logo
Share SHARE
FONT-SIZE Plus   Neg

Watts Water Technologies Provides Q1 Outlook

Watts Water Technologies, Inc. (WTS) announced preliminary results for the first quarter ended April 1, 2012. Net income on a GAAP basis for the first quarter is expected to range from $15.0 million to $16.0 million, or from $0.40 to $0.43 per share.

The company expects sales for the first quarter to be about $364 million, an increase of approximately 10%, compared to the first quarter of 2011. A majority of the sales increase is attributable to the acquisition of Socla, which was purchased in April 2011.

Analysts currently expect first quarter earnings of $0.59 per share and revenues of $370.40 million.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the first quarter, driven largely revenue growth in search and advertising. Alphabet's first-quarter profit rose to $5.43 billion or $7.73 per share from $4.21 billion or $6.02 per share last year. On... A passenger was booted from a Delta Air Lines flight after an emergency run to the bathroom while the plane was delayed for almost two hours on the tarmac, according to media reports. Kima Hamilton, 39, reportedly said that he needed to use the restroom while the plane was on the tarmac in Atlanta en route to Milwaukee on April 18. McDonald's is going to discontinue a popular item that has been on the menu for decades - the Hi-C Orange Lavaburst - from May 1, according to a memo posted on Reditt. With customers having only a few more days to get their hands on the iconic, popular beverage before its gone forever, McDonald's is already facing a backlash for its decision.
comments powered by Disqus
Follow RTT