Watts Water Technologies: Q2 Earnings Insights

Shares of Watts Water Technologies WTS were unchanged in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 32.11% year over year to $0.74, which beat the estimate of $0.39.

Revenue of $338,700,000 declined by 18.74% year over year, which beat the estimate of $315,640,000.

Guidance

Watts Water Technologies hasn't issued any earnings guidance for the time being.

Watts Water Technologies hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $114.45

52-week low: $69.02

Price action over last quarter: Up 9.99%

Company Profile

Watts Water Technologies is a U.S.-based company that provides safety, energy efficiency, and water conservation products. The company's product portfolio includes residential and commercial flow control products, which are sold for plumbing and hot water applications; HVAC and gas products, including commercial boilers, water heaters, and heating solutions, and heating systems; drainage and water reuse products, including drainage products and engineered rainwater-harvesting solutions; and water quality products, including point-of-use and point-of-entry water filtration, conditioning, and scale prevention systems. The company generates most of its revenue from markets in the Americas and in Europe, the Middle East, and Africa.