05:24 PM EDT, 05/08/2024 (MT Newswires) -- Watts Water Technologies ( WTS ) reported Q1 adjusted earnings late Wednesday of $2.33 per diluted share, up from $1.92 a year earlier.

Analysts polled by Capital IQ expected $2.10.

Net sales in the quarter ended March 31 rose to $570.9 million from $471.7 million a year earlier. Analysts polled by Capital IQ expected $546 million.

The company boosted the quarterly dividend $0.07 to $0.43 a share, payable June 14 to investors of record May 31.

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