Watts Water Technologies (NYSE: WTS) reported Q4 EPS of $1.00, $0.02 better than the analyst estimate of $0.98. Revenue for the quarter came in at $400 million versus the consensus estimate of $397.14 million.

• 4Q19 reported sales increased 3% to $400 million; organic growth of 4%, foreign exchange –1%
• 4Q19 GAAP and adjusted operating margin of 11.8% and 12.5%, respectively; up 10 bps on GAAP basis, up 80 bps on adjusted basis
• 4Q19 GAAP EPS of $0.93, -1% vs. last year; adjusted EPS of $1.00, + 14%
• Full year 2019 operating cash flow of $194 million and free cash flow of $165 million, a 15% and 22% increase, respectively, over the prior year

*Performance relative to comparable fourth quarter and year ended December 31, 2018.

“We finished 2019 with a solid fourth quarter, in-line with our expectations,” said Chief Executive Officer Robert J. Pagano Jr. “We delivered record fourth quarter sales driven by organic growth in all regions. We leveraged the sales growth along with the benefits from productivity and restructuring to drive higher operating income, and record fourth quarter operating margin and earnings per share, all on an adjusted basis. For the full year, organic sales growth and adjusted operating margin expansion met our original 2019 expectations.”

For earnings history and earnings-related data on Watts Water Technologies (WTS) click here.