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Stock impact report

Watts Water Technologies Reports Record First Quarter 2024 Results

Watts Water Technologies, Inc. Class A (WTS) 
Last watts water technologies, inc. class a earnings: 2/10 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.wattswater.com
Company Research Source: Business Wire
Reported sales of $571 million increased 21%; organic sales increased 6% including ~7% due to extra shipping daysReported operating margin of 16.9%, down 110 bps; adjusted operating margin of 18.2%, up 30 bpsReported EPS of $2.17, up 12%; adjusted EPS of $2.33, up 21%Announced 19% increase in quarterly dividend paymentsIncreasing full-year 2024 sales and margin outlookNote changes in performance are relative to first quarter 2023 NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc., (NYSE: WTS) – through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the first quarter of 2024.Chief Executive Officer Robert J. Pagano Jr. commented, “Our first quarter results exceeded expectations as we delivered record first quarter sales, operating earnings, adjusted operating margin and EPS. I am grateful for the entire Watts team and our sales representatives who Show less Read more
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