July 30, 2013: Watsco Achieves Record Sales and Profits in Second Quarter
Operating Income Up 22 Percent, Revenues Up 11 Percent, Gross Profit Up 12 Percent
MIAMI — Watsco Inc. reported results for the second quarter and for the six months ended June 30, 2013, noting that the second quarter saw the highest sales and greatest profits in company history.
For the second quarter, earnings per share (EPS) increased 29 percent to a record $1.48 per diluted share and net income increased 31 percent to $51 million.