Watsco reports lower-than-expected results Oct 17, 2008
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S. Fla. public companies take a dip with down Dow Oct 7, 2008
Watsco (NYSE: WSO) closed down $2. 51 cents at $43. (South Florida Business Journal, FL)
Weiser to receive Sand in My Shoes award Aug 24, 2008
Weiser has also held business directorships for Carnival Corp., Interstate Hotels & Resorts, Watsco, Winsloew Furniture Group, Wyndham International, and currently serves on the board of BNY Mellon United National Bank. Weiser founded the Continental Cos. (South Florida Business Journal, FL)
Watsco Q2 earnings up Jul 18, 2008
Watsco (NYSE: WSO) said sales grew in the residential replacement market and commercial refrigeration market, but fell when it came to new construction-related products. Sales of high-efficiency air conditioning systems were up 22 percent. (South Florida Business Journal, FL)
Watsco Q1 earnings down on slow sales Apr 18, 2008
Watsco (NYSE: WSO) said its same-store sales, which include stores open at least a year, fell 10 percent, including a 10 percent decrease in the same of air-conditioning equipment -- which makes up 40 percent of all Watsco's sales ... Watsco's results beat analysts' estimates, which, on average, estimated earnings of 27 cents a share on sales of $386 ... Watsco said the first quarter of each calendar year is a historic low point for its sales because of the quantity of replacement market sales... (South Florida Business Journal, FL)
Watsco's Q2 earnings slide, revenue grows Oct 19, 2007
Watsco (NYSE: WSO) said same-store sales fell 6 percent, with a decline in HVAC equipment revenue. "We are pleased with this achievement given the tough margin and earnings comparisons of last year, less favorable weather conditions in certain of our key Sunbelt markets, a continued slowdown in residential new construction and competitive pricing pressures," Watsco's President and Chief Executive Officer Albert H. Nahmad said in a news release. (South Florida Business Journal, FL)
Housing slump's impact shows signs of spreading Aug 8, 2007
Office Depot (NYSE: ODP) of Delray Beach, one of the world's largest office products retailers, also said its sales were hurt by housing, as did Watsco (NYSE: WSO), which is directly involved in housing as a supplier of heating and air conditioning systems. Wachovia senior economist Mark Vitner said declining home sales, prices and new home starts will act as a weight on the economy, slowing growth, but won't drag it down. (MSNBC -- Business)
ACR Group to keep name following acquisition Aug 7, 2007
2 million, according to Albert Nahmad, Watsco's president and CEO.. Nearly 11 million shares of Houston-based ACR (AMEX: BRR), or 91 percent of its outstanding common stock, were purchased by Coconut Grove-based Watsco (NYSE: WSO) in a cash tender offer of $6 ... Air conditioning and heating equipment distributor Watsco has 385 locations serving more than 40,000 customers in 32 states. (Houston Business Journal, TX)
Watsco buys ACR Group Aug 7, 2007
Watsco President and Chief Executive Officer Albert Nahmad said his company recognizes ACR's success is based on strong relationships with HVAC contractors. "ACR will operate as a subsidiary of Watsco under its present name and superb management team, and Watsco will provide resources where needed to assist with ACR's growth plans," he said ... Watsco, by contrast, posted $1. (South Florida Business Journal, FL)
Watsco Q2 earnings decline 20% Jul 25, 2007
Watsco Q2 earnings decline 20 ... "As previously reported, the combination of a tough year-ago comparison, hotter summer weather a year ago in key markets and a softer new housing market had an impact on our first-half results," said Albert Nahmad, Watsco's president and chief executive officer ... Watsco opened or acquired 23 new locations in the past year. (South Florida Business Journal, FL)
Google And Cat Play Spoiler Jul 21, 2007
Watsco (amex: - - ), which makes air conditioning, heating and refrigeration equipment, also exhibited drag from the housing fallout Friday. Its shares plummeted 4. (Forbes)
2007 outlook curtailed at Watsco Jul 21, 2007
"The blowout first-half performance in 2006 has proven difficult to surpass in 2007. Our revised guidance reflects our belief that the current business climate may persist for the remainder of 2007," said Albert Nahmad, Watsco's president and chief executive officer. The company predicts second quarter earnings of 87 cents to 88 cents per diluted share, based on a 7 percent drop in sales. (South Florida Business Journal, FL)
Watsco to buy ACR Group Jul 5, 2007
Coconut Grove-based Watsco (NYSE: WSO) said it will seek to buy ACR's (AMEX: BRR) outstanding common stock in a cash tender offer of $6 ... Watsco, by contrast, posted $1 ... Watsco has said its goal is to build a national network of locations offering heating, ventilation and air conditioning (HVAC) services and products. (South Florida Business Journal, FL)
Soft market hurts Watsco profits Apr 19, 2007
As expected and as previously reported, the combination of a tough year-ago comparison and softness in the new construction market had an impact on our first quarter results, which in any event is typically the seasonal low point for the products we sell,'' Albert H. Nahmad, Watsco's president and chief executive officer said in a press release ... Watsco shares closed Wednesday at $48. (The Miami Herald)
Watsco profit falls in Q1 Apr 19, 2007
For the first quarter the year before, Watsco (NYSE: WSO) said it earned $13 million, or 47 cents a share, on revenue of $394 million ... Watsco said new locations added $9 million in revenue but diluted earnings by 2 cents ... Albert H. Nahmad, Watsco president and chief executive officer, said the company expected its first quarter results to show the impact of a tough year-ago comparison. (South Florida Business Journal, FL)
Watsco reports lower Q4, higher year-end profits Feb 13, 2007
Miami-based Watsco (NYSE: WSO), an HVAC and refrigeration equipment, parts and supplies distributor, said it earned $11 ... For the year, Watsco said it earned $82 ... During 2006, Watsco increased its dividends paid per share 53 percent to 95 cents a share. (South Florida Business Journal, FL)
Tuesday's Stocks to Watch Jan 16, 2007
Watsco Inc. () said it anticipates fourth-quarter earnings of 40 cents to 44 cents a share, yielding full-year earnings in a range of $2 ... Watsco's also shooting for growth in earnings of 15% to 20% for 2007. (Fox News)
Business Briefs Jan 16, 2007
Watsco lowers estimates. Miami-based air-conditioning distributor Watsco ( WSO) lowered its earnings estimates, citing unseasonably warm weather and slower residential new construction ... Watsco said its fourth-quarter earnings per share are estimated to be 40 cents to 44 cents. (The Miami Herald)
Warm weather cools Watsco Jan 16, 2007
"The blow-out fourth quarter of 2005 has proven difficult to outperform in 2006," Watsco President and Chief Executive Officer Albert H. Nahmad said ... Last year, Watsco (NYSE:WSO) said , or $2 ... Watsco said for the year ended Dec. 31, earnings per share on a fully diluted basis will be $2. (South Florida Business Journal, FL)
Plus: Seven Great ETFs Jan 12, 2007
You'll find a portfolio mixed with big names like Exxon Mobil () and unknowns like Watsco () and Imation (). This ETF's dirt cheap expense ratio of 0. (SmartMoney)
