Watts Water Technologies reported sales of $214.8 million for the third quarter ended Sept. 26, up 22% compared with the third quarter last year. Net income for the quarter, at $13.7 million, was up 54% vs. last year. Net income for the third quarters of 2004 and 2003 included losses from discontinued operations of $125,000 and $114,000, respectively.
For the nine months, sales were up 20% to $618.2 million, while net income rose 64% to $38.7 million, compared to the 2003 period.