Watts Water Technologies Reports Increase In Q4 Profit

(RTTNews) - Watts Water Technologies (WTS) reported earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line totaled $25.4 million, or $0.74 per share. This was higher than $22.2 million, or $0.64 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.73 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.1% to $366.3 million. This was up from $342.0 million last year.

Watts Water Technologies earnings at a glance:

-Earnings (Q4): $25.4 Mln. vs. $22.2 Mln. last year. -Earnings Growth (Y-o-Y): 14.4% -EPS (Q4): $0.74 vs. $0.64 last year. -EPS Growth (Y-o-Y): 15.6% -Analysts Estimate: $0.73 -Revenue (Q4): $366.3 Mln vs. $342.0 Mln last year. -Revenue Change (Y-o-Y): 7.1%