Watts Water Technologies Q2 Profit Increases, Beats Estimates

(RTTNews) - Watts Water Technologies (WTS) reported a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $100.9 million, or $3.01 per share. This compares with $82.0 million, or $2.44 per share, last year.

Excluding items, Watts Water Technologies reported adjusted earnings of $103.7 million or $3.09 per share for the period.

Analysts on average had expected the company to earn $2.63 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.8% to $643.7 million from $597.3 million last year.

Watts Water Technologies earnings at a glance (GAAP) :

-Earnings: $100.9 Mln. vs. $82.0 Mln. last year. -EPS: $3.01 vs. $2.44 last year. -Revenue: $643.7 Mln vs. $597.3 Mln last year.

The company increased its full year 2025 sales and margin outlook.

Annual sales are expected to increase between 2% to 5% and organic sales growth to range from flat to up 3%. Full year operating margin is expected to be between 17.2% and 17.8%, or down 10 to up 50 basis points.