Watsco, Inc. (NYSE:WSO) is an air conditioning and heating company with an established history of growth. The company has recently experienced declining growth on a quarterly basis, but a strong second quarter has reversed this trend. However, the stock is expensive, so I’m on the sidelines.
Second Quarter Results
Watsco’s second quarter results have reversed the recent declining trend seen in the company’s revenue and earnings over the last four quarters, alleviating any concerns I had that the company’s decade-long growth may have ended.
Watsco’s second quarter revenue came in at $1.37 billion,