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

Watts Water Technologies (NYSE: WTS) reported Q2 EPS of $2.34, $0.30 better than the analyst estimate of $2.04. Revenue for the quarter came in at $533 million versus the consensus estimate of $526.34 million.

GUIDANCE:

Organic revenue growth is now expected to range from negative 2% to positive 2%, raising the midpoint by 2%. Adjusted operating margin is now expected to range from 16.7% to 17.3%, raising the midpoint by 100 basis points.

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

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