Watts Water Technologies (WTS) Tops Q1 EPS by 3c, Beats on Revenues

Watts Water Technologies (NYSE: WTS) reported Q1 EPS of $0.82, $0.03 better than the analyst estimate of $0.79. Revenue for the quarter came in at $379 million versus the consensus estimate of $365.48 million.

• Reported record 1Q sales of $379 million, up 9%
• Organic sales growth + 4%, foreign exchange + 5%
• Record 1Q operating margin of 11.6%; up 130 bps on GAAP basis, up 50 bps on an adjusted basis
• Record 1Q EPS of $0.82, up 30% on GAAP basis, up 26% on adjusted basis

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

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