Watsco (WSO) Q2 Earnings Lag, Revenues Beat, Margins Down Y/Y

As of Jun 30, 2024, Watsco's cash and cash equivalents, along with short-term cash investments, totaled $424.9 million, up from $210.1 million at the end of 2023. The company has no borrowings under its unsecured $600 million credit facility, providing substantial access to capital for new growth opportunities. Watsco currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. KBR performed well across key metrics and expects this trend to conti ...