Watts Water Technologies Reports Strong Finish to Record Year and Announces $150 Million Share Repurchase Program
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Watts Water Technologies (WTS) Tops Q4 EPS by 1c, Revenues Beat; Announces $150M Share Buyback
February 7, 2019 4:18 PM ESTWatts Water Technologies (NYSE: WTS) reported Q4 EPS of $0.88, $0.01 better than the analyst estimate of $0.87. Revenue for the quarter came in at $388 million versus the consensus estimate of $382.45 million.
4Q18 sales increased 6% to $388 million; organic growth of 7%4Q18 operating margin of 11.7%; up 150 bps on GAAP basis, up 30 bps on adjusted basis4Q18 GAAP EPS of $0.85 increased $0.92 compared to prior year; results in 4Q17 include a tax charge of $0.73 per share related to the Tax Cuts and Jobs Act of 2017... More