Watts Water (WTS) Tops Q2 Earnings, Records In-Line Revenues
Zacks Investment Research | Aug 02, 2017 10:15PM ET
Watts Water Technologies, Inc. (NYSE:WTS) reported second-quarter 2017 adjusted earnings of 83 cents per share, up 11% year over year, primarily on the back of operational improvement, driven by productivity and restructuring initiatives. Earnings also surpassed the Zacks Consensus Estimate of 80 cents.
On a reported basis, including special items, Watts Water’s earnings were 79 cents per share in the quarter, down 5% year over year from 83 cents recorded in the year-ago quarter.
Total revenue was up 2% year over year to $378.5 million in the quarter. It came in line with the Zacks Consensus Estimate of $379 million. Organic sales remained flat year over year.
Watts Water Technologies, Inc. Price, Consensus and EPS Surprise
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