Watts Water Technologies (WTS) reported Q1 adjusted earnings late Wednesday of $2.37 per diluted share, up from $2.33 a year earlier.

Analysts polled by FactSet expected $2.12.

Net sales in the quarter ended March 30 were $558 million, down from $570.9 million a year earlier.

Analysts polled by FactSet expected $547.4 million.

The company said it expects full-year 2025 net sales growth to range between a 2% decline and a 3% increase, versus prior guidance of down 3% to up 2%.'

Shares of the company were up 2.6% in recent after-hours activity.

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