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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