Watts Water Technologies Announces Quarterly Dividend and Reports Q2 Earnings Beat
Watts Water Technologies (WTS) has declared a quarterly dividend of $0.63 per share, payable on December 15 to shareholders of record as of December 1. This announcement follows a strong second quarter performance where the company exceeded market expectations. The company reported non-GAAP earnings per share of $3.66, beating estimates by $0.32, and revenue of $763 million, which surpassed projections by approximately $37 million. Management is projecting organic sales growth between 8% and 11%, driven significantly by demand in the data center sector.
Topics: data center demand dividend declaration earnings beat revenue growth
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