- Watsco (NYSE:WSO -4%) saw 2% growth in HVAC equipment, including 3% growth in the U.S.
- Commercial refrigeration products sales grew 6%.
- Gross margin rate improved 40 bps to 25%.
- SG&A expense rate flat at 18.6%.
- Operating margin rate expanded 40 bps to 6.4%.
- Q4 results