Watsco Reports Record-Breaking Third Quarter
MIAMI, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced its results for the third quarter and nine-month period ended September 30, 2023. Third quarter records were achieved for sales, operating income, operating margin, net income and earnings per share. The Company also provided commentary on trends, growth opportunities, technology innovation and its financial strength.
- Third quarter records were achieved for sales, operating income, operating margin, net income and earnings per share.
- Albert Nahmad, Chairman and CEO commented: “We are pleased to deliver record results this quarter, a testimony to the strong execution by our leadership teams and associates.
- We are also pleased with the acquisition of Gateway Supply Company and we welcome their employees and customers to the Watsco family.
- Our suite of contractor-based platforms has helped Watsco build market share, accelerate new customer acquisition and drive margin expansion.