Watts Water Technologies (WTS) Tops Q3 EPS by 3c, to Acquire Apex Valves Limited
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Watts Water Technologies Reports Third Quarter Results for 2015 and Announces Agreement to Purchase Apex Valves Limited
October 28, 2015 4:30 PM EDTReported sales of $366.3 million Adjusted operating margin of 11.4%; GAAP operating margin of (8.2%) Adjusted EPS of $0.67; GAAP EPS of ($0.73) Foreign currency exchange rates negatively affected revenue growth by 6.5% and EPS by $0.06 Signed definitive agreement to purchase the shares of Apex Valves Limited Finalized sale of certain non-core product lines to Sioux Chief Mfg. Co. for approximately $33 million Completed the settlement of pension and other long-term... More
