Welcome to our dedicated page for Watsco news (Ticker: WSO), a resource for investors and traders seeking the latest updates and insights on Watsco stock.
Watsco Inc. (NYSE: WSO) maintains North America's largest HVAC/R distribution network, serving contractors across residential and commercial markets. This news hub provides investors and industry professionals with direct access to official corporate announcements and market developments.
Track critical updates including quarterly earnings disclosures, strategic partnerships, and product line expansions. Our curated feed ensures timely access to operational milestones, leadership changes, and regulatory compliance information relevant to the HVAC distribution sector.
Key focus areas include supply chain innovations, sustainability initiatives, and technology adoption within Watsco's contractor network. Bookmark this page for efficient monitoring of inventory management advancements and market share developments across the company's 675+ locations.
Watsco (NYSE: WSO) reported Q1 2025 results amid a major product transition affecting 55% of sales. Revenue decreased 2% to $1.53 billion, while gross profit remained flat at $430 million with improved margins of 28.1%. Core U.S. residential replacement sales grew 10%, offset by declines in international markets and new housing segments.
The company is navigating a significant transition to new A2L refrigerant systems with lower environmental impact, which will convert nearly $1 billion in inventory throughout 2025. Watsco maintains a strong financial position with $432 million in cash and no debt. The company increased its annual dividend by 11% to $12.00 per share.
Earnings per share decreased to $1.93 from $2.17 year-over-year. The company's operating cash flow showed a use of $178 million due to inventory investments in new A2L products ahead of the selling season.
Watsco (NYSE: WSO) has announced its upcoming first quarter 2025 earnings conference call scheduled for Wednesday, April 23, 2025 at 10:00 a.m. (EDT). The earnings results will be released before market opening on February 18, 2025.
As the largest distributor of HVAC/R products across the United States, Canada, Mexico, and Puerto Rico, Watsco plays a important role in climate change mitigation. The company focuses on the replacement market, targeting the approximately 102 million HVAC systems in the US that are over 10 years old and operating below current efficiency standards.
From January 2020 to December 2024, Watsco's high-efficiency replacement systems have helped avert an estimated 22.8 million metric tons of CO2e emissions, equivalent to removing 5.3 million gas-powered vehicles from roads annually. This impact is significant considering HVAC systems account for about half of U.S. household energy consumption.
Watsco (NYSE: WSO) has announced an 11% increase in its quarterly cash dividend to $3.00 per share on Common and Class B common stock, payable on April 30, 2025, to shareholders of record as of April 15, 2025. This increase brings the annual dividend rate to $12.00 per share.
The company has maintained a 51-year streak of dividend payments, demonstrating its commitment to shareholder returns while maintaining a strong balance sheet. As the largest HVAC/R products distributor in North America, Watsco focuses on the replacement market, serving approximately 102 million HVAC systems over 10 years old in the United States.
The company has contributed significantly to environmental sustainability, averting an estimated 22.8 million metric tons of CO2e emissions from 2020 to 2024 through higher-efficiency HVAC system sales, equivalent to removing 5.3 million gas-powered vehicles annually.
Watsco (NYSE: WSO) has announced its participation in the J.P. Morgan 2025 Industrials Conference on March 12, 2025, at 8:15 a.m. (EDT). Executive Vice President Barry Logan and Vice President Rick Gomez will engage in a fireside chat, with a live webcast available on the company's investor relations website.
As the largest distributor of HVAC/R products across North and Latin America, Watsco focuses on the replacement market. According to March 2023 data, over 102 million HVAC systems in the US have been operating for more than 10 years below current efficiency standards. The company has made significant environmental contributions, averting an estimated 22.8 million metric tons of CO2e emissions from 2020 to 2024 through higher-efficiency HVAC system sales – equivalent to removing 5.3 million gas-powered vehicles annually.
Watsco (NYSE:WSO) has announced an 11% increase in its annual dividend to $12.00 per share on both Common and Class B common stock, effective from the April 2025 quarterly payment. This marks the company's 51st consecutive year of dividend payments, reflecting strong 2024 performance and business confidence.
As the largest distributor of HVAC/R products in the United States, Canada, Mexico, and Puerto Rico, Watsco focuses on the replacement market. This sector has grown due to aging systems, higher energy efficient models, and essential HVAC needs in buildings. According to March 2023 EIA data, approximately 102 million HVAC systems in the United States are over 10 years old, operating below current efficiency standards.
Watsco (NYSE: WSO) reported strong Q4 2024 results with record performance across key metrics. Sales increased 9% to $1.75 billion, with gross profit up 13% to $468 million. The company achieved a 90 basis-point expansion in gross margin to 26.7% and 26% growth in operating income to $136 million.
For full-year 2024, sales grew 5% to $7.62 billion with operating income of $782 million. The company generated record operating cash flow of $773 million, up 38% year-over-year. E-commerce sales grew 8% to $2.6 billion, representing 35% of annual sales.
Watsco announced an 11% increase in its annual dividend to $12.00 per share, effective April 2025. The company maintains a strong financial position with $782 million in cash and short-term investments and a debt-free balance sheet. Growth was driven by residential equipment sales, which increased 16% in Q4, reflecting unit growth, new customer acquisition, and market share gains.
Watsco (NYSE: WSO) has announced its upcoming conference call to discuss 2024 fourth quarter and annual results, scheduled for Tuesday, February 18, 2025, at 10:00 a.m. (ET). The earnings results will be released before market opening on the same day.
As the largest distributor of HVAC/R products in the United States, Canada, Mexico, and Puerto Rico, Watsco plays a important role in climate change mitigation. According to March 2023 Energy Information Administration data, approximately 102 million HVAC systems in the United States are over 10 years old and operate below current efficiency standards.
The company's environmental impact is significant, having averted an estimated 22.8 million metric tons of CO2e emissions from January 2020 to December 2024 through higher-efficiency replacement HVAC systems. This achievement equals removing 5.3 million gas-powered vehicles from roads annually.
Watsco (NYSE: WSO) has declared a quarterly cash dividend of $2.70 per share on both Common and Class B common stock, payable on January 31, 2025, to shareholders of record as of January 17, 2025. The company has maintained a 51-year streak of dividend payments, emphasizing its commitment to sharing cash flow while maintaining a conservative balance sheet.
As the largest distributor of HVAC/R products across the United States, Canada, Mexico, and Puerto Rico, Watsco focuses on the replacement market. According to March 2023 data, approximately 102 million HVAC systems in the US have been operating for over 10 years below current efficiency standards. The company has contributed to environmental sustainability by averting an estimated 21.8 million metric tons of CO2e emissions from January 2020 to September 2024 through higher-efficiency HVAC system sales.
Watsco (NYSE: WSO) announces Rick Gomez, Vice President of Corporate Development, will present at the Stephens Investment Conference in Nashville on November 19, 2024, at 2:00 p.m. CT. The presentation will be available via live webcast on Watsco's website.
As the largest HVAC/R distributor in North America, Watsco focuses on the replacement market, serving approximately 102 million aging HVAC systems in the US. The company has made significant environmental contributions, averting an estimated 21.8 million metric tons of CO2e emissions from January 2020 to September 2024 through higher-efficiency HVAC system sales, equivalent to removing 5.2 million gas-powered vehicles annually.
Watsco (NYSE: WSO) reported record Q3 2024 results with sales increasing 2% to $2.16 billion and flat net income of $171 million. Operating cash flow improved 50% to $394 million for the nine months ended September 30, 2024. The company maintains a strong financial position with $550 million in cash and no borrowings. Business trends strengthened in October 2024 with mid-single digit sales growth. Unit sales of residential HVAC equipment stabilized during the 2024 selling season, complemented by solid growth in commercial HVAC systems. The company continues investing in technology platforms, with e-commerce sales growing 5% and representing 35% of total sales.
