Watts Water Technologies Inc Q1 FY2021 Earnings Call

Watts Water Technologies Inc (WTS)

Earnings Call FY2021 Q1 Call date: 2021-05-04 Concluded

Quarter scorecard

Revenue

$413.30M

+8% YoY

Diluted EPS

$1.23

+30.9% YoY

Gross margin

42.0%

-0.6 pp YoY

Net income

$41.70M

+30.3% YoY

Residential and Commercial Flow Control $224.20M

+13.4%

HVAC and Gas $122.40M

+7.7%

Drains and Water Reuse $39.30M

-8%

Water Quality $27.40M

-4.2%