Watts Water Technologies (WTS) Tops Q1 EPS by 26c

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Go back to Watts Water Technologies (WTS) Tops Q1 EPS by 26c

Watts Water Technologies Reports Record First Quarter 2022 Results

May 3, 2022 4:35 PM EDT

Reported sales of $463 million increased 12%; organic sales increased 14% GAAP operating margin of 15.4%, up 100 bps; adjusted operating margin of 15.7%, up 120 bps GAAP EPS of $1.61 and adjusted EPS of $1.63; both up 31%

*Performance relative to comparable first quarter in 2021.

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc. (NYSE: WTS) today announced results for the first quarter of 2022.

Chief Executive Officer Robert J. Pagano Jr. commented, All three regions delivered double-digit organic sales growth and strong operating margin expansion in the... More