Watts Water Technologies (WTS) Tops Q4 EPS by 14c, Revenues Beat
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Watts Water Technologies Reports Fourth Quarter 2020 Results
February 10, 2021 4:05 PM ESTReported 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 basis GAAP 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 cash flow of $187 million, an 18% and 14% increase, respectively, over the prior year
*Performance relative to comparable fourth quarter and year ended December 31, 2019.
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