Watsco (WSO) Misses Q3 EPS by 15c, Revenues Miss; Offers FY18 EPS Outlook Below Consensus
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Watsco Reports Record Third Quarter Results and Dividend Raise to $6.40 Per Share
October 25, 2018 7:30 AM EDTMIAMI, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record results for the quarter and nine-month periods ended September 30, 2018. Record sales, operating profit, net income and earnings per share were achieved for both periods.
Watsco also announced that its Board of Directors approved a 10% increase in its annual dividend to $6.40 per share on each outstanding share of its Common stock and Class B common stock to be reflected in the Companys next regular quarterly dividend payment beginning in January 2019.
Third Quarter... More
