Watsco (WSO) Misses Q2 EPS by 4c
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Watsco EPS Climbs 16% on Record Sales, Earnings, Operating Margins and Improved Efficiency During Second Quarter
July 21, 2015 7:30 AM EDTMIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) (Paris: WSO) reported record results for the second quarter and for the six months ended June 30, 2015.
Second Quarter Results
Key performance metrics:
16% increase in earnings per share to a record $1.85 11% growth in operating income to a record $125 million 50 basis-point expansion in operating margins to a record 10.2% 20 basis-point improvement in gross profit margin 30 basis-point reduction in SG&A as a percentage of sales to a record low... More