NORTH ANDOVER, Mass. (AP) -- NORTH ANDOVER, Mass. (AP) -- Watts Water Technologies Inc. (WTS) on Wednesday reported second-quarter net income of $100.9 million.

On a per-share basis, the North Andover, Massachusetts-based company said it had profit of $3.01. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were $3.09 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.

The maker of valves for plumbing, heating and water needs posted revenue of $643.7 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $606.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTS at https://www.zacks.com/ap/WTS

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