Watts Water Technologies, Inc. (WTS) Tuesday reported first-quarter profit of$16.1 million or $0.45 per share, up from $15.7 or $0.42 per share in the same period last year.
Net income from continuing operations improved to $16.1 million or $0.45 per share from $15.5 million or $0.42 per share last year.
Adjusted earnings for the quarter was $0.49 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.58 per share for the quarter.
Sales improved 0.2 percent to $362.1 million from $361.2 million last year. Analysts expected revenues of $370.48 million.
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