Watts Water: 2Q Earnings Snapshot

August 1, 2018

NORTH ANDOVER, Mass. (AP) _ Watts Water Technologies Inc. (WTS) on Wednesday reported second-quarter net income of $36 million.

On a per-share basis, the North Andover, Massachusetts-based company said it had net income of $1.05.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The maker of valves for plumbing, heating and water needs posted revenue of $407.9 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $402.4 million.

Watts Water shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $84, a climb of 32 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTS at https://www.zacks.com/ap/WTS

Update hourly