Watts Water Technologies Reports Third Quarter 2020 Results
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Watts Water Technologies (WTS) Tops Q3 EPS by 18c, Revenues Beat
November 4, 2020 4:11 PM ESTWatts Water Technologies (NYSE: WTS) reported Q3 EPS of $1.05, $0.18 better than the analyst estimate of $0.87. Revenue for the quarter came in at $384 million versus the consensus estimate of $363.25 million.
Reported sales of $384 million, down 3% on reported basis; down 5% on organic basisGAAP operating margin of 12.5%, up 10 bps; adjusted operating margin of 13.8%, up 50 bpsGAAP and adjusted EPS of $0.97 and $1.05, representing increases of 3% and 1%, respectivelyRecorded $3.4 million of restructuring and other related... More