Watsco (NYSE: WSO) reported Q4 EPS of $1.19, $0.19 better than the analyst estimate of $1.00. Revenue for the quarter came in at $964 million versus the consensus estimate of $967.88 million.

Key performance metrics:

• 47% increase in earnings per share to a record $1.19 (includes 29 cent benefit from tax reform)
• 46% increase in net income to a record $43 million (includes $10 million benefit from tax reform)
• 6% increase in operating income to $61 million (6.4% operating margin)
• Operating cash flow of $117 million
• $243 million of proceeds from ATM share offering
• 91% reduction in debt to $22 million at December 31, 2017

Sales trends:

• 6% increase in sales to $964 million
• 7% increase in HVAC equipment (67% of sales)
• 4% increase in other HVAC products (29% of sales)
• 4% decrease in commercial refrigeration products (4% of sales)

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