Watsco (WSO) Misses Q3 EPS by 14c
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October 27, 2015 7:30 AM EDT
MIAMI--(BUSINESS WIRE)--
Watsco, Inc. (NYSE: WSO)(Paris: WSO) reported record results for the
third quarter and for the nine months ended September 30, 2015.
Third Quarter Results
Sales trends:
4% growth to a record $1.18 billion (5% on same-store basis)
5% growth in HVAC equipment (66% of sales), including 8% growth in the
U.S.
3% growth in other HVAC products (29% of sales)
2% growth in commercial refrigeration products (5% of sales)
Key performance metrics:
5% increase in earnings per share to a...
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October 27, 2015 7:30 AM EDT
MIAMI--(BUSINESS WIRE)--
Watsco, Inc. (NYSE: WSO) (Paris: WSO) announced today that its Board of
Directors has approved a 21% increase in its annual dividend to $3.40
per share on each outstanding share of its Common and Class B common
stock. The increase will be reflected in the Companys next regular
dividend payment beginning in January 2016.
Watsco has paid dividends to shareholders for 40 consecutive years. The
Companys philosophy is to share increasing amounts of cash flow through
higher dividends while maintaining a conservative balance sheet with
continued capacity to... More
