Watts Water Technologies (WTS) Tops Q3 EPS by 10c
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Watts Water Technologies Reports Record Third Quarter 2021 Results
November 3, 2021 4:30 PM EDTReported sales of $455 million, up 18%; up 17% on an organic basis GAAP operating margin of 14.2%, up 170 bps; adjusted operating margin of 14.4%, up 60 bps GAAP and adjusted EPS of $1.37 and $1.39, representing increases of 41% and 32%, respectively Generated year-to-date operating cash flow of $135 million and free cash flow of $120 million, approximately 6% and 26% increases, respectively, over same period last year Increasing full year 2021 sales outlook; full year adjusted margin expansion in line with previous... More
