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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.
See more insights into WTS stock on TipRanks’ Stock Analysis page.