Watsco Warms Up in a Hot Summer
In many parts of the U.S., air conditioning is a necessity during the summer months. For HVAC system distributor Watsco (NYSE: WSO), demand for air conditioners starts to climb during the spring, and those who follow the industry look to results from the spring months to gauge how successful of a year major players in the sector are likely to have.
Coming into Tuesday's second-quarter financial report, Watsco investors were expecting another solid set of financial results from the distributor. Watsco didn't live up to all of its shareholders' expectations, but it did produce record results that included solid gains in key product lines. Let's take a closer look at Watsco to see how it did and what's ahead for the HVAC specialist.
Image source: Baker Distributing, a unit of Watsco.
Source: Fool.com
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