Watts Water Technologies, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 26, 2021
November 03, 2021 at 04:46 pm EDT
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Watts Water Technologies, Inc. reported earnings results for the third quarter and nine months ended September 26, 2021. For the third quarter, the company reported sales was USD 455 million compared to USD 383.9 million a year ago. Net income was USD 46.4 million compared to USD 32.9 million a year ago. Basic earnings per share from continuing operations was USD 1.38 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 1.37 compared to USD 0.97 a year ago.
For the nine months, sales was USD 1,335.3 million compared to USD 1,105.2 million a year ago. Net income was USD 125.6 million compared to USD 85.1 million a year ago. Basic earnings per share from continuing operations was USD 3.72 compared to USD 2.51 a year ago. Diluted earnings per share from continuing operations was USD 3.7 compared to USD 2.5 a year ago.
Watts Water Technologies, Inc. is a supplier of products, solutions and systems that manage and conserve the flow of fluids and energy into, through and out of buildings. The Companyâs product lines include residential and commercial flow control products, such as backflow preventers, water pressure regulators, temperature and pressure relief valves, and leak detection products; heating, ventilation and air conditioning and gas products, which include water heaters and heating solutions, hydronic and electric heating systems for under-floor radiant applications, custom heat and hot water solutions and hydronic pump groups; drainage and water re-use products, which includes drainage and engineered rainwater harvesting solutions for commercial, industrial, marine and residential applications, and water quality products, such as point-of-use and point-of-entry water filtration and scale prevention systems. The Company also offers commercial washroom and emergency safety products.
WATTS WATER TECHNOLOGIES, INC. 
