Watts Water Technologies (WTS) Tops Q3 EPS by 21c, Beats on Revenue

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Go back to Watts Water Technologies (WTS) Tops Q3 EPS by 21c, Beats on Revenue

Watts Water Technologies Reports Record Third Quarter 2023 Results

November 1, 2023 4:31 PM EDT

Reported sales of $504 million increased 3%; organic sales were flat versus prior year Reported operating margin of 17.3%, up 80 bps; adjusted operating margin of 18.0%, up 120 bps Reported EPS of $1.96, up 12%; adjusted EPS of $2.04, up 14% Delivered strong year-to-date operating cash flow of $201 million and free cash flow of $182 million Increasing full-year 2023 operating margin outlook Closed on the acquisition of Bradley Corporation on October 23, 2023

*Performance relative to third quarter in 2022

NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies, Inc., (NYSE:... More