Watsco 3Q Sales Up 3.7%

Profit grew 6.4 percent to $58 million during the quarter.

HVAC distributor Watsco Inc. (NYSE:WSO), Miami, FL, reported third-quarter sales of $1.2 billion, up 3.7 percent year-over-year. Profit increased 6.4 percent to $58 million.

HVAC equipment sales grew 7 percent in the quarter, while other HVAC products grew and commercial refrigeration equipment both grew 2 percent.

For the first nine months, sales were $3.2 billion, up 4.6 percent over the same period a year ago. Profit grew 15 percent to $146.4 million.

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