Watsco (WSO) Misses Q4 EPS by 6c
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Watsco Sets Full-Year and Fourth Quarter Records for Sales, Earnings, EPS and Cash Flow
February 14, 2017 7:30 AM ESTTechnology Investments and Culture of Innovation Continue to Transform the HVAC Distribution Channel
MIAMI--(BUSINESS WIRE)-- Watsco, Inc. (NYSE: WSO) reported record results for the fourth quarter and year ended December 31, 2016.
Watsco also announced today that it has raised its ownership stake in Carrier Enterprise Northeast LLC, a joint venture with Carrier, to 80% for approximately $43 million in cash. The incremental investment builds on a transaction completed in November 2016, which increased Watscos controlling interest from 60% to 70%. Carrier Enterprise Northeast had sales in 2016 of approximately $500 million from 41 locations in the northeastern United States and 12... More
