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Last $54.77 USD
Change Today +0.89 / 1.65%
Volume 235.5K
WTS On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

watts water technologies-a (WTS) Key Developments

Watts Water Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Declares Increased Quarterly Dividend for the second quarter of 2015, Payable on May 29, 2015

Watts Water Technologies, Inc. announced unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company reported net sales of $356.2 million against $365.2 million a year ago. Operating income was $22.8 million against $25.8 million a year ago. Income from continuing operations before income taxes was $17.3 million against $20.6 million a year ago. Net income was $11.6 million or $0.33 basic and diluted per share against $14.1 million or $0.40 basic and diluted per share a year ago. Net cash provided by continuing operations was $0.8 million against net cash used in continuing operations of $18.7 million a year ago. Additions to property, plant and equipment were $5.6 million against $5.0 million a year ago. Operating income - as adjusted was $29.3 million against $33.5 million a year ago. Net income from continuing operations - as adjusted was $15.9 million or $0.45 diluted per share against $19.3 million or $0.55 diluted per share a year ago. Free cash outflow was $4.8 million against $23.6 million a year ago. Net debt as on March 29, 2015 was $317.1 million. The company increased its quarterly dividend by 13.3%, or $0.02 per share, to $0.17 per share for the second quarter of 2015. The dividend will be payable on May 29, 2015 to the Company’s Class A and Class B Common Stockholders of record at the close of business on May 18, 2015.

Watts Water Technologies, Inc. to Report Q1, 2015 Results on Apr 29, 2015

Watts Water Technologies, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on Apr 29, 2015

Watts Water Technologies, Inc., Q1 2015 Earnings Call, Apr 30, 2015

Watts Water Technologies, Inc., Q1 2015 Earnings Call, Apr 30, 2015

Watts Water Technologies, Inc. Appoints Todd A. Trapp as Chief Financial Officer, Effective April 9, 2015

Watts Water Technologies, Inc. announced the appointment of Todd A. Trapp as Chief Financial Officer effective April 9, 2015. Mr. Trapp comes to Watts from Honeywell International Inc., where he most recently held the position of Vice President of Financial Planning and Analysis, responsible for leading the annual and strategic planning processes for the $40 billion conglomerate. During his twelve-year career at Honeywell, Mr. Trapp also served as Chief Financial Officer of the Airlines Business Unit and Vice President of Business Analysis and Planning for the Aerospace Division, Director of Finance for the Transportation Systems Division, Investor Relations Manager and other senior finance positions.

Watts Water Technologies, Inc. Announces Management Changes, April 6, 2015

Watts Water Technologies, Inc. announced that Munish Nanda will join the company as President, Americas on April 6, 2015. Mr. Nanda comes to Watts Water from ITT Corporation where he most recently served as President of Control Technologies and previously as Vice President of Integrated Supply Chain (including Operations and Supply Chain functions) for ITT’s Fluid and Motion Control Group. Mr. Nanda is replacing Suellen Torregrosa, who has announced that she will be leaving Watts Water within the next few weeks.

 

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WTS

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Valuation WTS Industry Range
Price/Earnings 39.8x
Price/Sales 1.3x
Price/Book 2.2x
Price/Cash Flow 39.3x
TEV/Sales 0.7x
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