Watsco (WSO) Misses Q4 EPS by 4c, Revenues Miss

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Watsco Reports Record Results in 2018, Marking its 30-Year Anniversary in HVAC/R Distribution

February 14, 2019 7:30 AM EST

MIAMI, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record results for the year and quarter ended December 31, 2018. Annual records were set for sales, operating income, net income and earnings per share. EPS of $6.49 for the year was consistent with the Companys outlook of $6.40 to $6.50 provided in its prior earnings release. In addition, in January 2019, Watsco raised its annual dividend 10% to $6.40 per share.

2018 marks Watscos 30-year anniversary in HVAC/R distribution. The Company has produced the following results over this period of time (unaudited):

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