earnings
confidence high
sentiment positive
materiality 0.85
Watsco Q2 EPS jumps 64% to $3.71; record sales $1.85B, margin 11.7%
WATSCO INC
2021-Q2 EPS reported
$5.13
revenue$2,985,758,000
- Record EPS of $3.71, a 64% increase YoY; record net income.
- Record sales $1.85B, +36% (29% same-store); gross margin +220 bps to 25.8%.
- Record operating income $217M, +68%; operating margin record 11.7% (+220 bps).
- Acquired TEC ($291M 2020 sales) and Acme ($60M); debt-to-capitalization 6%.