Watsco (WSO) Tops Q4 EPS by 6c

Watsco (NYSE: WSO) reported Q4 EPS of $0.69, $0.06 better than the analyst estimate of $0.63. Revenue for the quarter came in at $877 million versus the consensus estimate of $873.31 million.

Albert Nahmad, Watsco’s President & Chief Executive Officer stated: “Watsco delivered another solid quarter of earnings growth from higher sales, improved selling margins and effective leveraging of operating costs, resulting in record operating margins. We saw continued strength in sales of residential HVAC systems from strong unit demand and an improved mix of higher-efficiency systems. Overall, our results represent a great finish to another excellent year.”

For earnings history and earnings-related data on Watsco (WSO) click here.

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