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Watsco (WSO) Tops Q2 EPS by 3c, Miss on Revenues

July 25, 2017 7:36 AM EDT

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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