Watts Water Technologies Announces 8% Rise In Q4 Bottom Line

(RTTNews) - Watts Water Technologies (WTS) reported a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line totaled $22.2 million, or $0.64 per share. This was up from $20.6 million, or $0.59 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.5% to $342.0 million. This was down from $358.3 million last year.

Watts Water Technologies earnings at a glance:

-Earnings (Q4): $22.2 Mln. vs. $20.6 Mln. last year. -Earnings Growth (Y-o-Y): 7.8% -EPS (Q4): $0.64 vs. $0.59 last year. -EPS Growth (Y-o-Y): 8.5% -Analysts Estimate: $0.64 -Revenue (Q4): $342.0 Mln vs. $358.3 Mln last year. -Revenue Change (Y-o-Y): -4.5%