Watts Water Technologies (WTS) Tops Q3 EPS by 3c, to Acquire Apex Valves Limited

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Go back to Watts Water Technologies (WTS) Tops Q3 EPS by 3c, to Acquire Apex Valves Limited

Watts Water Technologies Reports Third Quarter Results for 2015 and Announces Agreement to Purchase Apex Valves Limited

October 28, 2015 4:30 PM EDT

Reported sales of $366.3 million Adjusted operating margin of 11.4%; GAAP operating margin of (8.2%) Adjusted EPS of $0.67; GAAP EPS of ($0.73) Foreign currency exchange rates negatively affected revenue growth by 6.5% and EPS by $0.06 Signed definitive agreement to purchase the shares of Apex Valves Limited Finalized sale of certain non-core product lines to Sioux Chief Mfg. Co. for approximately $33 million Completed the settlement of pension and other long-term... More