Watsco Sets New Records for Sales, Operating Income, Operating Margins, Net Income and EPS During Second Quarter

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Go back to Watsco Sets New Records for Sales, Operating Income, Operating Margins, Net Income and EPS During Second Quarter

Watsco (WSO) Misses Q2 EPS by 7c, Revenues Miss

July 25, 2018 7:33 AM EDT

Watsco (NYSE: WSO) reported Q2 EPS of $2.40, $0.07 worse than the analyst estimate of $2.47. Revenue for the quarter came in at $1.33 billion versus the consensus estimate of $1.34 billion.

Second Quarter Results

Sales trends:

5% sales growth to a record $1.333 billion6% growth in HVAC equipment (68% of sales)5% growth in other HVAC products (28% of sales)1% growth in commercial refrigeration products (4% of sales)

Key performance metrics:

16% earnings per share (EPS) growth to a record... More