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Stock impact report

Watts Water Technologies Reports Record Third Quarter 2022 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 $488 million increased 7%; increased 12% on an organic basisGAAP operating margin of 16.5%, up 230 bps; adjusted operating margin of 16.8%, up 240 bpsGAAP EPS of $1.75, up 28%; adjusted EPS of $1.79, up 29%Increased full-year 2022 outlook*Performance relative to third quarter in 2021. NORTH ANDOVER, Mass.--(BUSINESS WIRE)--Watts Water Technologies, Inc. (NYSE: WTS) – one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions – today announced results for the third quarter of 2022.Chief Executive Officer Robert J. Pagano Jr. commented, “Our third quarter results exceeded our expectations and represent a third quarter record for sales, operating margin and EPS. Double-digit organic sales growth was due to strong execution in the Americas and a solid rebound in APMEA. Due to the strength of our third quarter, we are again increasing our full-year 2022 outlook. We now expect organic revenue growth of 11% to 12% Show less Read more
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