Watts Water Technologies beats Q4 revenue and profit expectations.

From StockStory: 2025-02-10 16:43:47

Watts Water Technologies (NYSE:WTS) reported Q4 CY2024 results with revenue of $540.4 million, beating analyst estimates by 0.6%. Non-GAAP profit per share was $2.05, surpassing expectations by 7.3%. The company’s CEO commended the team for record results in 2024. Watts Water specializes in water products globally. Sales growth has been mediocre at 7.1% annually over the last five years, with organic revenue flat. Operating margin rose to 16.5%, showing improved efficiency. EPS grew at a 16.9% annual rate over five years. In Q4, EPS was $2.05, up from $1.97 last year. Wall Street expects EPS to grow by 1.1% in the next 12 months.



Read more at StockStory: Watts Water Technologies’s (NYSE:WTS) Q4: Beats On Revenue