The 2020 Mid-Year Economic Update_long

Watsco Third Quarter Sales Up 10%

Profit for the HVAC distributor increased 49 percent.

Watsco, Inc., (NYSE: WSO), Coconut Grove, FL, No. 4 on the top 12 HVAC distributors, reported sales for the third quarter ended Sept. 30, 2010, were $813 million, up 10 percent over the same period last year. Profit increased 49 percent to $31 million.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

The increase in revenues was driven by growth in all product categories. Air conditioning and heating equipment sales (60 percent of sales) grew 8 percent, sales of other HVAC products (32 percent of sales) grew 11 percent, and sales of commercial refrigeration products (8 percent of sales) increased 19 percent.

For the first nine months, sales increased 52 percent to $2.2 billion. Profit was $97.2 million, an increase of 129 percent.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.
Social Media Auto Publish Powered By : XYZScripts.com