Watsco Sets New Records for Sales, Operating Income, Operating Margins, Net Income and EPS During Second Quarter
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Watsco (WSO) Misses Q2 EPS by 7c, Revenues Miss
July 25, 2018 7:33 AM EDTWatsco (NYSE: WSO) reported Q2 EPS of $2.40, $0.07 worse than the analyst estimate of $2.47. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.34 billion.
Second Quarter Results
Sales trends:
5% sales growth to a record $1.333 billion6% growth in HVAC equipment (68% of sales)5% growth in other HVAC products (28% of sales)1% growth in commercial refrigeration products (4% of sales)Key performance metrics:
16% earnings per share (EPS) growth to a record... More