Watts Water Technologies Announces 0% Gain In Q4 Bottom Line

(RTTNews) - Watts Water Technologies (WTS) reported a profit for its fourth quarter that gained ground from last year.

The company said its bottom line climbed to $20.6 million, or $0.59 per share. This was higher than $20.5 million, or $0.58 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.8% to $358.3 million. This was down from $376.5 million last year.

Watts Water Technologies earnings at a glance:

-Earnings (Q4): $20.6 Mln. vs. $20.5 Mln. last year. -Earnings Growth (Y-o-Y): 0.5% -EPS (Q4): $0.59 vs. $0.58 last year. -EPS Growth (Y-o-Y): 1.7% -Analysts Estimate: $0.52 -Revenue (Q4): $358.3 Mln vs. $376.5 Mln last year. -Revenue Change (Y-o-Y): -4.8%