Watts Water Technologies (WTS) Tops Q1 EPS by 5c, Slight Beat on Revenues

Watts Water Technologies (NYSE: WTS) reported Q1 EPS of $0.65, $0.05 better than the analyst estimate of $0.60. Revenue for the quarter came in at $347 million versus the consensus estimate of $345.24 million.

First Quarter 2017 Results

• GAAP EPS of $0.63, up 34%; adjusted EPS of $0.65, up 14%
• Reported sales of $347 million, up 1% year-over-year driven by acquisitions; organic sales down 1%
• Strong GAAP operating margin of 10.3%, up 120 bps; adjusted operating margin of 11.1%, up 30 bps

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

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