Watsco (WSO) Misses Q1 EPS by 2c
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Watsco Sets First Quarter Records for Sales, Earnings, Earnings Per Share, Operating Margins and Cash Flow
April 20, 2016 7:30 AM EDTMIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) reported record results for the quarter ended March 31, 2016.
Key performance metrics:
9% earnings per share growth to a record 71 cents 8% operating income increase to a record $51 million 20 basis-point expansion in operating margins to a record 6.0% 5% sales growth to a record $851 million (6% increase on a same-store basis) 4% increase in gross profit to a record $212 million (20 basis-point lower gross margin) 40 basis-point decline in SG&A... More