Watts Water Technologies (WTS) Tops Q2 EPS by 30c; Raises Outlook

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Go back to Watts Water Technologies (WTS) Tops Q2 EPS by 30c; Raises Outlook

Watts Water Technologies Reports Record Second Quarter 2023 Results

August 2, 2023 4:33 PM EDT

Reported sales of $533 million increased 1%; organic sales were flat Reported operating margin of 18.8%, up 60 bps; adjusted operating margin of 19.5%, up 100 bps Reported EPS of $2.26, up 9%; adjusted EPS of $2.34, up 11% Delivered strong year-to-date operating cash flow of $101 million and free cash flow of $89 million Announcing $150 million share repurchase program Increasing full-year 2023 outlook

*Performance relative to second quarter in 2022

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc., (NYSE: WTS) through its subsidiaries, one of... More