Watts Water Technologies (WTS) revealed earnings for its third quarter that rose from the same period last year.
The company's bottom line totaled $46.4 million, or $1.37 per share. This compares with $32.9 million, or $0.97 per share, in last year's third quarter.
Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 18.5% to $455.0 million from $383.9 million last year.
Watts Water Technologies earnings at a glance:
-Earnings (Q3): . vs. . last year.-EPS (Q3): $1.39 vs. $1.05 last year.-Analysts Estimate: $1.29-Revenue (Q3): $455.0 Mln vs. $383.9 Mln last year.
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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.