BUZZ-Watsco rises as fourth-quarter results beat estimates

Updates

Shares of air conditioning and refrigeration equipment distributor Watsco WSO.N up as much as 9% at $527.29 in early trade

Stock set for best day in more than three months if gains last

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

Heating, Ventilation and Air Conditioning — the company's largest segment — 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