Watts Water Technologies (WTS) Tops Q1 EPS by 2c, Slight Beat on Revenues

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Go back to Watts Water Technologies (WTS) Tops Q1 EPS by 2c, Slight Beat on Revenues

Watts Water Technologies Reports Solid Start to 2019

May 2, 2019 4:15 PM EDT

Reported 1Q sales of $389 million, up 3% Organic sales growth +6%, foreign exchange -3% GAAP operating margin of 12%, up 40 bps; adjusted operating margin of 12.4%, up 80 bps 1Q GAAP and adjusted EPS of $0.91 and $0.94 respectively, up 11% on GAAP basis and up 15% on adjusted basis

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc. (NYSE: WTS) today announced results for the first quarter of 2019.

Chief Executive Officer Robert J. Pagano Jr. commented,... More