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) has announced its 2024 third quarter financial results conference call, scheduled for Wednesday, October 23, 2024, at 10:00 a.m. (EDT). The call will be web-cast by CCBN's StreetEvents and can be accessed through Watsco's website. Earnings results will be released before market opening on the same day. A replay will be available on the website.
Watsco operates the largest distribution network for HVAC/R products in the United States, Canada, Mexico, Puerto Rico, and exports to Latin America and the Caribbean. The company focuses on the replacement market, which has grown due to aging systems and the introduction of higher energy-efficient models. Watsco has contributed to reducing CO2e emissions through the sale of higher-efficiency HVAC systems, averting an estimated 21.8 million metric tons of CO2e emissions from January 2020 to September 2024.
Watsco, Inc. (NYSE: WSO) has declared a regular quarterly cash dividend of $2.70 per share on its Common and Class B common stock. The dividend is payable on October 31, 2024 to shareholders of record at the close of business on October 16, 2024. This marks 50 consecutive years of dividend payments by Watsco. The company's dividend philosophy aims to share cash flow while maintaining a conservative balance sheet and capacity for network expansion.
Watsco operates the largest distribution network for HVAC/R products in the United States, Canada, Mexico, and Puerto Rico. The company focuses on the replacement market, which has grown due to aging systems and the introduction of higher energy-efficient models. Watsco plays a significant role in reducing CO2e emissions through the sale of more efficient HVAC systems, having averted an estimated 20.9 million metric tons of CO2e emissions from January 2020 to June 2024.
Watsco Inc. (NYSE: WSO), the largest distributor of HVAC/R products, announced its participation in the 12th Annual Morgan Stanley Laguna Conference. Rick Gomez, Vice President of Corporate Development, will present on September 11, 2024, at 3:10 p.m. PDT. A live webcast will be available on Watsco's website.
Watsco operates in the HVAC/R replacement market, which has grown due to aging systems and the need for energy-efficient models. With approximately 102 million HVAC systems over 10 years old in the U.S., Watsco plays a important role in reducing CO2e emissions. From January 2020 to June 2024, the company averted an estimated 20.9 million metric tons of CO2e emissions through the sale of higher-efficiency HVAC systems, equivalent to removing 5 million gas-powered vehicles annually.
Watsco (NYSE: WSO) reported record sales and enhanced operating efficiency for Q2 2024. Key highlights include:
- Revenue increased 7% to a record $2.1 billion (4% same-store growth)
- Gross profit up 3% to $580 million (27.1% margin)
- Operating income of $269 million (12.6% margin)
- EPS of $4.49 vs $4.42 last year
- Operating cash flow improved by $100 million year-over-year
The company's growth strategy focuses on acquisitions, technology innovation, and industry catalysts like regulatory changes and electrification trends. Watsco maintains a strong financial position with $425 million in cash and no borrowings, supporting future growth opportunities.
Watsco (NYSE: WSO) has announced its 2024 second quarter earnings call, scheduled for July 30, 2024, at 10:00 a.m. EDT. The call will be web-cast and available on the company's website. Watsco, the largest distributor of HVAC/R products in North America, serves over 375,000 professionals annually through its 691 locations. The company focuses on the replacement market, which has grown due to aging systems and increased energy efficiency demands.
Notably, Watsco has contributed significantly to reducing CO2e emissions. From January 2020 to June 2024, the company estimates it has averted 20.9 million metric tons of CO2e emissions through the sale of higher-efficiency HVAC systems, equivalent to removing 5 million gas-powered vehicles from the road annually.
Watsco's Board of Directors declared a $2.70 quarterly cash dividend payable on July 31, 2024, to shareholders of record by July 16, 2024. This marks 50 consecutive years of dividend payments. The company maintains a conservative balance sheet and considers future dividend changes based on investment opportunities and economic conditions. Watsco, operating the largest HVAC/R distribution network in North America and exporting to Latin America and the Caribbean, serves over 375,000 professionals annually. Their focus on replacing older HVAC systems with higher efficiency models promotes significant CO2 emission reductions, having averted 20.1 million metric tons of CO2e emissions from January 2020 to March 2024.
Watsco, a major distributor of HVAC/R products, announced that its Executive Vice President, Barry Logan, will present at the William Blair 44th Annual Growth Stock Conference on June 4, 2024, at 3:20 p.m. CDT in Chicago. The presentation will be live-streamed on Watsco's Investor Relations webpage. The company operates 691 locations across North America and the Caribbean, servicing over 375,000 industry professionals annually. Highlighting its focus on replacing aging HVAC systems, Watsco reported averted CO2e emissions of 20.1 million metric tons from January 2020 to March 2024. This is equivalent to removing 4.8 million gas-powered vehicles from the road each year.