Watts Water Technologies (WTS) Tops Q2 EPS by 6c, Announces $100 Buyback
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Watts Water Technologies Reports Second Quarter Results for 2015, Announces Sale of Certain Non-Core Product Lines and Announces $100 Million Share Repurchase Program
July 29, 2015 4:30 PM EDTReported sales of $386.9M Adjusted operating margin improvement of 60 basis points to 10.9%; GAAP operating margin was 9.0% Adjusted EPS of $0.69; GAAP EPS of $0.55 Foreign currency exchange rates negatively affected revenue growth by 7.1% and EPS by $0.07 Year-to-date free cash flow increased by 269% Signed definitive agreement to sell certain Americas non-core product lines for approximately $35.5M Announced $100 million share repurchase program
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