Watsco Stock Price, News & Analysis

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.

Watsco (NYSE: WSO) announced that Rick Gomez, Vice President of Corporate Development, will present at the Jefferies 2021 Virtual Industrials Conference on August 3, 2021, at 1:00 p.m. EDT. The presentation will be available via live webcast on Watsco's Investor Relations page.

As the largest distributor of HVAC/R products in North America, Watsco operates over 655 locations, serving over 350,000 contractors annually. The company is committed to improving energy efficiency and addressing climate change through collaboration with OEM partners.