Watts Water Technologies Q4 Profit Increases, Beats Estimates

Watts Water Technologies

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(RTTNews) - Watts Water Technologies (WTS) announced a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $67.5 million, or $2.02 per share. This compares with $55.8 million, or $1.67 per share, last year.

Excluding items, Watts Water Technologies reported adjusted earnings of $68.5 million or $2.05 per share for the period.

Analysts on average had expected the company to earn $1.91 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.3% to $540.4 million from $547.5 million last year.

Watts Water Technologies earnings at a glance (GAAP) :

-Earnings: $67.5 Mln. vs. $55.8 Mln. last year. -EPS: $2.02 vs. $1.67 last year. -Revenue: $540.4 Mln vs. $547.5 Mln last year.