Watsco rises as fourth-quarter results beat estimates

Watsco

18/02/2025 15:12

(Updates)
    ** Shares of air conditioning and refrigeration equipment
distributor Watsco  WSO.N  up as much as 9% at $527.29 in early
trade
        ** Stock set for best day in more than three months if
gains last
  
    ** Q4 sales rise 9.4% to $1.75 billion, beating estimates of
$1.66 billion - data compiled by LSEG
    ** Heating, Ventilation and Air Conditioning — the company's
largest segment — posts 14% increase in sales 
    ** EPS of $2.37 also topped estimates of $2.16
    ** Watsco announces an 11% increase to its annual dividend
to $12 per share
    ** Shares rose 10.6% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))