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Watts Water Technologies Q1 adjusted earnings Beat Estimates

Watts Water Technologies (WTS) reported a profit for its first quarter that climbed from the same period last year.

The company's profit totaled $31.0 million, or $0.91 per share. This compares with $28.2 million, or $0.82 per share, in last year's first quarter.

Excluding items, Watts Water Technologies reported adjusted earnings of $32.0 million or $0.94 per share for the period.

Analysts had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.7% to $388.7 million from $378.5 million last year.

Watts Water Technologies earnings at a glance:

-Earnings (Q1): $32.0 Mln. vs. . last year.
-Analysts Estimate: $0.92
-Revenue (Q1): $388.7 Mln vs. $378.5 Mln last year.

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