Watsco Inc is a leading distributor of air conditioning, heating, and refrigeration equipment and related parts, primarily serving the HVAC (heating, ventilation, and air conditioning) industry
The company specializes in supplying a wide range of products, including central air conditioning systems, heat pumps, ductless systems, and other essential components, to contractors, wholesalers, and retail customers. With a strong emphasis on providing high-quality products and exceptional customer service, Watsco operates an extensive network of locations across the United States, Latin America, and the Caribbean, positioning itself as a key player in the climate control industry.
Many investors pay attention to mid-cap stocks because they have established business models and expansive market opportunities.
However, their paths to becoming $100 billion corporations are ripe with competition, ranging from giants with vast resources to agile upstarts eager to disrupt the status quo.
Shares of equipment distributor Watsco (NYSEWSO) jumped 8.3% in the morning session after the company reported strong fourth-quarter 2024 results, which blew past analysts' sales, operating profits, and earnings estimates. Sales rose 9.4% y/y, fueled by double-digit growth in residential HVAC equipment. Zooming out, we think this was a good quarter with some key areas of upside.
Equipment distributor Watsco (NYSEWSO) announced better-than-expected revenue in Q4 CY2024, with sales up 9.4% year on year to $1.75 billion. Its GAAP profit of $2.37 per share was 8.2% above analysts’ consensus estimates.
Major U.S. indices are little-changed in Tuesday's midday trading as investors monitor recent geopolitical developments and anticipate the release of the latest FOMC minutes on Wednesday.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Watsco (NYSEWSO) and the best and worst performers in the infrastructure distributors industry.
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Since July 2024, Watsco has been in a holding pattern, posting a small loss of 3.4% while floating around $465.36. The stock also fell short of the S&P 500’s 6.3% gain during that period.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSEMRC) and its peers.
