Watts Water Technologies (WTS) Tops Q1 EPS by 18c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Watts Water Technologies Reports Solid First Quarter Results Driven by Strong Operating Performance
May 4, 2016 4:31 PM EDTSales totaled $344 million, down 3.4% year-over-year due to the 2015 exit of non-core product Organic sales up 6% driven by growth across all regions and additional shipping days Adjusted operating margin expanded 260 bps to 10.8% (GAAP margin of 9.1%) due to stronger volume, favorable product mix and productivity, including incremental restructuring savings Adjusted EPS of $0.57 and GAAP EPS of $0.47, up 27% and 42%, respectively Maintaining full year outlook
NORTH ANDOVER, Mass.--(BUSINESS WIRE)-- Watts Water Technologies,... More
