Watts Water Technologies (WTS) Tops Q2 EPS by 20c; Raises Outlook

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Go back to Watts Water Technologies (WTS) Tops Q2 EPS by 20c; Raises Outlook

Watts Water Technologies Reports Record Second Quarter 2021 Results

August 4, 2021 4:00 PM EDT

Reported sales of $467 million, up 38%; up 32% on an organic basis GAAP operating margin of 11.3%, up 210 bps; adjusted operating margin of 14.9%, up 380 bps GAAP EPS of $1.11, up 88%; adjusted EPS of $1.48, up 100% Recorded $18 million of restructuring and other charges related to French facility exit Increasing adjusted full year 2021 outlook

Note: Second quarter 2021 performance relative to second quarter in 2020

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