An update from Watts Water Technologies ( (WTS) ) is now available.
Watts Water Technologies announced a robust third quarter for 2024, with sales hitting $544 million, marking an 8% increase despite organic sales dipping 4%. The company is navigating economic challenges effectively, focusing on customer service and productivity, which led them to raise their full-year operating margin outlook. Additionally, the upcoming retirement of CFO Shashank Patel was announced, with a search underway for his successor. The firm continues to leverage strong cash flow and strategic investments to drive future growth.
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