Watsco Inc is a leading distributor of air conditioning, heating, and refrigeration equipment and related parts, primarily serving the HVAC (heating, ventilation, and air conditioning) industry
The company specializes in supplying a wide range of products, including central air conditioning systems, heat pumps, ductless systems, and other essential components, to contractors, wholesalers, and retail customers. With a strong emphasis on providing high-quality products and exceptional customer service, Watsco operates an extensive network of locations across the United States, Latin America, and the Caribbean, positioning itself as a key player in the climate control industry.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the infrastructure distributors industry, including Core & Main (NYSECNM) and its peers.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the infrastructure distributors industry, including DistributionNOW (NYSEDNOW) and its peers.
Since July 2024, Watsco has been in a holding pattern, posting a small loss of 3.4% while floating around $465.36. The stock also fell short of the S&P 500’s 6.3% gain during that period.
Looking back on infrastructure distributors stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including MRC Global (NYSEMRC) and its peers.
Equipment distributor Watsco (NYSEWSO) fell short of the market’s revenue expectations in Q3 CY2024 as sales only rose 1.6% year on year to $2.16 billion. Its GAAP profit of $4.22 per share was also 10.9% below analysts’ consensus estimates.
