Watsco (WSO) Tops Q3 EPS by 29c, Revenues Beat

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Go back to Watsco (WSO) Tops Q3 EPS by 29c, Revenues Beat

Watsco EPS Jumps 25% Setting New Records for Sales, Operating Profit, Net Income and Operating Margins During Third Quarter

October 22, 2020 7:30 AM EDT

Strong Residential Demand and Gains in Operating Efficiency Drive 120 Basis-Point Operating Margin Expansion;Nine-Month Operating Cash Flow Increases 89% to a Record $373 Million

MIAMI, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record operating results, setting new records for sales, operating income, net income and earnings per share (EPS) during the third quarter and nine-month periods ended September 30, 2020. The Company generated record operating cash flow of $373 million through September 30, 2020, an... More