Market Overview

Watsco: Q2 Earnings Insights

Share:

Shares of Watsco (NYSE:WSO) rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 5.83% over the past year to $2.26, which beat the estimate of $1.92.

Revenue of $1,355,000,000 decreased by 1.24% year over year, which beat the estimate of $1,300,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Jul 23, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/tae3akc5

Price Action

52-week high: $198.69

Company's 52-week low was at $132.97

Price action over last quarter: Up 22.89%

Company Profile

Watsco is a distributor of heating, ventilation, and air-conditioning units. With more than 400 locations in 38 states, it serves more than 40,000 contractors and dealers. About 70% of revenue is derived from the residential HVAC replacement market, with the residual coming from new construction.

 

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Posted-In: Earnings News