Watts Water Technologies (WTS) Reports In-Line Q4 EPS

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Go back to Watts Water Technologies (WTS) Reports In-Line Q4 EPS

Watts Water Technologies Reports Fourth Quarter and Full Year Results for 2016

February 9, 2017 4:30 PM EST

4Q16 sales totaled $342 million, down 5% driven by fewer shipping days; organic growth flat on a days adjusted basis 4Q16 GAAP operating margin of 9.2%; adjusted operating margin of 10.9%, up 100 bps Solid 4Q16 and full year GAAP EPS of $0.51 and $2.44, respectively Adjusted 4Q16 and full year EPS of $0.64 and $2.67, respectively, both record performances 2016 operating cash flow of $138 million; 2016 free cash flow of $102 million, up 25% year-over-year

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water... More