Watsco Q2 Revenue Misses Estimates as Industrial Distributors Post Strong Quarter

EarningsIndustry
โดย Yahoo Finance·US·Read original
Summary · why it matters

Watsco reported second-quarter revenues of $2.10 billion, up 2.1% year on year but falling 1.9% short of analysts' expectations, in a quarter that saw the 24 industrial distributors stocks tracked by the report collectively beat consensus revenue estimates by 3.7%. The HVAC and refrigeration distributor also posted a significant miss of analysts' EPS estimates, and its stock is down 17.4% since reporting, trading at $303.57. Chairman and CEO Albert H. Nahmad said the quarter's performance was indicative of improving end-market stability after a busy period of regulatory transitions. Among peers, Transcat reported revenues of $92.95 million, up 21.6% year on year and 7.4% above expectations, while SiteOne posted $1.53 billion, up 4.7% but 0.7% below estimates, Alta Equipment Group reported $475.5 million, down 1.2% and 3.1% short, and Core & Main reported $2.15 billion, up 2.5% and in line with expectations. On average, shares of the group are down 5.2% since the latest earnings results.

Impact on stocks 5

Climate Adaptation & Water▼ · 3 stocks
Watsco Inc
WSO
▼ NegativeCapitalrelevance

Watsco's Q2 revenue of $2.10B missed estimates by 1.9% and EPS missed significantly, with shares down 17.4% since reporting.

Core & Main Inc
CNM
± MixedCapitalrelevance

Core & Main reported $2.15B revenue, up 2.5% and in line with expectations.

Industrials▲ · 1 stocks
Aerospace & Aviation▲ · 1 stocks
Transcat Inc
TRNS
▲ PositiveCapitalrelevance

Transcat reported $92.95M revenue, up 21.6% YoY and 7.4% above expectations.

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