Watts Water: Fourth Quarter Earnings Overview
Watts Water Technologies Announces Strong Fourth-Quarter Results
Watts Water Technologies Inc., headquartered in North Andover, Massachusetts, revealed its financial performance for the fourth quarter, reporting a net income of $83.7 million.
The company achieved earnings of $2.50 per share during this period. After accounting for expenses related to mergers, acquisitions, and restructuring, adjusted earnings reached $2.62 per share.
These figures surpassed analysts’ expectations, as the consensus from six analysts polled by Zacks Investment Research had projected earnings of $2.36 per share.
Watts Water Technologies, which specializes in manufacturing valves for plumbing, heating, and water systems, generated $625.1 million in revenue for the quarter. This result also outperformed forecasts, with five analysts surveyed by Zacks anticipating $611.3 million.
For the full year, the company reported a total profit of $340.8 million, translating to $10.17 per share, with annual revenue reaching $2.44 billion.
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