Watsco freshens up its financial results Watsco's first-quarter report included more of the records that investors have come to take for granted. Sales rose 5% to $851 million, a new record for a first quarter, and topped projections for just $845 million in revenue. Net income was up 11% to $25.5 million, and that produced earnings of $0.71 per share. That was up from year-ago figures, but it fell $0.02 short of the consensus forecast among analysts.