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) generates a steady flow of news as a major distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) products in North America. This news page aggregates coverage of the company’s announcements, giving investors and industry followers a single place to review its latest disclosures.
Recent Watsco news has featured quarterly and nine‑month operating results, where the company discusses revenue trends, gross profit, margins and cash flow, along with commentary on market conditions and regulatory changes such as the transition to A2L refrigerant‑based systems. Earnings releases are typically accompanied by details on conference calls and webcasts for analysts and investors.
Dividend announcements are another recurring news theme. Watsco has highlighted decades of consecutive dividend payments and has reported regular quarterly cash dividends on its common and Class B common stock, sometimes noting increases in the annual dividend rate and milestones such as its 200th consecutive quarter of dividend payments.
Technology and innovation updates also appear frequently in Watsco’s news. The company reports on its HVAC Pro+ mobile apps, e‑commerce platform, OnCallAir® digital sales tool, pricing optimization systems and AI‑driven initiatives such as Ask.Watsco and AL.watsco. These updates often describe user adoption, e‑commerce penetration and how these platforms affect customer engagement and margins.
In addition, Watsco uses news releases to announce acquisitions of HVAC/R and commercial refrigeration distributors, outline its "buy and build" strategy, and describe expansion in Sunbelt and other key markets. Readers can use this page to follow these developments, as well as scheduling notices for investor days, conference presentations and earnings calls related to WSO.
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.
Watsco, Inc. (NYSE: WSO) has announced a conference call to discuss its Q2 2022 financial results on July 26, 2022, at 10:00 a.m. EDT. The earnings report will be released before the market opens. Investors can pre-register for the call for immediate access. Watsco, the largest HVAC/R distribution network in North America, is actively involved in reducing CO2 emissions through higher-efficiency HVAC systems. The company has reportedly averted an estimated 11.4 million metric tons of CO2 emissions from January 2020 to March 2022 by selling these systems.
Watsco has declared a quarterly cash dividend of $2.20 per share, marking its 48th consecutive year of paying dividends. The dividend will be paid on July 29, 2022, to shareholders of record by the close of business on July 15, 2022. The company emphasizes its commitment to providing increasing cash flow to shareholders while maintaining a conservative balance sheet. Watsco plays a crucial role in the HVAC/R distribution sector and aims to reduce CO2e emissions through higher-efficiency HVAC system sales, which could save homeowners costs and enhance sustainability.
Watsco (NYSE: WSO) announced that Barry Logan, Executive Vice President, will present at the William Blair 42nd Annual Growth Stock Conference on June 9, 2022, at 8:00 a.m. CDT. The presentation can be accessed via a live webcast on Watsco's Investor Relations website. Watsco operates the largest HVAC/R distribution network, serving over 350,000 contractors and technicians annually across North America and beyond. The company aims to contribute to climate change mitigation by promoting energy-efficient HVAC systems, having averted an estimated 11.4 million metric tons of CO2e emissions from 2020 to 2022.
Watsco (NYSE: WSO) announced that Barry Logan, Executive Vice President, will present at Baird's Global Consumer, Technology & Services Conference on June 7, 2022, at 11:25 a.m. (EDT). Interested individuals can access a live webcast via Watsco's Investor Relations website. Watsco is the leading distributor of HVAC/R products across North America, serving over 350,000 contractors annually through 671 locations. The company is committed to combating climate change by promoting high-efficiency HVAC systems, averting an estimated 11.4 million metric tons of CO2e emissions from 2020 to March 2022.