WTS
Market read
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Invalidation: The isolated read changes if WTS's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 2 directly disclosed connections are confirming.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Interest expense in the first six months of 2026 decreased $0.6 million compared to the first six months of 2025, primarily due to a lower principal balance of debt outstanding during the first six months of 2026 .”10-Q · Aug 6, 2026 ↗
“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.”10-Q · Aug 6, 2026 ↗
“The increase in foreign exchange was mainly due to the depreciation of the U.S.”10-Q · Aug 6, 2026 ↗
“The increase in organic operating income of $44.8 million, or 16.4%, was primarily due to higher price realization, incremental volume, primarily in the Americas from data center growth, and productivity savings, partially offset by inflation and tariffs.”10-Q · Aug 6, 2026 ↗
Valuation discipline
Price/sales 4.9× · EV/sales 4.8×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for WTS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.
Capital and cash conversion
Inventory growth exceeded revenue growth and inventory intensity increased.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
“The increase in SG&A expenses was attributable to the following: (in millions) % Change Organic $ 25.3 7.1 % Foreign exchange 6.0 1.7 Acquired 21.9 6.2 Special items (0.4) (0.1) Total $ 52.8 14.9 % The increase in organic SG&A expenses was primarily due to an increase in strategic investments of $9.0 million, general inflation of $8.3 million, a net increase in short-term and long-term compensation accruals of $6.8 million, $3.0 million in higher travel and marketing spend and increased variable costs of $1.6 million due to higher net sales, partially offset by $6.7 million from productivity initiatives and restructuring savings compar...”
“Gross margin declined primarily due to the dilutive impact of acquisitions and the prior year benefit of tariff-related price increases ahead of related cost recognition. Selling, General and Administrative Expenses.”
“The increase in organic operating income of $44.8 million, or 16.4%, was primarily due to higher price realization, incremental volume, primarily in the Americas from data center growth, and productivity savings, partially offset by inflation and tariffs. Interest Income.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Applied Industrial Technologies is a distributor of bearings, power transmission products, fluid power components and other industrial supplies and provides engineering, design and systems integration for industrial and fluid power applications, as well as cu…”
“Organic net 31 Table of Contents sales increased $0.1 million, or 0.3%, primarily due to growth in Australia and the Middle East, partially offset by declines in China and New Zealand.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 5 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
WTS is currently a Leader in the organic co-movement group Building Water Systems. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WTS; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.