Watsco reports Q1 EPS $1.93, consensus $2.25

Reports Q1 revenue $1.53B, consensus $1.66B. Albert Nahmad, Chairman and CEO, stated: “The transition to the new A2L products is well underway. Regulatory changes have historically been good for our business, and we see the same opportunity as this transition influences more than half of the products we sell and offers most every customer we serve the opportunity to benefit their business. We are encouraged by the strength in sales, margins and improved efficiency mix in our core replacement market, as well as another good quarter of acquiring new customers. We have built a strong inventory position ahead of the selling season to support our customers and will help them compete and gain share as the transition unfolds.”