BUZZ-Watsco rises as fourth-quarter results beat estimates

Reuters
02-18
BUZZ-Watsco rises as fourth-quarter results beat estimates

** Shares of air conditioning and refrigeration equipment distributor Watsco WSO.N up 5% at $507.99 premarket

** Q4 sales rise 9.4% to $1.75 billion, beating estimates of $1.66 billion - data compiled by LSEG

** Biggest segment, Heating, Ventilation and Air Conditioning, posts 14% increase in sales

** EPS of $2.37 also topped estimates of $2.16

** Watsco announces an 11% increase to its annual dividend to $12 per share

** Shares rose 10.6% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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