HVAC distributor Watsco Inc. (NYSE:WSO), Miami, FL, reported third-quarter sales of $1.2 billion, up 5 percent year-over-year. Profit increased 8.9 percent to $63.1 million.
HVAC equipment sales grew 7 percent in the quarter, while other HVAC products grew 2 percent and commercial refrigeration equipment grew 7 percent.
For the first nine months, sales were $3.3 billion, up 3 percent over the same period a year ago. Profit grew 4.7 percent to $153.3 million.