Watts Water Technologies (WTS) Tops Q3 EPS by 2c, Beats on Revenues

Watts Water Technologies (NYSE: WTS) reported Q3 EPS of $0.80, $0.02 better than the analyst estimate of $0.78. Revenue for the quarter came in at $365 million versus the consensus estimate of $361.21 million.

• Reported sales of $365 million, up 7% year-over-year driven primarily by PVI acquisition; organic sales up 1%
• GAAP operating margin of 12.1%, up 140 bps year-over-year; adjusted operating margin of 12.6%, up 50 bps year-over-year
• GAAP EPS of $0.77, up 22%; adjusted EPS of $0.80, up 13%; both records for the third quarter
• Year-to-date cash flow from operations up 5%; year-to-date free cash flow up 31%

For earnings history and earnings-related data on Watts Water Technologies (WTS) click here.

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