Why Watsco Stock Is Falling Today

Growth, but short of expectations Is Watsco a buy? The company's quarter came in below what Wall Street had expected. Watsco is a distributor of parts and supplies for the heating, air conditioning, and refrigeration (HVAC) industry. The company earned $4.49 per share in the quarter on revenue of $2.14 billion, generating 7% year-over-year sales growth. The company saw strong 8% growth in its HVAC equipment segment, which accounts for 71% of total sales. Operating cash flow also turned positive and improved ...