Watts Water Technologies Q3 EPS $4.34
WTS•Watts Water Technologies reported third-quarter net income of $145.4 million, sales of $728 million and adjusted EPS of $3.40. Sales and adjusted EPS exceeded estimates of $692.5 million and $3.14, respectively.
1. Quarterly results
Watts Water Technologies reported third-quarter net income of $145.4 million on sales of $728 million, compared with an estimate of $692.5 million. Adjusted EPS was $3.40, versus an estimate of $3.14. Operating margin was 26.2% and adjusted operating margin was 20.9%.
