the year-ago quarter.

Old National Bancorp delivered solid Q1 results, with strong credit quality and no signs of economic slowdown across its Midwest and Southeast footprint. ONB achieved 8% annualized loan growth and a record $5.5B commercial pipeline, while deposits grew 4.2% annualized and deposit costs declined. The bank posted a record efficiency ratio of 45.7%, strong return metrics, and manageable asset quality, though net interest margin compressed by 10 bps to 3.55%.

EVANSVILLE, Ind., May 13, 2026 (GLOBE NEWSWIRE) -- Old National Bancorp (the “Company” or “Old National”) today announced that its Board of Directors declared a quarterly cash dividend of $0.145 per share on the Company’s outstanding shares of common stock. This quarterly cash dividend will be payable on June 15, 2026, to shareholders of record as of the close of business on June 5, 2026.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40th interest per share) on Old National’s 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: ONBPP) and Series C (NASDAQ: ONBPO). The dividends are payable on August 20, 2026, to shareholders of record as of the close of business on August 5, 2026.

ABOUT OLD NATIONAL
Old National Bancorp is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of "The Civic 50" - an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]

Media Relations:
Rick Jillson
(812) 465-7267
[email protected]

EVANSVILLE, Ind., June 11, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bank, a wholly-owned banking subsidiary of Old National Bancorp (“Old National”), has been awarded Bauer Financials’ 5-Star “Superior” rating, the highest distinction for financial strength and stability.

Bauer Financial, Inc., (“Bauer Financial”) is the nation’s leading independent bank rating firm whose 5-Star “Superior” rating recognizes institutions with exceptional financial performance, and are considered among the strongest in the country.

“This recognition reinforces the disciplined way we manage our business and the trust our clients place in us each and every day,” said Jim Ryan, Chairman and CEO of Old National. “We remain focused on long-term strength, prudent risk management, and consistently delivering value for our clients and communities. We are proud to be recognized as one of the nation’s strongest financial institutions.”

Old National’s performance reflects a long-standing commitment to cultivating relationships, disciplined lending, and steady, consistent growth across the Midwest and Southeast. Bauer Financial’s ratings are designed to help consumers understand the overall financial condition of banks and credit unions.

Old National’s financial strength supports its ongoing work with individuals, families, and businesses across the communities it serves.

ABOUT OLD NATIONAL
Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $73 billion of assets and $39 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

Investor Relations:
Lynell Durchholz
(812) 464-1366
[email protected]

Media Relations:
Rick Vach
(904) 535-9489
[email protected]

NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies Named to USA Today America's Climate Leaders List for Fourth Consecutive Year.

Wall Street expects a year-over-year increase in earnings on higher revenues when Watts Water (WTS - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 6, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis maker of valves for plumbing, heating and water needs is expected to post quarterly earnings of $2.72 per share in its upcoming report, which represents a year-over-year change of +14.8%.

Revenues are expected to be $632.09 million, up 13.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.99% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Watts Water?For Watts Water, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.50%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Watts Water will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Watts Water would post earnings of $2.36 per share when it actually produced earnings of $2.62, delivering a surprise of +11.02%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Watts Water doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the first quarter of 2026.

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.”

Mr. Pagano continued, “We are actively managing through geopolitical and trade-related uncertainties while advancing our strategic priorities. We continue to invest in higher-growth opportunities, including data centers and digital solutions, and are driving productivity through automation to support efficiency and margin performance through the One Watts Performance System. While we are pleased with our strong performance to start the year, the macro environment remains dynamic. As a result, we are maintaining our full year 2026 outlook. Our proven operating model and execution track record position us well, and supported by a strong balance sheet and solid cash flow generation, we remain focused on disciplined capital allocation and delivering sustainable long-term value.”

A summary of first quarter financial results is as follows:

First Quarter Ended

March 29,

March 30,

(In millions, except per share information)

2026

2025

% Change

Net sales

$

677.3

$

558.0

21

%

Organic sales growth % (1)

12

%

Operating income

$

133.0

$

87.7

52

%

Operating margin %

19.6

%

15.7

%

390

bps

Adjusted operating income (1)

$

135.9

$

106.1

28

%

Adjusted operating margin % (1)

20.1

%

19.0

%

110

bps

Diluted earnings per share

$

2.97

$

2.21

34

%

Special items (1)

0.07

0.16

Adjusted diluted earnings per share (1)

$

3.04

$

2.37

28

%

First Quarter Financial Highlights
First quarter 2026 performance compared to first quarter 2025

Sales of $677 million increased 21% on a reported basis and 12% on an organic basis. Organic sales increased primarily due to favorable price and incremental volume driven by data center growth. Incremental acquisition sales within the Americas and APMEA were $37 million and contributed 7% to reported growth. Favorable foreign exchange increased reported sales by $16 million, or 3%.

Operating margin increased 390 basis points on a reported basis and 110 basis points on an adjusted basis. Operating and adjusted operating margin increased primarily due to favorable price, productivity and volume leverage which more than offset inflation, investments, tariffs and acquisition dilution. Operating margin was favorably impacted by a decrease in restructuring charges, partially offset by higher acquisition-related charges.

Regional Performance

Americas
Sales of $515 million increased 23% on a reported basis and 16% on an organic basis, primarily due to favorable price and incremental volume driven by data center growth. Acquisitions contributed $31 million of incremental sales, or 7%, to reported growth.

Segment margin increased 80 basis points as benefits from price realization, productivity, and volume leverage more than offset inflation, tariffs and acquisition dilution.

Europe
Sales of $121 million increased 12% on a reported basis and 1% on an organic basis. Reported sales growth benefitted from favorable foreign exchange, which increased reported sales by 11%. Organic sales increased primarily from favorable price, which offset a slight decline in volume.

Segment margin decreased 20 basis points as benefits from price realization, productivity, and restructuring actions were more than offset by inflation and volume deleverage.

APMEA
Sales of $41 million increased 29% on a reported basis and 3% on an organic basis, as growth in China, Australia and New Zealand offset a decline in the Middle East. Acquisition sales contributed $6 million, or 19%, and favorable foreign exchange contributed 7% to reported sales growth.

Segment margin increased 120 basis points as trade sales volume leverage, productivity and acquisition accretion more than offset inflation and affiliate volume deleverage.

Cash Flow and Capital Allocation

For the first quarter of 2026, operating cash flow was $18 million and net capital expenditures were $11 million, resulting in free cash flow of $7 million. In the comparable period last year, operating cash flow was $55 million and net capital expenditures were $9 million, resulting in free cash flow of $46 million. Free cash flow declined due to increased capital investments and elevated working capital levels which more than offset higher net income. Working capital increases were due to higher accounts receivable attributable to higher net sales, higher inventory due to incremental tariffs and strategic inventory investments to support expected end-market demand, and higher annual customer rebates due to higher net sales and timing of payments. Sequential increases in free cash flow are expected throughout 2026 as we monetize working capital with the seasonality of the business.

On May 4, 2026, the Company announced a 21% increase in quarterly dividend payments, increasing the quarterly payments from $0.52 per share to $0.63 per share beginning in June 2026.

The Company repurchased approximately 13,000 shares of Class A common stock at a cost of $3.8 million during the first quarter of 2026. Approximately $125 million remains available under the stock repurchase program authorized in 2023. There is no expiration date for this program.

Full Year 2026 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.

Further 2026 planning assumptions are included in the first quarter earnings materials posted in the Investor Relations section of our website at www.watts.com.

For a reconciliation of GAAP to non-GAAP items and a statement regarding the usefulness of these measures to investors and management in evaluating our operating performance, please see the tables attached to this press release.

Watts Water Technologies, Inc. will hold a live webcast of its conference call to discuss first quarter 2026 results on Thursday, May 7, 2026 at 9:00 a.m. EST. This press release and the live webcast can be accessed by visiting the Investor Relations section of the Company's website at www.watts.com. Following the webcast, the call recording will be available at the same address until May 6, 2027.

Watts Water Technologies, Inc., through its subsidiaries, is a world leader in the manufacturing of innovative products to control the efficiency, safety, and quality of water within residential, commercial, and institutional applications. Watts’ expertise in a wide variety of water technologies enables us to be a comprehensive supplier to the water industry.

This press release includes “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, including statements relating to expected full year 2026 financial results, including sales and organic sales growth, operating margin and adjusted operating margin, future dividends, improvements in operating and free cash flow throughout 2026, our strategy, investments, the impact of tariffs and any potential tariff refunds due to invalidation of tariffs imposed under the International Emergency Economic Powers Act, the benefits from and integration of recent acquisitions, our ability to manage uncertainty and current market conditions, including the fluid trade environment, our portfolio offerings, long-term growth and shareholder value creation and return of capital to stockholders. These forward-looking statements reflect our current views about future events. You should not rely on forward-looking statements because our actual results may differ materially from those predicted as a result of a number of potential risks and uncertainties. These potential risks and uncertainties include, but are not limited to: the imposition of or changes to tariff rates and related impacts to our business and the broader market; the effectiveness, timing and expected savings associated with our cost-cutting actions, restructuring and initiatives; integration of acquired businesses in a timely and cost-effective manner, retention of supplier and customer relationships and key employees, and the ability to achieve synergies and cost savings in the amounts and within the time frames currently anticipated; current economic and financial conditions, which can affect the housing and construction markets where our products are sold, manufactured and marketed; shortages in and pricing of raw materials and supplies; our ability to compete effectively; changes in variable interest rates on our borrowings; inflation; failure to expand our markets through acquisitions; failure to successfully develop and introduce new product offerings or enhancements to existing products; failure to manufacture products that meet required performance and safety standards; foreign exchange rate fluctuations; cyclicality of industries where we market our products, such as plumbing and heating wholesalers and home improvement retailers; environmental compliance costs; product liability risks and costs; changes in the status of current litigation; the impacts and duration of the Middle East conflict, the war in Ukraine and other global crises; supply chain and logistical disruptions or labor shortages and workforce disruptions that could negatively affect our supply chain, manufacturing, distribution, or other business processes; and other risks and uncertainties discussed under the heading “Item 1A. Risk Factors” and in Note 17 of the Notes to the Consolidated Financial Statements in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”).We undertake no duty to update the information contained in this press release, except as required by law.

WATTS WATER TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in millions, except per share information)

(Unaudited)

First Quarter Ended

March 29,

March 30,

2026

2025

Net sales

$

677.3

$

558.0

Cost of goods sold

351.2

285.5

GROSS PROFIT

326.1

272.5

Selling, general and administrative expenses

192.9

167.5

Restructuring

0.2

17.3

OPERATING INCOME

133.0

87.7

Other (income) expense:

Interest income

(1.7

)

(2.3

)

Interest expense

2.6

2.7

Other expense, net

0.7

0.4

Total other expense

1.6

0.8

INCOME BEFORE INCOME TAXES

131.4

86.9

Provision for income taxes

31.8

12.9

NET INCOME

$

99.6

$

74.0

BASIC EPS

NET INCOME PER SHARE

$

2.97

$

2.21

Weighted average number of shares

33.5

33.5

DILUTED EPS

NET INCOME PER SHARE

$

2.97

$

2.21

Weighted average number of shares

33.5

33.5

Dividends declared per share

$

0.52

$

0.43

WATTS WATER TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Amounts in millions, except share information)

(Unaudited)

March 29,

December 31,

2026

2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

374.7

$

405.5

Trade accounts receivable, less reserve allowances of $15.1 million at March 29, 2026 and
$12.5 million at December 31, 2025

374.4

294.0

Inventories, net:

Raw materials

208.5

190.8

Work in process

28.1

28.5

Finished goods

306.5

305.0

Total Inventories

543.1

524.3

Prepaid expenses and other current assets

55.9

62.3

Total Current Assets

1,348.1

1,286.1

PROPERTY, PLANT AND EQUIPMENT:

Property, plant and equipment, at cost

781.1

777.1

Accumulated depreciation

(484.7

)

(480.0

)

Property, plant and equipment, net

296.4

297.1

OTHER ASSETS:

Goodwill

859.6

859.0

Intangible assets, net

286.8

294.6

Deferred income taxes

19.4

17.9

Other, net

129.5

126.5

TOTAL ASSETS

$

2,939.8

$

2,881.2

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

$

188.9

$

182.2

Accrued expenses and other liabilities

234.2

234.7

Accrued compensation and benefits

72.9

95.5

Total Current Liabilities

496.0

512.4

LONG-TERM DEBT

197.8

197.7

DEFERRED INCOME TAXES

42.5

36.5

OTHER NONCURRENT LIABILITIES

107.2

106.9

STOCKHOLDERS’ EQUITY:

Preferred Stock, $0.10 par value; 5,000,000 shares authorized; no shares issued or outstanding

—

—

Class A common stock, $0.10 par value; 120,000,000 shares authorized; 1 vote per share; issued and outstanding, 27,478,641 shares at March 29, 2026 and 27,426,533 shares at December 31, 2025

2.7

2.7

Class B common stock, $0.10 par value; 25,000,000 shares authorized; 10 votes per share; issued and outstanding, 5,916,290 shares at March 29, 2026 and December 31, 2025

0.6

0.6

Additional paid-in capital

728.6

720.6

Retained earnings

1,496.8

1,431.3

Accumulated other comprehensive loss

(132.4

)

(127.5

)

Total Stockholders’ Equity

2,096.3

2,027.7

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

2,939.8

$

2,881.2

WATTS WATER TECHNOLOGIES, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in millions)

(Unaudited)

First Quarter Ended

March 29,

March 30,

2026

2025

OPERATING ACTIVITIES

Net income

$

99.6

$

74.0

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

9.4

8.8

Amortization of intangibles

6.0

4.9

Amortization of cloud computing arrangements

0.6

—

Loss on disposal of long-lived assets

—

0.1

Stock-based compensation

5.2

2.9

Deferred income tax

4.8

(2.4

)

Changes in operating assets and liabilities, net of effects from business acquisitions:

Accounts receivable

(82.0

)

(41.3

)

Inventories

(19.8

)

(18.4

)

Prepaid expenses and other assets

(3.0

)

(5.9

)

Accounts payable, accrued expenses and other liabilities

(2.9

)

32.5

Net cash provided by operating activities

17.9

55.2

INVESTING ACTIVITIES

Additions to property, plant and equipment

(11.3

)

(9.6

)

Business acquisitions, net of cash acquired

(1.9

)

(70.3

)

Net cash used in investing activities

(13.2

)

(79.9

)

FINANCING ACTIVITIES

Payments for withholding taxes on vested awards

(12.8

)

(10.9

)

Payments for finance leases and other

(0.7

)

(0.7

)

Payments to repurchase common stock

(3.8

)

(3.9

)

Dividends

(17.5

)

(14.4

)

Net cash used in financing activities

(34.8

)

(29.9

)

Effect of exchange rate changes on cash and cash equivalents

(0.7

)

4.5

DECREASE IN CASH AND CASH EQUIVALENTS

(30.8

)

(50.1

)

Cash and cash equivalents at beginning of year

405.5

386.9

CASH AND CASH EQUIVALENTS AT END OF PERIOD

$

374.7

$

336.8

Segment Earnings and Non-GAAP Financial Measures

In this press release, segment earnings is our GAAP performance measure used by our chief operating decision-maker (“CODM”) to assess and evaluate segment results. Segment earnings exclude the impact of non-recurring and unusual items, such as restructuring costs and acquisition-related costs. The CODM uses segment earnings for insight into underlying trends comparing past financial performance with current performance by reporting segment on a consistent basis. Segment margin is defined as segment earnings divided by segment revenue.

We refer to non-GAAP financial measures (including adjusted operating income, adjusted operating margin, adjusted net income, adjusted diluted earnings per share, organic sales, organic sales growth, free cash flow, cash conversion rate of free cash flow to net income and net debt to capitalization ratio) and provide a reconciliation of those non-GAAP financial measures to the corresponding financial measures contained in our consolidated financial statements prepared in accordance with GAAP. We believe these financial measures enhance the overall understanding of our historical financial performance and give insight into our future prospects. Adjusted operating income, adjusted operating margin, adjusted net income and adjusted diluted earnings per share eliminate certain expenses incurred and benefits recognized in the periods presented that relate primarily to our global restructuring programs, acquisition-related costs and the related income tax impacts on these items and tax adjustment items (with respect to adjusted net income and adjusted diluted earnings per share only). Management then utilizes these adjusted financial measures to assess the run rate of the Company’s operations against those of comparable periods. Organic sales and organic sales growth are non-GAAP measures of net sales and net sales growth excluding the impacts of foreign exchange, acquisitions and divestitures from period-over-period comparisons. Management believes reporting organic sales and organic sales growth provides useful information to investors, potential investors and others, and allows for a more complete understanding of underlying sales trends by providing sales and sales growth on a consistent basis. Free cash flow, cash conversion rate of free cash flow to net income, and the net debt to capitalization ratio, which are adjusted to exclude certain cash inflows and outlays, and include only certain balance sheet accounts from the comparable GAAP measures, are an indication of our performance in cash flow generation and also provide an indication of the Company's balance sheet leverage relative to other industrial manufacturing companies. These non-GAAP financial measures are among the primary indicators management uses as a basis for evaluating our cash flow generation and our capitalization structure. In addition, free cash flow is used as a criterion to measure and pay certain compensation-based incentives. For these reasons, management believes these non-GAAP financial measures can be useful to investors, potential investors and others. The Company’s non-GAAP financial measures may not be comparable to similarly titled measures reported by other companies. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial measures prepared in accordance with GAAP.

TABLE 1

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

EXCLUDING THE EFFECT OF ADJUSTMENTS FOR SPECIAL ITEMS

(Amounts in millions, except per share information)

(Unaudited)

CONSOLIDATED RESULTS

First Quarter Ended

March 29,

March 30,

2026

2025

Net sales

$

677.3

$

558.0

Operating income

$

133.0

$

87.7

Operating margin %

19.6

%

15.7

%

Adjustments for special items:

Restructuring

$

0.2

$

17.3

Acquisition-related costs

2.7

1.1

Total adjustments for special items

$

2.9

$

18.4

Adjusted operating income

$

135.9

$

106.1

Adjusted operating margin %

20.1

%

19.0

%

Net income

$

99.6

$

74.0

Adjustments for special items - tax effected:

Restructuring

$

0.1

$

13.0

Acquisition-related costs

2.1

0.8

Tax adjustment items

—

(8.3

)

Total adjustments for special items - tax effected

$

2.2

$

5.5

Adjusted net income

$

101.8

$

79.5

Diluted earnings per share

$

2.97

$

2.21

Restructuring

0.01

0.39

Acquisition-related costs

0.06

0.02

Tax adjustment items

—

(0.25

)

Adjusted diluted earnings per share

$

3.04

$

2.37

TABLE 2

SEGMENT INFORMATION - RECONCILIATION OF SEGMENT EARNINGS TO CONSOLIDATED OPERATING INCOME - GAAP

(Amounts in millions)

(Unaudited)

First Quarter Ended

March 29, 2026

March 30, 2025

Americas

Europe

APMEA

Total

Americas

Europe

APMEA

Total

Total segment net sales

$

517.8

127.6

67.8

$

713.2

$

420.3

116.6

56.4

$

593.3

Elimination of intersegment sales

(2.7

)

(6.2

)

(27.0

)

(35.9

)

(2.2

)

(8.2

)

(24.9

)

(35.3

)

Net sales from external customers

$

515.1

121.4

40.8

$

677.3

$

418.1

108.4

31.5

$

558.0

Segment earnings

$

124.5

16.7

7.5

$

148.7

$

97.8

15.1

5.5

$

118.4

Segment margin %

24.2

%

13.7

%

18.7

%

22.0

%

23.4

%

13.9

%

17.5

%

21.2

%

Corporate operating loss

$

(12.8

)

$

(12.3

)

Adjustments for segment special items:

$

(1.7

)

(0.2

)

(1.0

)

$

(2.9

)

$

(1.1

)

(17.2

)

(0.1

)

$

(18.4

)

Operating income

$

133.0

$

87.7

Operating margin %

19.6

%

15.7

%

TABLE 3

SEGMENT INFORMATION - RECONCILIATION OF NET SALES TO NON-GAAP ORGANIC SALES

(Amounts in millions)

(Unaudited)

First Quarter Ended

Americas

Europe

APMEA

Total

Net sales March 29, 2026

$

515.1

$

121.4

$

40.8

$

677.3

Net sales March 30, 2025

$

418.1

$

108.4

$

31.5

$

558.0

Dollar change

$

97.0

$

13.0

$

9.3

$

119.3

Net sales % increase

23.2

%

12.0

%

29.5

%

21.4

%

Foreign exchange impact

(0.3

)

%

(11.5

)

%

(7.4

)

%

(2.9

)

%

Acquisition impact

(7.4

)

%

—

%

(18.7

)

%

(6.6

)

%

Organic sales % increase

15.5

%

0.5

%

3.4

%

11.9

%

TABLE 4

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW

(Amounts in millions)

(Unaudited)

First Quarter Ended

March 29,

March 30,

2026

2025

Net cash provided by operating activities

$

17.9

$

55.2

Less: additions to property, plant, and equipment

(11.3

)

(9.6

)

Free cash flow

$

6.6

$

45.6

Net income

$

99.6

$

74.0

Cash conversion rate of free cash flow to net income

6.6

%

61.6

%

TABLE 5

RECONCILIATION OF LONG-TERM DEBT (INCLUDING CURRENT PORTION) TO NET DEBT AND NET DEBT TO CAPITALIZATION RATIO

(Amounts in millions)

(Unaudited)

March 29,

December 31,

2026

2025

Current portion of long-term debt

$

—

$

—

Plus: long-term debt, net of current portion

197.8

197.7

Less: cash and cash equivalents

(374.7

)

(405.5

)

Net debt

$

(176.9

)

$

(207.8

)

Net debt

$

(176.9

)

$

(207.8

)

Total stockholders’ equity

2,096.3

2,027.7

Capitalization

$

1,919.4

$

1,819.9

Net debt to capitalization ratio

(9.2

)

%

(11.4

)

%

TABLE 6

2026 FULL YEAR OUTLOOK – RECONCILIATION OF NET SALES GROWTH TO ORGANIC SALES GROWTH AND OPERATING MARGIN TO ADJUSTED OPERATING MARGIN

(Unaudited)

Total Watts

Full Year

2026 Outlook

Approximately

Net Sales

Net sales growth

8% to 12%

Forecasted impact of acquisition / FX

(6)%

Organic sales growth

2% to 6%

Operating Margin

Operating margin

18.8% to 19.4%

Forecasted restructuring / other costs

0.3%

Adjusted operating margin

19.1% to 19.7%

Watts Water (WTS - Free Report) came out with quarterly earnings of $3.04 per share, beating the Zacks Consensus Estimate of $2.72 per share. This compares to earnings of $2.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +11.65%. A quarter ago, it was expected that this maker of valves for plumbing, heating and water needs would post earnings of $2.36 per share when it actually produced earnings of $2.62, delivering a surprise of +11.02%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Watts Water, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $677.3 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 7.15%. This compares to year-ago revenues of $558 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Watts Water shares have added about 5.7% since the beginning of the year versus the S&P 500's gain of 6%.

What's Next for Watts Water?While Watts Water has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Watts Water was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.29 on $709.21 million in revenues for the coming quarter and $11.57 on $2.69 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Nordson (NDSN - Free Report) , is yet to report results for the quarter ended April 2026. The results are expected to be released on May 20.

This maker of adhesives and industrial coatings is expected to post quarterly earnings of $2.79 per share in its upcoming report, which represents a year-over-year change of +15.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Nordson's revenues are expected to be $731 million, up 7% from the year-ago quarter.

Key Takeaways WTS Q1 adjusted EPS jumped to $3.04 as sales rose 21% year over year to a record $677.3M.Watts Water saw strong organic growth across regions, led by pricing and data center demand.WTS maintained 2026 sales and margin outlook despite macroeconomic and trade uncertainties. Watts Water Technologies, Inc. (WTS - Free Report) reported first-quarter 2026 adjusted earnings per share (EPS) of $3.04 compared with $2.37 in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate by 11.8%.

The company’s quarterly net sales increased 21% year over year to $677.3 million. The top line beat the Zacks Consensus Estimate by 7.2%. Organic sales were up 12% year over year due to favorable prices and higher volumes supported by strong growth in the data center market.

Management highlighted that the company delivered a strong start to 2026, supported by organic growth across all regions and record first-quarter net sales, operating income, operating margin and EPS, reflecting disciplined execution and continued focus on delivering value to customers. The company also emphasized that it is actively navigating geopolitical and trade-related uncertainties while continuing to invest in higher-growth opportunities such as data centers and digital solutions.

In addition, management noted that productivity and automation initiatives under the One Watts Performance System are helping drive efficiency and margin performance. Despite the solid start to the year, the company maintained its full-year 2026 outlook given the dynamic macroeconomic environment.

Supported by a strong balance sheet and healthy cash flow generation, management remains focused on disciplined capital allocation and creating sustainable long-term shareholder value.

Shares of the company have gained 39% in the past year compared with the Zacks Manufacturing - General Industrial industry’s growth of 23%.

Image Source: Zacks Investment Research

WTS’ Segment ResultsAmericas: Net sales increased 23% year over year to $515 million on a reported basis and rose 16% organically, primarily driven by favorable pricing and incremental volumes supported by strong data center demand. Acquisitions contributed $31 million in incremental sales, accounting for 7% of reported growth. Segment margin expanded 80 basis points (bps) as benefits from price realization, productivity improvements and volume leverage more than offset the impacts of inflation, tariffs and acquisition-related dilution.

Europe: Net sales increased 12% year over year to $121 million on a reported basis and grew 1% organically. Reported sales growth benefited from favorable foreign exchange, which contributed 11% to reported results. Organic sales growth was primarily driven by favorable pricing, which offset a modest decline in volumes. Segment margin contracted 20 bps as gains from price realization, productivity initiatives and restructuring actions were more than offset by inflationary pressures and volume deleverage.

APMEA: Net sales increased 29% year over year to $41 million on a reported basis and rose 3% organically, driven by growth in China, Australia and New Zealand, partially offset by weakness in the Middle East. Acquisitions contributed $6 million, or 19%, to reported sales growth, while favorable foreign exchange added 7%. Segment margin expanded 120 bps, supported by trade sales volume leverage, productivity gains and acquisition accretion, which more than offset inflation and affiliate volume deleverage.

WTS’ Other DetailsGross profit increased 19.7% year over year to $326.1 million. Selling, general and administrative expenses rose 15.2% to $192.9 million. Operating income was $133 million, up 51.7% year over year. Adjusted operating income was $135.9 million, up 28.1% year over year.

Operating margin expanded 390 bps to 19.6%. The adjusted operating margin was 20.1%, up 110 bps year over year. Margin performance was driven by favorable pricing, productivity improvements and volume leverage, which more than offset the impacts of inflation, investments, tariffs and acquisition-related dilution. Operating margin also benefited from lower restructuring charges, partially offset by higher acquisition-related expenses.

WTS’ Cash Flow & LiquidityFor the first quarter ended March 29, 2026, Watts Water generated $17.9 million of cash from operating activities compared with $55.2 million in the prior-year period.

For the first quarter, free cash flow was $6.6 million compared with $45.6 million a year ago.

Free cash flow declined primarily due to higher capital expenditures and elevated working capital levels, which more than offset the benefit of increased net income. The rise in working capital was driven by higher accounts receivable linked to stronger net sales, increased inventory levels resulting from incremental tariffs and strategic inventory investments to support anticipated end-market demand, as well as higher annual customer rebates tied to sales growth and payment timing. Management expects free cash flow to improve sequentially through 2026 as working capital is gradually monetized in line with normal business seasonality.

On May 4, 2026, the company announced a 21% increase in its quarterly dividend, raising the payout from 52 cents per share to 63 cents, effective June 2026.

During the first quarter of 2026, the company also repurchased nearly 13,000 shares for approximately $3.8 million. As of quarter-end, about $125 million remained available under the share repurchase program authorized in 2023, which has no expiration date.

As of March 29, 2026, the company had $374.7 million in cash and cash equivalents with $197.8 million of long-term debt compared with the respective figures of $405.5 million and $197.7 million as of Dec 31, 2025.

WTS’ GuidanceFor 2026, the company maintained its prior outlook and continues to expect reported sales growth in the range of 8% to 12%, with organic sales growth projected between 2% and 6%.

The company expects adjusted EBITDA margin to be between 21.5% and 22.1%, representing a change of down 40 bps to up 20 bps year over year.

The company anticipates operating margin to be between 18.8% and 19.4%, reflecting an expansion of 40-100 bps, while adjusted operating margin is forecast at 19.1% to 19.7%, implying a decline of 50 bps to an increase of 10 bps.

For the second quarter of 2026, the company expects reported sales growth of 10% to 14% and organic sales growth of 4% to 8%. Adjusted EBITDA margin is projected between 22.3% and 22.9%, while adjusted operating margin is expected in the range of 20% to 20.6%.

WTS’ Zacks RankWatts Water currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Performance of Peers in the Same SpaceFlex Ltd. (FLEX - Free Report) reported fourth-quarter fiscal 2026 adjusted EPS of 93 cents, which surpassed the Zacks Consensus Estimate by 8.1%. The bottom line compared favorably with 73 cents posted in the prior-year quarter.

Revenues increased 17% year over year to $7.5 billion. It beat the consensus mark by 8.1%. The growth was primarily driven by strong momentum across all three segments, with Cloud and Power Infrastructure emerging as the standout performer.

Fortive Corporation (FTV - Free Report) reported first-quarter 2026 adjusted EPS of 70 cents from continuing operations, which surpassed the Zacks Consensus Estimate of 64 cents. The bottom line increased 25.4% year over year.

Revenues increased 7.7% year over year to $1069.4 million. The top line beat the Zacks Consensus Estimate by 3.8%. Core revenues jumped 5.3%.

Sensata Technologies Holding plc (ST - Free Report) reported first-quarter 2026 adjusted EPS of 86 cents, up from 78 cents a year ago. The bottom line beat the Zacks Consensus Estimate by 2.4%.

Revenues for the quarter reached $934.8 million, up 2.6% from a year ago. The figure came near to the upper end of management’s expectations ($917-$937 million) and beat the consensus estimate by 0.7%. Strength Aerospace, Defense and Commercial Equipment segments drove the top-line performance.

Have you evaluated the performance of Watts Water's (WTS - Free Report) international operations for the quarter ending March 2026? Given the extensive global presence of this maker of valves for plumbing, heating and water needs, analyzing the patterns in international revenues is crucial for understanding its financial strength and potential for growth.

The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comprehend how much a company relies on these foreign markets, as this understanding reveals the firm's potential for consistent earnings, its capacity to harness different economic cycles, and its overall growth prospects.

Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.

Our review of WTS' last quarterly performance uncovered some notable trends in the revenue contributions from its international markets, which are commonly analyzed and tracked by Wall Street experts.

The company's total revenue for the quarter amounted to $677.3 million, marking an increase of 21.4% from the year-ago quarter. We will next turn our attention to dissecting WTS' international revenue to get a clearer picture of how significant its operations are outside its main base.

A Closer Look at WTS' Revenue Streams AbroadEurope accounted for 17.9% of the company's total revenue during the quarter, translating to $121.4 million. Revenues from this region represented a surprise of +4.25%, with Wall Street analysts collectively expecting $116.45 million. When compared to the preceding quarter and the same quarter in the previous year, Europe contributed $119.7 million (19.2%) and $108.4 million (19.4%) to the total revenue, respectively.

Of the total revenue, $40.8 million came from APMEA during the last fiscal quarter, accounting for 6%. This represented a surprise of +5.16% as analysts had expected the region to contribute $38.8 million to the total revenue. In comparison, the region contributed $38.8 million, or 6.2%, and $31.5 million, or 5.7%, to total revenue in the previous and year-ago quarters, respectively.

Anticipated Revenues in Overseas MarketsThe current fiscal quarter's total revenue for Watts Water, as projected by Wall Street analysts, is expected to reach $709.21 million, reflecting an increase of 10.2% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: Europe is anticipated to contribute 16.2% or $114.75 million, and APMEA 5.9% or $41.55 million.

For the entire year, the company's total revenue is forecasted to be $2.69 billion, which is an improvement of 10.3% from the previous year. The revenue contributions from different regions are expected as follows: Europe will contribute 17.4% ($467.7 million), and APMEA 6.2% ($167.33 million) to the total revenue.

Wrapping UpWatts Water's reliance on international markets for revenues offers both opportunities and risks. Hence, keeping an eye on its international revenue trends could significantly help forecast the company's prospects.

With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.

Emphasizing a company's shifting earnings prospects is a key aspect of our approach at Zacks, especially since research has proven its substantial influence on a stock's price in the short run. This correlation is positively aligned, meaning that improved earnings projections tend to boost the stock's price.

Our proprietary stock rating tool, the Zacks Rank, with its externally validated exceptional track record, harnesses the power of earnings estimate revisions to serve as a dependable measure for anticipating the short-term price trends of stocks.

Currently, Watts Water holds a Zacks Rank #3 (Hold), signifying its potential to match the overall market's performance in the forthcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Watts Water's Recent Stock Market PerformanceOver the past month, the stock has lost 1.9% versus the Zacks S&P 500 composite's 9.1% increase. The Zacks Industrial Products sector, of which Watts Water is a part, has risen 2.6% over the same period. The company's shares have declined 9.6% over the past three months compared to the S&P 500's 7.1% increase. Over the same period, the sector has declined 1.1%

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NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) – through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions – was named one of Newsweek's World's Greenest Companies 2026. This marks the second consecutive year that Watts has received this recognition of the company's continued dedication to advancing environmental sustainability across its operations, products and solutions. To.

-

LONDON--(BUSINESS WIRE)--Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) today announced that its Annual General Meeting of Shareholders (“AGM”) will be held on Thursday, May 7, 2026, at 10:00 AM (BST) at Trafalgar Court, Les Banques, St. Peter Port, Guernsey, GY1 3QL. The results of the voting will be announced as soon as practicable after the conclusion of the AGM.

At the AGM, shareholders will consider the receipt of the annual report and the financial statements, the re-appointment of PSH’s auditor and authorization of the Directors to determine its remuneration, the re-election of the existing Directors with the exception of Bilge Ogut, who is not offering herself up for re-election due to having taken a full time executive position, the renewal of PSH’s share buy-back authority, the approval to disapply pre-emption rights for any share issuance of 10% (as is customary in the London investment fund market), and the amendment of the Articles to change the Director remuneration limit.

The specific resolutions can be found in the Notice of Annual General Meeting available on PSH’s website, https://www.pershingsquareholdings.com/company-reports/notices-shareholders/.

About Pershing Square Holdings, Ltd.
Pershing Square Holdings, Ltd. (LN:PSH) (LN:PSHD) is an investment holding company structured as a closed-ended fund.

Category: (PSH:Events)

The document will shortly be available for inspection on the National Storage Mechanism website: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

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