Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Watts Water Technologies Provides Q1 Outlook

RELATED NEWS
Trade WTS now with 

Watts Water Technologies, Inc. (WTS: Quote) 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.

Click here to receive FREE breaking news email alerts for Watts Water Technologies and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Micro-blogging site Twitter Inc said Tuesday after the markets closed that its second quarter loss widened from last year, hurt mainly by stock-based compensation expense, even as revenue more than doubled thanks to growth in advertising. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue. Pharmaceutical giant Pfizer, Inc., which was aspiring to buy British drug maker AstraZeneca Plc, reported Tuesday a profit for the second quarter that plunged 79 percent from last year, which reflected hefty gains from animal health business sales. Total revenues declined 2 percent, as it continued to be hurt by generic competition for major drugs. Home improvement and building products company Masco Corp. said Monday after the markets closed that its second quarter profit jumped 78% from last year, as revenue increased and margins improved amid strong performance of its Plumbing Products, Installation and Other Services and Decorative Architectural Products segments.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.