Watsco (WSO) Tops Q1 EPS by 6c; Guides FY15 EPS

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Go back to Watsco (WSO) Tops Q1 EPS by 6c; Guides FY15 EPS

Watsco’s First Quarter Earnings Surge on Record Sales and Margins

April 15, 2015 7:30 AM EDT

MIAMI--(BUSINESS WIRE)-- Regulatory News:

Watsco, Inc. (NYSE: WSO) (Paris: WSO) reported record results for the first quarter ended March 31, 2015.

Key performance metrics:

35% jump in earnings per share to a record 65 cents 32% growth in operating income to a record $47 million 110 basis-point expansion in operating margins to a record 5.8% 50 basis-point improvement in gross profit margin 60 basis-point reduction in SG&A as a percentage of sales to a record low 6% sales increase to a record $809 million... More

Watsco’s First Quarter Earnings Surge on Record Sales and Margins

April 15, 2015 7:30 AM EDT

MIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) (Paris: WSO) reported record results for the first quarter ended March 31, 2015.

Key performance metrics:

35% jump in earnings per share to a record 65 cents 32% growth in operating income to a record $47 million 110 basis-point expansion in operating margins to a record 5.8% 50 basis-point improvement in gross profit margin 60 basis-point reduction in SG&A as a percentage of sales to a record low 6% sales increase to a record $809 million

... More