Watts Water Technologies, Inc. (WTS) Wednesday reported third-quarter net income of $32.9 million or $0.97 per share, up from $32.3 million or $0.94 per share last year.
Adjusted earnings for the quarter were $1.05 per share, up from $1.04 per share last year.
Sales for the third quarter dropped 3% to $383.9 million from $394.7 million last year.
Analysts polled by Thomson Reuters estimated earnings of $0.87 per share on revenues of $363.25 million.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.