Watsco Achieves Record Sales, EPS, Operating Margins, and Cash Flow

Highlights of the company’s fourth quarter results included: 9 percent earnings per share (EPS) growth to a record 75 cents; 4 percent operating income increase to a record $54 million; 10 basis-point expansion in operating margins to a record 6 percent; 20 basis-point improvement in gross margin; and 3 percent sales growth to a record $904 million (4 percent on same-store basis).