Watsco Q1 Profit Rises - Quick Facts

(RTTNews) - Watsco, Inc. (WSO) reported first-quarter net income to company of $23.05 million or $0.65 per share, compared to $16.75 million or $0.48 per share, prior year. The company noted that its results for the quarter include a four-cent EPS contribution from a 10% additional ownership interest in Carrier Enterprise LLC, a U.S. joint venture formed with Carrier in 2009.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.59 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $808.97 million from $762.57 million last year. Analysts expected revenue of $805.76 million for the quarter.

The company's outlook for 2015 earnings per share is within the range of $5.00 to $5.20. Analysts expect the company to report fiscal 2015 earnings per share of $5.05.