The 2020 Mid-Year Economic Update_long

Watsco’s Sales Up Slightly in First Quarter

The company reported a profit increase of 3.5% for the quarter.

HVAC distributor Watsco Inc. (NYSE: WSO), Miami, Florida, reported first-quarter sales of $931.3 million, a 0.6% increase compared to a year ago. The company reported $43.8 million in profit, a 3.5% increase.

By segment, the company reported 2% growth in HVAC equipment, 2% decrease for other HVAC products, and a 4% decrease in its commercial refrigeration products.

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