Watsco 2Q Revenue Rises 36%
By Allison Prang
Watsco Inc., a distributor of HVAC/R products, reported an increase in the company’s second-quarter earnings on Thursday.
Watsco’s net income attributable to the company was $144.1 million, up from $86.6 million a year ago. Earnings were $3.71 per share, versus $2.26 per share.
Revenue was $1.85 billion, up 36% from a year ago. Analysts expected $1.68 billion.
The company recently closed two deals. In April, the HVAC company acquired TEC and in May, the HVAC company acquired Acme.
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