Watts Water Technologies (WTS) Tops Q3 EPS by 1c

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Go back to Watts Water Technologies (WTS) Tops Q3 EPS by 1c

Watts Water Technologies Reports Third Quarter 2019 Results and Announces the Purchase of Backflow Direct LLC

October 30, 2019 4:15 PM EDT

Reported sales of $395 million, +1% Organic sales growth +2%, foreign exchange -1% GAAP and adjusted operating margin of 12.4% and 13.3%, respectively, both +40 basis points GAAP EPS of $0.94, +2%; adjusted EPS of $1.04, +5% Second half 2019 organic growth in line with previous outlook Purchased the assets of Backflow Direct LLC

*Performance relative to comparable third quarter ended September 30, 2018.

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