Watts Water Technologies: Q1 Earnings Insights

Shares of Watts Water Technologies WTS moved higher in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share rose 30.53% year over year to $1.24, which beat the estimate of $1.00.

Revenue of $413,300,000 higher by 8.02% from the same period last year, which beat the estimate of $386,010,000.

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

Company's 52-week high was at $131.51

Company's 52-week low was at $71.01

Price action over last quarter: Up 1.38%

Company Description

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.