COCONUT GROVE, Fla. _ Watsco Inc. on Thursday reported third-quarter earnings of $50.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share. Watsco expects full-year earnings to be $4.20 to $4.40 per share.
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MIAMI-- Heating and cooling company Watsco Inc. said Monday that its board declared a special cash dividend of $5, totaling about $172 million, and a regular quarterly cash dividend of 62 cents. Albert Nahmad, Watsco's chairman CEO, said the special dividend shows management's confidence in the company and its continued ability to generate free cash flow.
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