WSO reports $4.00 EPS for the quarter, below the $4.39 consensus, as net income declines to $163.3 million.
Watsco Inc. posted a 16% drop in net income to $163.3 million, or $4.00 per share, missing Wall Street’s $4.39 per share estimate. The decline follows a year-ago quarter where earnings were $4.52 per share on $183.6 million in net income.
The revenue shortfall and margin pressures drove WSO shares down as much as 16% on Wednesday, marking the stock’s lowest level in three years. Analysts had anticipated stronger performance amid ongoing demand in the HVAC distribution sector.
Shares extended losses in early trading, reflecting investor concerns over profitability trends and operational efficiency.