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) is the largest distributor of heating, air conditioning, and refrigeration (HVAC/R) products in North America. Established over 50 years ago, Watsco transitioned from manufacturing HVAC/R components to distribution in 1989, emerging as an industry leader. The company operates 507 locations across 36 states, Puerto Rico, Latin America, and the Caribbean. As of 2023, Watsco generates 90% of its revenue from the U.S., with additional operations in Canada and Latin America, each contributing 5% to sales.
With a robust network of 4,000 employees, Watsco supports over 125,000 contractors who provide essential HVAC/R installation, repair, and replacement services. The company’s extensive product range meets the needs of four key industry segments:
- Air Conditioners, Furnaces, and Related Parts: Accounting for 50% of their offerings.
- Air Movement Products: Including ductwork and insulation, contributing 25%.
- Controls: Such as thermostats and air treatment systems, comprising 15%.
- Refrigeration Products: Making up 10% of their inventory.
Watsco’s significant presence in the HVAC/R market, particularly in the Sunbelt states, positions it strategically to capitalize on growth opportunities. The company’s entrepreneurial culture, industry scale, and technological transformation efforts contribute to strong margins and sustained long-term growth. Watsco’s commitment to innovation and regulatory compliance ensures it remains a pivotal player in the HVAC/R industry.
Recent achievements highlight Watsco’s dynamic approach and continuous evolution. For the latest updates, you can pre-register for events here and here.
Watsco, Inc. (NYSE: WSO) announced that Executive Vice President Barry S. Logan will present at the 2022 J.P. Morgan Industrials Conference on March 17, 2022, at 4:40 p.m. EDT. This event will be held at 383 Madison Avenue, New York City, with a live webcast available on Watsco's Investor Relations website.
Watsco is the largest distributor of HVAC/R products in North America, with a network of 671 locations visited by over 350,000 contractors and technicians annually. The company aims to address climate change through higher-efficiency replacement systems in its marketplace.
Watsco reported record fourth quarter and full-year results for 2021, with EPS up 77% to $2.02 and sales reaching $1.5 billion. For the year, EPS increased 54% to $10.78 on record sales of $6.3 billion and a 10.0% operating margin. The company also announced a 13% dividend increase to $8.80 per share. Despite challenges like supply chain disruptions, Watsco maintained a conservative balance sheet, expanded its workforce, and invested in technology and network growth. The company aims to capitalize on strong HVAC/R demand and higher efficiency systems as regulations evolve.
Watsco, Inc. (NYSE: WSO) has announced a 13% increase in its annual dividend, raising it to $8.80 per share, effective from April 2022. This decision highlights the company's robust performance and ongoing confidence in its business outlook. Watsco has maintained a consistent dividend payout for 48 consecutive years, reflecting its commitment to returning cash flow to shareholders while ensuring a conservative balance sheet. The company aims to enhance its distribution network and capitalize on opportunities in the HVAC/R market.
Watsco, Inc. (NYSE: WSO) will host a conference call on February 10, 2022, at 10:00 a.m. ET, to discuss its fourth quarter and annual financial results for 2021. The earnings report will be released before the market opens that day. Investors can access the call via the company’s website, and pre-registration is encouraged for immediate access. Watsco, the largest HVAC/R product distribution network in North America, emphasizes its commitment to sustainability and energy-efficient products to combat climate change.
Watsco, Inc. (NYSE: WSO) has declared a quarterly cash dividend of $1.95 per share, payable on January 31, 2022, to shareholders on record as of January 14, 2022. This marks 48 consecutive years of dividend payments, reflecting the company's commitment to return cash to shareholders while maintaining a robust financial position. Watsco emphasizes that future dividends will be assessed based on investment opportunities, cash flow, and economic conditions.
Watsco, Inc. (NYSE: WSO) reported record third quarter and nine-month results for 2021, achieving significant increases in sales and profits. Key highlights include:
- 31% increase in EPS to $3.62
- 16% sales growth to $1.78 billion
- 32% rise in operating income to $207 million
- 29% growth in gross profit to $483 million
The company also invested heavily in technology and expanded its branch network, completing three acquisitions worth $114 million to enhance customer experience and operational efficiency.
Watsco, Inc. (NYSE: WSO) will host a conference call on October 20, 2021, at 10:00 a.m. EDT to discuss its third quarter financial results. The earnings report will be released before market opening on the same day. Investors can pre-register for the call for immediate access, while those who do not pre-register can dial in five to ten minutes early. Watsco operates as a leading distributor of HVAC/R products across North America and has plans to enhance energy efficiency offerings in response to climate change initiatives.
Watsco, Inc. has declared a quarterly cash dividend of $1.95 per share, marking the 47th consecutive year of dividend payments. This dividend is payable on October 29, 2021, to shareholders on record by October 15, 2021. The company aims to share increasing cash flow with its shareholders while maintaining a conservative financial strategy. Watsco operates the largest distribution network for HVAC/R products across North America and Latin America, emphasizing the importance of energy-efficient systems as part of its long-term sustainability goals.
Watsco, Inc. (NYSE: WSO) will have Executive Vice President Barry Logan present at the Morgan Stanley 2021 Virtual Laguna Conference on September 14, 2021, at 4:30 p.m. EDT. Investors can tune into the live webcast at Watsco’s Investor Relations webpage. Watsco is recognized as the largest distribution network for HVAC/R products, catering to over 350,000 contractors and technicians annually across multiple locations including the U.S., Canada, and Mexico. The company aims to participate actively in addressing climate change through energy-efficient HVAC/R solutions.
FAQ
What is the current stock price of Watsco (WSO)?
What is the market cap of Watsco (WSO)?
What does Watsco, Inc. do?
Where does Watsco primarily operate?
How many locations does Watsco have?
Who are Watsco’s customers?
What are the main product segments of Watsco?
When did Watsco enter the distribution segment?
How many employees does Watsco have?
What percentage of Watsco’s revenue comes from the U.S.?
How does Watsco contribute to industry growth?
