Full-Time

New Product Development Engineer

Posted on 8/9/2025

Watts Water

Watts Water

1,001-5,000 employees

Backflow, valves, and smart water systems

No salary listed

Fort Worth, TX, USA

In Person

Category
Mechanical Engineering (1)
Required Skills
Inventory Management
Data Analysis
Requirements
  • Bachelor's degree in an Engineering field from an accredited university.
  • 2+ years’ experience in a manufacturing environment.
  • Experience with Lean and Six Sigma methodology.
  • Travel required: 20%
Responsibilities
  • Prepare documentation to support the quality system for design functions, including project plans, concept documents, FMEAs, design inputs, test results, and drawings.
  • Create technical documentation such as manufacturing instructions, test methods, drawings, BOMs, protocols, and reports to support design control activities.
  • Perform Verification and Validation (V&V) activities, including drafting and executing protocols and reports for approval.
  • Conduct testing to verify that designs meet engineering specifications.
  • Document engineering work in compliance with the company’s quality system.
  • Identify hazards and mitigate risks using Design and Process FMEAs; assess failure modes and conduct technical risk analyses.
  • Lead First Article Inspections (FAI), Initial Sample Inspection Reports (ISIR), Production Part Approval Process (PPAP), and Installation/Operational/Performance Qualification (IQ/OQ/PQ) activities for new product designs.
  • Compile and analyze data, identify root causes, draw conclusions, and generate detailed reports.
  • Provide hands-on technical support in prototyping and device development.
  • Manage processes to ensure activity goals and project milestones are achieved.
  • Train and/or provide work direction to technicians and junior engineers.
  • Participate in cross-functional teams focused on product changes, including quality, manufacturing, engineering, customer support, and product management.
  • Deploy tools to track and communicate all aspects of product and change introduction, aligned with evolving configurations and customer requirements.
  • Maintain a rolling action item list addressing key tasks for removing barriers and improving process efficiency; assign and follow up with non-operations teams to ensure resolution.
  • Maintain critical operations performance metrics and dashboards to drive milestone tracking and highlight key phase gate deliverables.
  • Lead action plans to improve cycle time, capacity, test detectability, troubleshooting effectiveness, product quality, reliability, warranty, and inventory performance.
  • Ensure alignment of all operational functions with change activities to meet critical timeframes and drive successful outcomes.
  • Serve as a key contributor within broader program management teams, collaborating cross-functionally to meet customer and business requirements.
  • Assess and drive manufacturability for all introduced product changes.
Desired Qualifications
  • Excellent written and verbal communication skills in English.
  • Proven leadership experience with a track record of motivating teams and driving results under challenging conditions.
  • Strong background in Program Management and capital implementation, with experience using Stage Gate methodology.
  • In-depth understanding of manufacturing metrics and key performance indicators (KPIs).
  • Strong communication skills with the ability to simplify complex issues and effectively engage diverse stakeholders.
  • Ability to identify, prioritize, and resolve barriers—whether technical, administrative, or resource-related.
  • Highly effective in partnering with site leadership, factory teams, engineering, and other functional groups.
  • Fast learner with a strong bias for speed, innovation, and intelligent risk-taking.
  • Experience in creating and managing processes for production planning, scheduling, and forecasting.
  • Ability to develop and justify resource requirements through solid financial analysis and business reasoning.
  • Relevant experience in the following areas is strongly preferred: Operations or development engineering, Water quality and treatment technologies, Quality and regulatory systems.
  • Green Belt certification is preferred.
  • Familiarity with SIOP methods, service part planning tools, MRP, and ERP systems.
  • Comfortable working in a cross-functional, matrixed organization.

Watts Water Technologies provides plumbing and water-management products and solutions to improve water quality, safety, and conservation across residential, commercial, industrial, and municipal settings. Its lineup includes backflow preventers, water pressure regulators, temperature and pressure relief valves, and other flow-control components, plus smart connected systems for remote monitoring. The company serves wholesalers, OEMs, and plumbing and heating contractors across Americas, Europe, and APAC/Middle East/Africa regions. Its goal is to deliver reliable, safe, and efficient water management that protects public health and conserves water.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

North Andover, Massachusetts

Founded

1874

Simplify Jobs

Simplify's Take

What believers are saying

  • AI data center cooling drives 8-12% sales growth targeting $2.4B by 2028.
  • Q2 2025 record $644M sales with 8% growth from pricing and volume.
  • KeyBanc upgrades to Overweight with $340 target on acquisition strategy.

What critics are saying

  • Xylem erodes smart water share with superior IoT in 12-24 months.
  • 25-50% US tariffs on Chinese steel raise APMEA costs 8-12% now.
  • Europe sales drop 15% from ECB 3.5% rates in 6-12 months.

What makes Watts Water unique

  • Watts Water leads in backflow preventers and pressure regulators for water safety.
  • Acquired EasyWater on June 13, 2025, enhancing water quality portfolio.
  • Expands via Saudi Cast and Superior Boiler into APMEA heating markets.

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Benefits

Health Insurance

Dental Insurance

401(k) Retirement Plan

Parental Leave

Paid Holidays

Paid Vacation

Professional Development Budget

Tuition Reimbursement

Gym Membership

Employee Discounts

Company News

Yahoo Finance
Apr 12th, 2026
Watts Water Technologies eyes AI data center cooling expansion with $2.4B 2028 revenue target

Watts Water Technologies has raised its profile in AI data centre infrastructure, positioning its water and energy management solutions as critical for AI buildouts. The company recently acquired Haws Corp., Superior Boiler and Saudi Cast, whilst guiding for 8–12% sales growth in 2026 and operating margins of 18.8–19.4%. Management's narrative projects $2.6 billion in revenue and $395.5 million in earnings by 2028, requiring 4.8% annual revenue growth. Some analysts believe the company's digital water and AI-ready systems could exceed these targets, whilst others caution that competition in smart building technology may limit upside. Near-term risks include European market weakness, tariff volatility and potential margin pressure as past pricing benefits fade. The company's expansion into AI data centre cooling represents a shift towards more complex, higher-value building systems.

Yahoo Finance
Mar 6th, 2026
Watts Water Technologies beats Q4 estimates with $625M revenue, up 15.7% year-on-year

Watts Water Technologies reported Q4 revenues of $625.1 million, up 15.7% year on year and exceeding analysts' expectations by 2.3%. The company delivered an exceptional quarter with impressive beats on EBITDA and adjusted operating income estimates. Founded in 1874, Watts specialises in manufacturing water products and systems for residential, commercial and industrial applications globally. The company achieved record quarterly and full-year 2025 performance, including record sales, operating income and earnings per share. Watts scored the biggest analyst estimate beat and fastest revenue growth amongst five tracked water infrastructure stocks. However, the results appeared priced in, with shares flat since reporting. The stock currently trades at $313.19.

Yahoo Finance
Jan 21st, 2026
Keybanc upgrades Watts Water Technologies to 'Overweight', sets $340 price target

Watts Water Technologies shares rose 3.1% after Keybanc upgraded the stock to "Overweight" from "Sector Weight" with a $340 price target, representing a 17.5% potential upside. Analyst Jeffrey Hammond cited the company's prospects as "too compelling to ignore", even without improvement in main markets. The upgrade was based on expected pricing tailwinds, growth from the data centre business and recent merger and acquisition activity. Keybanc believes the market underappreciates the company's emerging acquisition strategy. Watts Water previously reported strong fourth-quarter results with margin expansion offsetting volume declines. The stock has risen 7.1% year-to-date and recently hit a new 52-week high of $298.26 per share.

Yahoo Finance
Jan 19th, 2026
2 Cash-Heavy Stocks with Promising Prospects and 1 We Find Risky

Companies with more cash than debt can be financially resilient, but that doesn't mean they're all strong investments. Some lack leverage because they struggle to grow or generate consistent profits, making them unattractive borrowers. Financial flexibility is valuable, but it's not everything - at StockStory, we help you find the stocks that can not only survive but also outperform. Keeping that in mind, here are two companies with net cash positions that can continue growing sustainably and one with hidden risks. Net Cash Position: $174.2 million (16.4% of Market Cap) Founded in 1971, Marcus & Millichap (NYSE:MMI) specializes in commercial real estate investment sales, financing, research, and advisory services. Why Should You Sell MMI? Lackluster 1.3% annual revenue growth over the last five years indicates the company is losing ground to competitors Poor free cash flow margin of 3% for the last two years limits its freedom to invest in growth initiatives, execute share buybacks, or pay dividends Shrinking returns on capital from an already weak position reveal that neither previous nor ongoing investments are yielding the desired results At $27.12 per share, Marcus & Millichap trades at 59.1x forward P/E. To fully understand why you should be careful with MMI, check out our full research report (it's free) Net Cash Position: $260.2 million (2.6% of Market Cap) Founded in 1874, Watts Water (NYSE:WTS) specializes in manufacturing water products and systems for residential, commercial, and industrial applications globally. Why Are We Bullish on WTS? 9.3% annual revenue growth over the last five years surpassed the sector average as its offerings resonated with customers Offerings are mission-critical for businesses and result in a best-in-class gross margin of 45.9% Performance over the past five years was turbocharged by share buybacks, which enabled its earnings per share to grow faster than its revenue Watts Water Technologies is trading at $297.29 per share, or 26.8x forward P/E. Is now a good time to buy? See for yourself in our full research report, it's free Net Cash Position: $141.4 million (0.8% of Market Cap) Founded in 1992 as a scientifically-driven alternative to traditional contract research organizations, Medpace (NASDAQ:MEDP) provides outsourced clinical trial management and research services to help pharmaceutical, biotechnology, and medical device companies develop new treatments. Why Do We Watch MEDP? Existing business lines can expand without risky acquisitions as its organic revenue growth averaged 15.1% over the past two years Market share is on track to rise over the next 12 months as its 17.9% projected revenue growth implies demand will accelerate from its two-year trend Performance over the past five years was turbocharged by share buybacks, which enabled its earnings per share to grow faster than its revenue

Stock Titan
Dec 1st, 2025
Watts Water (NYSE: WTS) closes Saudi Cast acquisition, adding about $20 million sales

Watts Water completes its cash-funded buy of Saudi Cast, a Riyadh-based drainage maker with about $20 million in annualized sales, expanding its APMEA reach.

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