Watsco (WSO) came out with quarterly earnings of $4.22 per share, missing the Zacks Consensus Estimate of $4.84 per share. This compares to earnings of $4.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.81%. A quarter ago, it was expected that this heating and cooling company would post earnings of $4.75 per share when it actually produced earnings of $4.49, delivering a surprise of -5.47%.Over the last four quarters, t ...

Exhibit 99.1 Watsco Reports Record Sales, Enhanced Operating Efficiency, Strong Cash Flow and Improving Business Trends Entrepreneurial Culture, Debt-Free Balance Sheet, Leading Technologies and Upcoming Regulatory Change Support Long-Term Investment and Growth MIAMI, FLORIDA – (GLOBENEWSWIRE), October 23, 2024 – Watsco, Inc. (NYSE: WSO) announced its results for the third quarter and ninemonth period ended September 30, 2024 and provided commentary on business trends, growth opportunities, technology innov ...

MIAMI, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced its results for the third quarter and nine-month period ended September 30, 2024 and provided commentary on business trends, growth opportunities, technology innovation and its financial strength. Watsco is the largest distributor in the highly fragmented $64 billion North American HVAC/R market, with nearly 700 locations across the U.S., Canada and Latin America. Watsco estimates that it provides services on a local basis to over 3 ...

Watsco, Inc. (WSO) is slated to release third-quarter 2024 results on Oct. 23, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 4.5%, but sales beat the same by 0.3%. On a year-over-year basis, earnings and sales increased 1.6% and 6.8%, respectively.Watsco's earnings topped the consensus mark in one of the last four quarters and missed on other three occasions, the negative ...

Watsco (WSO) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better than ex ...

MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2024 third quarter financial results on Wednesday, October 23, 2024 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be r ...

MIAMI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Rick Gomez, Vice President of Corporate Development, is scheduled to present at the 12th Annual Morgan Stanley Laguna Conference being held at the Ritz Carlton, Laguna Niguel on Wednesday, September 11, 2024 at 3:10 p.m. (PDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at http://www.watsco.com. About Watsco Watsco operates the largest distributio ...

Watsco, Inc. (WSO) is benefiting from consistent investments in technological advancements and strategic buyouts. Also, the solid performance of heating, ventilation and air conditioning (HVAC) equipment and commercial refrigeration products segments added to the uptrend. It is steadily advancing toward its goal of expanding customer-focused technologies to a growing number of contractors. Apart from Watsco's technology investments that are expected to drive future growth, WSO anticipates that industry-driv ...

Financial Performance - For the quarter ended June 2024, Watsco reported revenue of $2.14 billion, reflecting a year-over-year increase of 6.8% [1] - The earnings per share (EPS) for the quarter was $4.49, slightly up from $4.42 in the same quarter last year [1] - The reported revenue was a surprise of -0.16% compared to the Zacks Consensus Estimate of $2.14 billion, while the EPS fell short of the consensus estimate of $4.75 by -5.47% [1] Sales Trends - Sales trends for HVAC equipment accounted for 71% of total sales, exceeding the average estimate of 36.5% based on two analysts [3] - Sales trends for commercial refrigeration products represented 4% of total sales, compared to the average estimate of 3.3% [3] - Other HVAC products made up 25% of total sales, significantly higher than the average estimate of 14% [4] Stock Performance - Watsco's shares have returned -2% over the past month, while the Zacks S&P 500 composite experienced a -0.4% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Financial Performance - Watsco, Inc. reported second-quarter earnings per share of $4.49, missing the expected $4.67 [1] - Sales totaled $2.14 billion, falling short of the analyst consensus of $2.19 billion [1] - Revenue increased by 7% year over year, with a 4% increase on a same-store basis [1] - Gross profit rose by 3% to $580 million, achieving a gross margin of 27.1% [1] Market Reaction - Following the earnings announcement, Watsco shares gained 1.4%, trading at $487.65 [2] - Analysts adjusted their price targets for Watsco after the earnings report [2] Analyst Ratings - Baird analyst David Manthey maintained an Outperform rating on Watsco, raising the price target from $460 to $522 [3] - JP Morgan analyst Stephen Tusa maintained a Neutral rating, increasing the price target from $420 to $425 [3]