Watts Water: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 05:58 PM ET
Last Updated - Dec 16, 2024, 05:49 PM EST
NORTH ANDOVER, Mass. (AP) — NORTH ANDOVER, Mass. (AP) — Watts Water Technologies Inc. (WTS) on Wednesday reported third-quarter profit of $69.1 million.
The North Andover, Massachusetts-based company said it had profit of $2.06 per share. Earnings, adjusted for one-time gains and costs, came to $2.03 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.
The maker of valves for plumbing, heating and water needs posted revenue of $543.6 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $538.8 million.
