earnings
confidence high
sentiment positive
materiality 0.80
Watsco Q2 EPS jumps 33% to record $4.93; sales hit $2.13B
WATSCO INC
2022-Q2 EPS reported
$7.83
revenue$3,657,325,000
- Record Q2: EPS $4.93 (+33% YoY), sales $2.13B (+15%), operating margin 13.5% (+180 bps).
- Six-month EPS $7.83 (+53%), sales $3.66B (+22%), operating margin 12.5% (+250 bps).
- HVAC equipment sales +13% ex-acquisitions; U.S. residential HVAC equipment +15%.
- E-commerce run-rate >$2.2B annually; OnCall Air quotes to ~73,000 households (+25%).
- Expects 2023 demand moderation due to monetary policy; regulatory catalysts (efficiency standards, refrigerant transition) support long-term growth.