Watsco EPS Jumps 64% to $3.71 Setting Records for Sales, Operating Profit, Operating Margin and Net Income
MIAMI, July 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record second quarter and first-half operating results for the periods ended June 30, 2021, establishing new records for sales, operating income, operating margin, net income and earnings per share (EPS) for both periods.
- MIAMI, July 22, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported record second quarter and first-half operating results for the periods ended June 30, 2021, establishing new records for sales, operating income, operating margin, net income and earnings per share (EPS) for both periods.
- The acquired businesses had annualized sales of approximately $350 million in 2020 and currently serve more than 14,000 customers from 50 locations.
- The Company has targeted operating cash flow to exceed net income in 2021.
- Since 2000, operating cash flow was approximately$3.3 billionversus net income of$3.2 billion, surpassing the Companys goal.