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Watsco, Inc. - $WSO STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Watsco's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Watsco's position in the market.

Rhea-AI Summary
Watsco, Inc. to host conference call for Q3 2023 financial results
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End-of-Day
0.8%
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Rhea-AI Summary
Watsco, Inc. declares a quarterly cash dividend of $2.45 per share, marking the 49th consecutive year of paying dividends. The company has shown consistent performance with revenue and operating income growing at CAGRs of 15% and 19% respectively. Watsco maintains a conservative balance sheet and strong cash flow.
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End-of-Day
-0.57%
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Watsco, Inc. executive to speak at Morgan Stanley conference
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-0.54%
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conferences
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Watsco completes acquisition of Gateway Supply Company, a distributor of plumbing and HVAC products
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0.99%
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Rhea-AI Summary
Watsco, Inc. (NYSE: WSO) announced strong margins and long-term growth, driven by an entrepreneurial culture, technology transformation, and regulatory changes. The company reported a 15% CAGR in sales and 19% in operating income since 1989, with dividends growing at a 21% CAGR. Second quarter results reflect a significant product transition to new HVAC equipment systems, impacted by OEM production delays, resulting in an estimated sales impact of $75 to $80 million. However, the company remains committed to investing in technologies to transform business operations in the digital age.
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-0.33%
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1.2%
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-0.92%
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0.21%
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8.32%
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Watsco, Inc.

NYSE:WSO

WSO Rankings

WSO Stock Data

18.72B
31.69M
0.75%
109.05%
9.77%
Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
Wholesale Trade
Link
United States of America
COCONUT GROVE

About WSO

watsco, inc. (nyse:wso) is the largest distributor of heating, air conditioning, and refrigeration (hvac/r) products with 507 locations in 36 states, puerto rico, latin america and the caribbean. founded more than 50 years ago as a manufacturer of parts and components for hvac/r equipment, watsco entered the distribution segment in 1989 and has become the industry leader with sales of $2.0 billion in 2009. watsco has 4,000 employees assisting over 50,000 contractors who, in turn, service, repair or replace hvac/r systems. watsco meets contractor’s needs by supplying the products required for the four major industry segments: air conditioners, furnaces and related parts (50%) air movement products, including ductwork and insulation (25%) controls, including thermostats and air treatment systems (15%) refrigeration products (10%)