RTTNews | Aug 4, 2021 05:32PM EDT

17:32 Wednesday, August 4, 2021 (RTTNews.com) - Watts Water Technologies, Inc. (WTS) Wednesday reported second-quarter net income of $37.5 million or $0.1.11 per share, up from $20.2 million or $0.59 per share last year.

Adjusted earnings for the quarter were $1.48 per share, up from $0.74 per share last year.

Sales for the quarter gained 38% to $467.0 million from $338.7 million last year.

Analysts polled by Thomson Reuters expected earnings of $1.28 per share on revenues of $425.42 million for the quarter.

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