Watts Water Technologies Q1 adjusted earnings Beat Estimates

(RTTNews) - Watts Water Technologies (WTS) revealed a profit for its first quarter that rose from the same period last year.

The company's bottom line came in at $28.2 million, or $0.82 per share. This compares with $21.7 million, or $0.63 per share, in last year's first quarter.

Excluding items, Watts Water Technologies reported adjusted earnings of $28.2 million or $0.82 per share for the period.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.0% to $378.5 million from $347.2 million last year.

Watts Water Technologies earnings at a glance:

-Earnings (Q1): $28.2 Mln. vs. $22.3 Mln. last year. -EPS (Q1): $0.82 vs. $0.65 last year. -Analysts Estimate: $0.79 -Revenue (Q1): $378.5 Mln vs. $347.2 Mln last year.