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, Inc. (NYSE: WSO) reported record fourth quarter and full-year 2022 results, driven by strong sales and operational efficiencies. Fourth quarter EPS surged 76% to a record $3.55, with sales reaching $1.58 billion, up 5%. Gross profit also increased by 5%, reaching $434 million. Full-year sales rose 16% to $7.27 billion, with net income growing 43% to $601 million. The company benefitted from a $49 million tax advantage due to restricted stock vesting, notably enhancing EPS figures. Watsco emphasizes its robust technology platforms and strategic growth initiatives within the $50+ billion HVAC/R market.
Watsco, Inc. (NYSE: WSO) will host a conference call on February 16, 2023, at 10:00 a.m. (ET) to discuss its 2022 fourth quarter and annual financial results. The call will include prepared remarks followed by a Q&A session with senior management. Earnings results will be released before market open on the same day. Participants can pre-register for immediate access via a unique PIN. Watsco operates the largest HVAC/R distribution network across North America, significantly contributing to climate change mitigation through high-efficiency HVAC system sales, reportedly averting an estimated 15.8 million metric tons of CO2e emissions between 2020 and 2022.
Watsco Declares $2.45 Dividend
On January 3, 2023, Watsco, Inc. (NYSE: WSO) announced a quarterly cash dividend of $2.45 per share, payable on January 31, 2023, to shareholders of record as of January 17, 2023. This marks the 49th consecutive year of dividend payments, reflecting the company’s commitment to sharing cash flow while maintaining a strong balance sheet. Watsco plays a crucial role in reducing CO2 emissions by offering high-efficiency HVAC systems, having averted an estimated 14.2 million metric tons of CO2 emissions from 2020 to 2022.
Watsco, Inc. (NYSE: WSO) has announced an 11% increase in its annual dividend to $9.80 per share. This reflects the company's strong performance in 2022 and confidence in future prospects, according to Chairman & CEO Albert H. Nahmad. The new dividend will be paid starting in January 2023. Watsco has maintained dividend payments for 48 consecutive years, emphasizing a commitment to sharing increased cash flow with shareholders while upholding a conservative balance sheet.
Watsco (WSO) reported record operating results for Q3 2022, with a 14% sales growth to $2.04 billion and a gross profit increase of 14% to $551 million. The company's board approved an 11% dividend hike to $9.80 per share, continuing its 48-year dividend payment streak. Year-to-date sales reached $5.69 billion, up 19%, alongside significant growth in HVAC product categories. Despite challenges from Hurricane Ian and rising SG&A expenses, Watsco's strong financial position, including $130 million in cash and a robust equity base of $2.3 billion, underlies its growth outlook.
Watsco, Inc. (NYSE: WSO) will conduct a conference call on October 20, 2022, at 10:00 a.m. EDT to discuss its Q3 financial results. The earnings will be released before the market opens on the same day. Interested participants can pre-register to receive a unique PIN for access to the call. Watsco is the largest HVAC/R distribution network in North America, serving 350,000 contractors annually. The company also contributes to climate change mitigation, having averted approximately 12.9 million metric tons of CO2e emissions since 2020.
Watsco Declares Quarterly Dividend
On October 3, 2022, Watsco (NYSE: WSO) announced a quarterly cash dividend of $2.20 per share, payable on October 31, 2022, for shareholders on record as of October 17, 2022. This marks the 48th consecutive year of dividend payments. Watsco aims to share increasing cash flow while maintaining a conservative balance sheet for future growth. The company plays a significant role in climate change initiatives, having averted approximately 12.9 million metric tons of CO2e emissions by promoting higher-efficiency HVAC systems from January 2020 to June 2022.
Watsco, Inc. (NYSE: WSO) announces that Executive Vice President Barry Logan will present at Morgan Stanley's 10th Annual Laguna Conference on September 14, 2022, at 3:10 p.m. PDT. The presentation will be available via live webcast on Watsco's Investor Relations website. As the leading distributor of HVAC/R products in the U.S., Canada, Mexico, and Puerto Rico, Watsco aims to combat climate change by promoting higher efficiency HVAC systems. From January 2020 to June 2022, the company averted approximately 12.9 million metric tons of CO2e emissions through its sales of upgraded HVAC systems.
Watsco (NYSE: WSO) announced that Vice President Rick Gomez will present at the Jefferies Industrial Conference on August 9, 2022, at 10:30 a.m. EDT. Interested investors can access the live webcast on Watsco’s website. The company is the largest HVAC/R distribution network in North America, with over 673 locations across the U.S., Canada, Mexico, and Puerto Rico. Watsco plays a crucial role in combating climate change by promoting high-efficiency HVAC systems, which significantly reduce energy consumption. The company has reportedly averted 12.9 million metric tons of CO2e emissions from 2020 to mid-2022.
Watsco, Inc. (NYSE: WSO) announced a 33% increase in EPS to a record $4.93 for Q2 2022, supported by record sales of $2.13 billion and a 25% growth in gross profit. The company's operating income rose by 32% to $287 million. Watsco gained approximately 260 basis points of market share over the last three years, attributing its success to investments in technology and strong financial fundamentals. However, the company anticipates moderation in HVAC/R demand trends due to recent economic shifts. The annual dividend is now set at $8.80 per share.
