WATTS WATER TECHNOLOGIES INC WTS Income Statement

Watts water technologies inc (WTS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net Sales
382,600	400,300	394,700	416,800	388,700	387,600	390,900	407,900	378,500	366,300	364,700	378,500	347,200	342,000	341,100	371,100	344,200	358,300	366,300	386,900	356,200	376,500	376,000	396,000	365,200	376,000	371,800	366,800	358,900	346,000	352,800	367,400	361,200	331,000	370,800	375,700	329,900	316,700	314,600	324,000	319,300	303,800	308,200
Cost of goods sold
219,800	230,200	226,100	242,200	224,500	221,700	226,400	238,500	221,800	217,100	212,000	221,800	203,400	204,300	199,100	220,400	209,000	223,700	224,100	241,100	225,700	245,100	237,900	257,000	231,900	245,100	237,900	234,000	230,000	219,100	225,100	237,000	232,700	209,600	235,100	245,400	208,900	203,800	200,800	203,400	201,700	194,400	199,000
GROSS PROFIT
162,800	170,100	168,600	174,600	164,200	165,900	164,500	169,400	156,700	149,200	152,700	156,700	143,800	137,700	142,000	150,700	135,200	134,600	142,200	145,800	130,500	131,400	138,100	139,000	133,300	130,900	133,900	132,800	128,900	126,900	127,700	130,400	128,500	121,400	135,700	130,300	121,000	112,900	113,800	120,600	117,600	109,400	109,200
Selling, general and administrative expenses
115,000	121,200	119,800	119,000	116,100	120,500	114,200	117,200	112,800	107,500	107,000	110,200	107,600	106,500	104,500	110,500	102,600	112,700	166,600	106,300	105,700	108,900	95,000	99,800	103,300	111,100	100,700	95,200	98,100	94,700	91,700	96,000	100,200	83,700	92,600	98,200	97,000	84,300	79,300	84,800	88,300	78,800	79,900
Restructuring
-	1,600	0	1,300	1,400	-	3,400	-	-	3,200	1,400	1,700	500	-900	1,000	3,200	1,400	8,900	5,800	4,700	2,000	8,000	400	2,600	4,200	1,700	2,800	2,000	2,200	1,800	-500	1,200	1,700	300	1,900	5,500	1,100	3,800	3,000	2,500	3,300	6,300	800
Goodwill and other long-lived impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	-	-	2,400	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,600	-	-	-	-	-	-	-	-	-	-	-	-
OPERATING INCOME
47,800	47,300	48,800	54,300	46,700	45,400	46,900	52,200	43,900	37,500	44,300	44,800	35,700	31,600	36,500	45,700	31,200	-117,500	-30,200	34,800	22,800	300	42,700	36,600	25,800	17,100	30,200	35,600	28,600	31,000	32,500	33,200	26,600	42,800	41,200	26,600	22,900	23,400	31,500	33,300	26,000	24,300	28,500
Other (income) expense:
Interest income
100	100	100	100	100	200	100	100	400	400	200	200	200	200	300	300	200	300	300	200	200	300	100	200	100	200	100	200	100	200	100	200	200	300	200	200	300	300	200	300	200	300	300
Interest expense
3,000	3,300	3,500	3,700	3,600	3,700	3,900	4,400	4,300	4,600	4,700	5,000	4,800	5,500	4,900	5,500	6,700	6,300	6,200	5,900	5,900	5,300	4,800	4,900	4,900	4,900	5,100	5,500	6,000	6,200	6,100	6,100	6,200	6,700	6,500	6,700	5,900	6,100	6,100	5,400	5,200	5,500	5,700
Other income
-300	100	800	100	-500	-300	900	1,800	-700	-300	-300	-200	-300	800	500	900	2,200	1,600	200	400	200	-1,200	-1,600	100	-400	-	-300	-1,400	-	-700	600	0	900	-400	300	-600	-100	800	500	600	200	500	-
Total other expense
-3,200	-3,100	-2,600	-3,500	-4,000	-3,800	-2,900	-2,500	-4,600	-4,500	-4,800	-5,000	-4,900	-4,500	-4,100	-4,300	-4,300	-4,400	-5,700	-5,300	-5,500	-6,200	-6,300	-4,600	-5,200	-5,800	-5,300	-6,700	-5,900	-6,700	-5,400	-5,900	-5,100	-6,800	-6,000	-7,100	-5,700	-5,000	-5,400	-4,500	-4,800	-4,700	-5,400
INCOME BEFORE INCOME TAXES
44,600	44,200	46,200	50,800	42,700	41,600	44,000	49,700	39,300	33,000	39,500	39,800	30,800	27,100	32,400	41,400	26,900	-121,900	-35,900	29,500	17,300	-5,900	36,400	32,000	20,600	11,300	24,900	28,900	22,700	24,300	27,100	27,300	21,500	36,000	35,200	19,500	17,200	18,400	26,100	28,800	21,200	19,600	23,100
Provision for income taxes
12,600	12,400	13,900	14,400	11,700	9,300	12,500	13,700	11,100	35,300	13,000	12,600	9,100	9,600	10,500	12,800	10,700	-3,800	-10,200	10,200	5,700	1,800	13,800	10,700	6,500	3,100	7,400	10,000	6,400	5,900	8,800	9,100	6,000	6,400	11,600	6,600	6,100	7,000	8,800	6,600	9,000	8,000	7,900
NET (LOSS) INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,200	17,500	18,900	16,300	-	18,300	18,200	-	-	-	-	-	-	-	-	-	-	-
NET INCOME FROM CONTINUING OPERATIONS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,500	-	23,600	12,900	-	11,400	17,300	22,200	12,200	11,600	15,200
Loss from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,100	0	-200	-2,900	400	300	200	-	100	1,700	-	-100	0	-100	-4,100	-8,200	-18,800
NET INCOME
32,000	31,800	32,300	36,400	31,000	32,300	31,500	36,000	28,200	-2,300	26,500	27,200	21,700	17,500	21,900	28,600	16,200	-118,100	-25,700	19,300	11,600	-7,700	22,600	21,300	14,100	8,200	15,400	18,900	16,100	15,500	18,700	18,500	15,700	17,000	23,700	14,600	11,100	11,300	17,300	22,100	8,100	3,400	-3,600
BASIC EPS
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.24	0.49	0.53	0.46	0.52	0.52	0.50	0.42	-	0.63	0.34	-	0.30	0.46	0.60	0.33	0.31	0.41
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	-0.06	0.00	-0.01	-	0.01	0.01	-	-	-	0.05	-	-0.01	0.00	0.00	-0.11	-0.22	-0.51
NET INCOME PER SHARE
0.94	0.94	0.95	1.06	0.91	0.94	0.92	1.05	0.82	-0.07	0.77	0.79	0.63	0.52	0.63	0.83	0.47	-3.39	-0.73	0.55	0.33	-0.22	0.64	0.60	0.40	0.24	0.43	0.53	0.45	0.44	0.53	0.51	0.42	0.46	0.63	0.39	0.30	0.31	0.46	0.59	0.22	0.09	-0.10
Weighted average number of shares (in shares)
34,000	34,100	34,000	34,100	34,200	34,200	34,300	34,400	34,300	34,300	34,400	34,500	34,400	34,200	34,500	34,500	34,400	34,500	35,000	35,000	35,100	35,200	35,300	35,300	35,400	35,600	35,400	35,500	35,500	35,500	35,100	36,500	36,900	36,700	37,400	37,600	37,500	37,600	37,300	37,200	37,100	37,000	37,000
DILUTED EPS
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.23	0.49	0.53	0.46	0.51	0.52	0.50	0.42	-	0.63	0.34	-	0.31	0.46	0.59	0.33	0.31	0.41
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	-0.06	0.00	-0.01	-	0.01	0.01	-	-	-	0.05	-	-0.01	0.00	0.00	-0.11	-0.22	-0.51
NET INCOME PER SHARE
0.94	0.94	0.94	1.06	0.91	0.94	0.92	1.05	0.82	-0.07	0.77	0.79	0.63	0.51	0.63	0.83	0.47	-3.39	-0.73	0.55	0.33	-0.22	0.64	0.60	0.40	0.24	0.43	0.53	0.45	0.44	0.53	0.51	0.42	0.47	0.63	0.39	0.29	0.30	0.46	0.59	0.22	0.09	-0.10
Weighted average number of shares (in shares)
34,100	34,200	34,200	34,200	34,200	34,000	34,400	34,400	34,400	34,200	34,400	34,500	34,500	34,500	34,500	34,500	34,500	34,300	35,000	35,100	35,200	35,300	35,400	35,400	35,500	35,600	35,600	35,600	35,600	35,600	35,200	36,600	37,000	37,000	37,500	37,800	37,700	37,400	37,500	37,400	37,300	37,100	37,000
Dividends declared per share (in dollars per share)
0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.21	0.19	0.19	0.19	0.19	0.18	0.18	0.18	0.18	0.17	0.17	0.17	0.17	0.15	0.15	0.15	0.15	0.13	0.13	0.13	0.13	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11