UPDATE: Watts Water Technologies (WTS) Tops Q3 EPS by 2c (correction)
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Watts Water Technologies Reports Third Quarter 2016 Results and Announces the Purchase of PVI Industries, LLC
November 2, 2016 4:33 PM EDTSales of $341 million, down 7% year-over-year primarily due to the 2015 exit of undifferentiated products Organic sales down 1%; Americas down 3%, EMEA flat and Asia-Pacific up 26% GAAP operating margin of 10.7%; adjusted operating margin of 12.1%, up 70 bps GAAP EPS of $0.63; adjusted EPS of $0.71, up 6% from prior year Acquired PVI Industries, LLC, a leading manufacturer of commercial water heating equipment, for approximately $78 million
NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc. (NYSE:... More
