Watts Water Technologies Reports First Quarter 2021 Results
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Watts Water Technologies (WTS) Tops Q1 EPS by 24c, Revenues Beat
May 4, 2021 4:19 PM EDTWatts Water Technologies (NYSE: WTS) reported Q1 EPS of $1.24, $0.24 better than the analyst estimate of $1.00. Revenue for the quarter came in at $413 million versus the consensus estimate of $386.01 million.
Reported sales of $413 million increased 8%; organic sales increased 4%GAAP operating margin of 14.4% and adjusted operating margin of 14.5%; both up 190 bpsGAAP EPS of $1.23 and adjusted EPS of $1.24; both up 31%Amended and extended existing credit facility in the second quarter; enhanced financial... More