Watsco (WSO) Tops Q4 EPS by 3c
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Watsco Achieves Record Sales, EPS, Operating Margins and Cash Flow During Fourth Quarter and Full-Year 2015
February 11, 2016 7:30 AM ESTMIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) reported record results for the fourth quarter and year ended December 31, 2015.
Fourth Quarter Results
Key performance metrics:
9% earnings per share growth to a record 75 cents 4% operating income increase to a record $54 million 10 basis-point expansion in operating margins to a record 6.0% 20 basis-point improvement in gross margin 3% sales growth to a record $904 million (4% on same-store basis)Sales trends:
6% HVAC equipment growth (65% of sales),... More