Watsco (WSO) Misses Q3 EPS by 11c; Guides Below the Street

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Watsco Sets Third Quarter Records for Sales, Earnings, EPS and Operating Margins

October 25, 2016 7:30 AM EDT

MIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) reported record results for the third quarter and nine months ended September 30, 2016.

Third Quarter Results

Key performance metrics:

9% increase in earnings per share to a record $1.78 8% increase in operating income to a record $119 million 20 basis-point expansion in operating margins to a record 9.6% 5% sales growth to a record $1.24 billion (6% increase on a same-store basis) 20 basis-point reduction in SG&A as a percentage of sales to a record low $48 million... More