RTTNews | Nov 4, 2020 05:05PM EST

17:04 Wednesday, November 4, 2020 (RTTNews.com) - Watts Water Technologies, Inc. (WTS) Wednesday reported third-quarter net income of $32.9 million or $0.97 per share, up from $32.3 million or $0.94 per share last year.

Adjusted earnings for the quarter were $1.05 per share, up from $1.04 per share last year.

Sales for the third quarter dropped 3% to $383.9 million from $394.7 million last year.

Analysts polled by Thomson Reuters estimated earnings of $0.87 per share on revenues of $363.25 million.

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