WTS reported Q4 earnings of $2.05, beating expectations. Company sales of $540.4 million exceeded analyst estimates. CEO acknowledged record results for the quarter and year. WTS shares fell 1.8% despite positive earnings report. Analysts adjusted price targets but maintained Hold and Neutral ratings.
- WTS reported Q1 2024 EPS of $2.33, up 21% YoY, and net sales of $570.9 million. - Organic sales up 6% YoY, driven by higher revenue growth in APMEA and Americas. - For Q2 2024, WTS expects a decrease in organic sales and adjusted margins. - Cash from operating activities increased to $45.6 million in Q1 2024. - WTS has a Zacks Rank #2 (Buy) and expects organic sales to be down 4% to increase 1%. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings
- Q1 2024 revenue for WTS: $570.9 million, up 21% YoY. - EPS for Q1 2024: $2.33, with a +10.43% surprise. - Regional revenue: Europe -3.9%, Americas +29.6%, APMEA +42.6%. - WTS stock returned +1.8% over the past month with Zacks Rank #2. Price Impact Rating: Bullish Impact Horizon Rating: Short-term Type: Earnings