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Watsco Sales Up 4.5% in 2Q

HVAC distributor Watsco Inc. (NYSE:WSO), Miami, FL, reported second quarter sales of $1.3 billion, up 4.5 percent year-over-year. Profit increased 22.3 percent to $90 million.

HVAC equipment sales increased 6 percent in the quarter, other HVAC products increased 5 percent and commercial refrigeration equipment grew 1 percent.

For the first six months, sales were $2.3 billion, up 5.2 percent over the same period a year ago. Profit grew 24.2 percent to $124.2 million.

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