Watts Water Technologies Reports Fourth Quarter 2020 Results
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Watts Water Technologies (WTS) Tops Q4 EPS by 14c, Revenues Beat
February 10, 2021 4:14 PM ESTWatts Water Technologies (NYSE: WTS) reported Q4 EPS of $1.15, $0.14 better than the analyst estimate of $1.01. Revenue for the quarter came in at $403.4 million versus the consensus estimate of $385.87 million.
Reported sales increased 1% to $403 million; organic sales declined 2%GAAP and adjusted operating margin of 13.5% and 13.6%, respectively; up 170 bps on GAAP basis, up 110 bps on adjusted basisGAAP EPS of $0.86, down 8% vs. last year; adjusted EPS of $1.15, up 15%Full year 2020 operating cash flow of $229 million and full year free... More