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Last $54.61 USD
Change Today +0.12 / 0.22%
Volume 203.4K
As of 6:40 PM 08/28/15 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 Second Quarter and Six Months Ended June 28, 2015

Watts Water Technologies, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company reported net sales of $386.9 million compared to $396.0 million a year ago. Operating income was $34.8 million compared to $36.6 million a year ago. Income from continuing operations before income taxes was $29.5 million compared to $32 million a year ago. Net income was $19.3 million or $0.55 per basic and diluted share compared to $21.3 million or $0.60 per basic and diluted share a year ago. Operating income - as adjusted was $42 million compared to $40.8 million a year ago. Net income from continuing operations - as adjusted was $24.3 million compared to $24.3 million a year ago. Diluted earnings per share - as adjusted were $0.69 compared to $0.69 a year ago. For the six months, the company reported net sales of $743.1 million compared to $761.2 million a year ago. Operating income was $57.6 million compared to $62.4 million a year ago. Income from continuing operations before income taxes was $46.8 million compared to $52.6 million a year ago. Net income was $30.9 million or $0.88 per basic and diluted share compared to $35.4 million or $1.00 per basic and diluted share a year ago. Net cash provided by continuing operations was $41.9 million compared to $18.4 million a year ago. Additions to property, plant and equipment were $12.5 million compared to $10.6 million a year ago. Operating income - as adjusted was $71.3 million compared to $74.3 million a year ago. Net income from continuing operations - as adjusted was $40.2 million compared to $43.6 million a year ago. Diluted earnings per share - as adjusted were $1.14 compared to $1.24 a year ago. Net debt as at June 28, 2015 was $293.9 million compared to $278.6 million a year ago.

Watts Water Technologies, Inc. Declares Quarterly Dividend, Payable on August 28, 2015

Watts Water Technologies, Inc. declared a quarterly dividend of seventeen cents ($0.17) per share on each outstanding share of the company’s Class A Common Stock and Class B Common Stock, said dividend to be paid on August 28, 2015 to stockholders of record at the close of business on August 17, 2015.

Watts Water Technologies Eyes Acquisitions

Watts Water Technologies, Inc. (NYSE:WTS) is looking for acquisitions. Robert J. Pagano Jr., Chief Executive Officer said, "This action reflects our ongoing commitment to enhance shareholder value and to execute our balanced cash allocation strategy. We expect to use available cash to fund this program. We remain committed to our long-term growth strategy of growing the business organically and through acquisitions and we are comfortable that we will continue to have sufficient capital available to us to fund future acquisitions."

Watts Water Technologies, Inc. to Report Q2, 2015 Results on Jul 29, 2015

Watts Water Technologies, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 29, 2015

Watts Water Technologies, Inc., Q2 2015 Earnings Call, Jul 30, 2015

Watts Water Technologies, Inc., Q2 2015 Earnings Call, Jul 30, 2015

 

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Industry Analysis

WTS

Industry Average

Valuation WTS Industry Range
Price/Earnings 41.3x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 40.6x
TEV/Sales 0.7x
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