Watts Q4 2019 Earnings Report
Key Takeaways
Watts Water Technologies reported a solid finish to 2019, with fourth-quarter sales increasing by 3% to $400 million and organic growth of 4%. GAAP EPS was $0.93, while adjusted EPS reached $1.00, a 14% increase. The company leveraged sales growth and productivity to achieve higher operating income and record operating margin and earnings per share on an adjusted basis.
Sales increased 3% to $400 million; organic growth of 4%, foreign exchange –1%.
GAAP and adjusted operating margin of 11.8% and 12.5%, respectively.
GAAP EPS of $0.93, -1% vs. last year; adjusted EPS of $1.00, + 14%.
Organic sales growth and adjusted operating margin expansion met original 2019 expectations.
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Forward Guidance
We intend to continue to drive our long-term strategy and to invest for the future.”
Revenue & Expenses
Visualization of income flow from segment revenue to net income