Watsco Reports Record Sales, Operating Profit, Net Income and Cash Flow During First Quarter

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Go back to Watsco Reports Record Sales, Operating Profit, Net Income and Cash Flow During First Quarter

Watsco (WSO) Reports In-Line Q1 EPS, Revenues Miss

April 23, 2019 7:37 AM EDT

Watsco (NYSE: WSO) reported Q1 EPS of $0.88, in-line with the analyst estimate of $0.88. Revenue for the quarter came in at $931.28 million versus the consensus estimate of $945.66 million.

2% increase in operating profit to a record $55 million (10 basis-point expansion in operating margin to 5.9%)4% increase in same-store operating profit (30 basis-point expansion in same-store margins to a record 6.1%)1% increase in gross profit to a record... More