Watts Water Technologies (WTS) Tops Q3 EPS by 2c, Beats on Revenues
Watts Water Technologies (NYSE: WTS) reported Q3 EPS of $0.80, $0.02 better than the analyst estimate of $0.78. Revenue for the quarter came in at $365 million versus the consensus estimate of $361.21 million.
- Reported sales of $365 million, up 7% year-over-year driven primarily by PVI acquisition; organic sales up 1%
- GAAP operating margin of 12.1%, up 140 bps year-over-year; adjusted operating margin of 12.6%, up 50 bps year-over-year
- GAAP EPS of $0.77, up 22%; adjusted EPS of $0.80, up 13%; both records for the third quarter
- Year-to-date cash flow from operations up 5%; year-to-date free cash flow up 31%
For earnings history and earnings-related data on Watts Water Technologies (WTS) click here.
