Wednesday, 2 Oct 2024

Watsco Q1 Profit Surges, Tops Estimates

Behind the Scenes: Capturing a Day in the Creative Life

How T Magazine’s 2022 Culture issue, on stands April 24, came together.

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By M.H. Miller

A San Francisco Chef on the Meditative Nature of Cooking Over an Open Fire

While grilling oysters in a pit overlooking California’s Tomales Bay, Pim Techamuanvivit is able to slow down and come up with new ideas.

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Interview by Nick Marino

Watch Ken Jeong Walk Off Stage After Rudy Giuliani Is Revealed on 'The Masked Singer'

Rudy Giuliani, the man who stumbled his way through any and every hare-brained legal and extra-legal avenue to overturn a free and fair presidential election at the behest of Donald Trump, has embarrassed himself yet again — this time, in costume.

The disgraced New York City mayor appeared on The Masked Singer last night, dressing up as some sort of colorful bird who popped out of a jack-in-the-box to serenade the show’s panel of judges. Perhaps even more embarrassing than Giuliani’s decision to appear on the show is the show’s decision to have him as a guest. “Associate attorney general! Former mayor of New York City! Rudy Giuliani!” host Nick Cannon bellowed after the reveal.

Everyone seemed shocked. Ken Jeong seemed disgusted. He walked off the stage as Giuliani started to launch into another song. “I’m done,” Jeong said.

Watch the entire incident below. You might want to do so next to an eyewash station.

Here’s his performance:

…and the reveal:

It was reported in February, when the show was taped, that Jeong walked offstage after Giuliani was revealed, but to actually see the former president’s election fraud mastermind pop out of a box in rainbow feathers really drove home where things currently stand in America.

In Her Maine Garden, Toshiko Mori Dreams of Plant-Based Buildings

Cultivating potatoes and cabbages, the architect has discovered, is analogous to her design practice.

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Interview by Michael Snyder

‘¿Y Cómo Es Él?’ Review: A Fraught Buddy Comedy

A jealous man tries to exact revenge on his wife’s lover, but ends up taking a road trip with him instead.

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By Beatrice Loayza

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‘Sexual Drive’ Review: Best Served Hot and Heavy

Natto, mapo tofu and fatty ramen become objects of titillation in this intriguing Japanese triptych that centers on sex without ever depicting it.

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By Natalia Winkelman

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Pre-market Movers: RDBX, IGIC, ESPR, EFX, CRXT…

The following are some of the stocks making big moves in Thursday’s pre-market trading (as of 07.10 A.M. ET).

In the Green

Redbox Entertainment Inc. (RDBX) is up over 20% at $3.07
International General Insurance Holdings Ltd. (IGIC) is up over 12% at $8.94
Esperion Therapeutics, Inc. (ESPR) is up over 11% at $5.30
Clarus Therapeutics Holdings, Inc. (CRXT) is up over 10% at $2.29
Tesla, Inc. (TSLA) is up over 7% at $1,050.01
Wayfair Inc. (W) is up over 6% at $103.80
Sky Harbour Group Corporation (SKYH) is up over 6% at $6.00
Hyliion Holdings Corp. (HYLN) is up over 6% at $3.79
ABB Ltd (ABB) is up over 5% at $33.63
Golden Nugget Online Gaming, Inc. (GNOG) is up over 5% at $5.97

In the Red

Equifax Inc. (EFX) is down over 10% at $198.80
Terran Orbital Corporation (LLAP) is down over 8% at $5.36
Winc, Inc. (WBEV) is down over 8% at $4.59
Aterian, Inc. (ATER) is down over 6% at $4.34
Payoneer Global Inc. (PAYO) is down over 6% at $4.07
Alcoa Corporation (AA) is down over 5% at $81.88
Vertical Aerospace Ltd. (EVTL) is down over 5% at $7.20

Watsco Q1 Profit Surges, Tops Estimates

Watsco, Inc. (WSO), a distributor of heating, air conditioning, and refrigeration equipment, on Thursday reported a surge in profit for the first quarter, reflecting a steep increase in sales. Earnings also beat the Street view.

For the first three-month period of 2022, Watsco reported a net income of $134.89 million or $2.90 per share, compared with $66.12 million or $1.39 per share, reported for the same period a year ago.

Ten analysts, on average, polled by Thomson-Reuters were estimating the firm to report earnings per share at $1.77. Analysts’ estimates typically exclude one-time items.

The equipment provider also posted an increase in operating income at $171.04 million as against $81.88 million, recorded for first quarter of 2021.

For the first quarter, the Florida-based firm generated a revenue of $1.52 billion, versus $1.13 billion posted for the first three-month period of last year.

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