Watsco, Inc. (WSO) Tops Q1 EPS by 5c; Guides In-Line

Watsco, Inc. (NYSE: WSO) reported Q1 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $714 million versus the consensus estimate of $716.62 million.

Watsco, Inc. sees FY2013 EPS of $3.60-3.75, versus the consensus of $3.64.

As for dividend policy, it is the Company’s philosophy to share increasing amounts of cash flow through higher dividends while maintaining a conservative financial position with continued capacity to build its distribution network. The Company intends to reduce debt and evaluate the payment of an increased dividend before the end of 2013.

For earnings history and earnings-related data on Watsco, Inc. (WSO) click here.

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