Watsco (WSO) Tops Q2 EPS by 3c, Miss on Revenues
Get Alerts WSO Hot Sheet
Price: $431.97 -0.53%
Revenue Growth %: +3.9%
Financial Fact:
Income taxes: 37.79M
Today's EPS Names:
FSI, RELV, NEOM, More
Revenue Growth %: +3.9%
Financial Fact:
Income taxes: 37.79M
Today's EPS Names:
FSI, RELV, NEOM, More
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Watsco (NYSE: WSO) reported Q2 EPS of $2.07, $0.03 better than the analyst estimate of $2.04. Revenue for the quarter came in at $1.28 billion versus the consensus estimate of $1.29 billion.
Second Quarter Results
Key performance metrics:
- 14% increase in earnings per share to a record $2.07
- 10% increase in operating income to a record $129 million
- 40 basis-point expansion in operating margins to 10.1%
- 30 basis-point improvement in gross profit margin
- 10 basis-point reduction in SG&A as a percentage of sales
Sales trends:
- 5% sales growth to a record $1.28 billion
- 7% increase in HVAC equipment (67% of sales), including 8% growth in the U.S.
- 2% increase in other HVAC products (28% of sales)
- 3% growth in commercial refrigeration products (5% of sales)
For earnings history and earnings-related data on Watsco (WSO) click here.
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