Watsco (WSO) Misses Q1 EPS by 2c

Watsco (NYSE: WSO) reported Q1 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $851 million versus the consensus estimate of $844.95 million.

Albert H. Nahmad, Watsco’s Chairman and CEO stated: “Watsco experienced consistent growth in both residential and commercial markets, with continued strength in sales of higher-efficiency replacement systems. The results also reflect our continued investment in technology and people to drive sales and innovation in our business. These results are particularly satisfying given the strong results achieved last year during the first quarter that included 32% growth in operating income and 35% increase in EPS.”

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

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