Watsco Reports Mixed Q2 Results

Watsco reported early Tuesday Q2 earnings of $2.07 per diluted share compared with an income of $1.82 per share a year ago, beating the $2.04 average estimate from analysts polled by Capital IQ.

Total revenue rose to $1.28 billion from $1.21 billion a year ago, coming in below the $1.29 billion consensus.
“We believe technology changes progressing in our industry will accelerate and our industry-specific focus, scale and leadership position will serve us well,” CEO Albert H. Nahmad said in a statement. “In this regard, we continue to actively seek acquisitions and investments to grow our network and leverage investments across an expanding enterprise.”

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