See more : Carrianna Group Holdings Company Limited (0126.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Watsco, Inc. (WSO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Watsco, Inc., a leading company in the Industrial – Distribution industry within the Industrials sector.
You may be interested
- Hokkaido Gas Co., Ltd. (9534.T) Income Statement Analysis – Financial Results
- BRIDGE International Corp. (7039.T) Income Statement Analysis – Financial Results
- PlantFuel Life Inc. (FUEL.CN) Income Statement Analysis – Financial Results
- Shukra Pharmaceuticals Limited (SHUKRAPHAR.BO) Income Statement Analysis – Financial Results
- Embelton Limited (EMB.AX) Income Statement Analysis – Financial Results
Watsco, Inc. (WSO)
About Watsco, Inc.
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.28B | 7.27B | 6.28B | 5.05B | 4.77B | 4.55B | 4.34B | 4.22B | 4.11B | 3.94B | 3.74B | 3.43B | 2.98B | 2.84B | 2.00B | 1.70B | 1.76B | 1.80B | 1.68B | 1.32B | 1.23B | 1.18B | 1.24B | 1.31B | 1.25B | 1.01B | 635.20M | 425.40M | 331.00M | 283.70M | 230.70M | 194.60M | 169.30M | 117.70M | 94.30M | 12.50M | 15.00M | 15.10M | 12.10M |
| Cost of Revenue | 5.29B | 5.24B | 4.61B | 3.83B | 3.61B | 3.43B | 3.28B | 3.19B | 3.11B | 2.99B | 2.84B | 2.62B | 2.25B | 2.17B | 1.52B | 1.26B | 1.31B | 1.34B | 1.26B | 978.09M | 927.83M | 893.61M | 939.61M | 999.12M | 943.20M | 771.10M | 487.50M | 325.60M | 254.70M | 195.10M | 155.40M | 147.20M | 126.60M | 86.00M | 67.40M | 14.20M | 8.90M | 9.20M | 7.30M |
| Gross Profit | 1.99B | 2.03B | 1.67B | 1.22B | 1.16B | 1.12B | 1.07B | 1.03B | 1.01B | 956.40M | 899.25M | 814.40M | 728.29M | 673.24M | 480.83M | 441.99M | 446.99M | 462.90M | 423.03M | 336.94M | 305.08M | 287.52M | 299.04M | 307.53M | 303.10M | 237.70M | 147.70M | 99.80M | 76.30M | 88.60M | 75.30M | 47.40M | 42.70M | 31.70M | 26.90M | -1.70M | 6.10M | 5.90M | 4.80M |
| Gross Profit Ratio | 27.35% | 27.91% | 26.55% | 24.19% | 24.25% | 24.64% | 24.54% | 24.51% | 24.49% | 24.25% | 24.02% | 23.73% | 24.46% | 23.67% | 24.02% | 26.00% | 25.43% | 25.71% | 25.14% | 25.62% | 24.74% | 24.34% | 24.14% | 23.54% | 24.32% | 23.56% | 23.25% | 23.46% | 23.05% | 31.23% | 32.64% | 24.36% | 25.22% | 26.93% | 28.53% | -13.60% | 40.67% | 39.07% | 39.67% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 1.10B | 1.13B | 987.86M | 778.03M | 745.55M | 757.45M | 715.67M | 688.95M | 670.61M | 650.66M | 628.04M | 589.49M | 529.24M | 507.67M | 399.77M | 343.39M | 335.83M | 327.30M | 306.57M | 254.88M | 243.89M | 236.89M | 247.85M | 253.23M | 232.40M | 177.50M | 109.90M | 71.40M | 55.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 82.60M | 86.62M | 70.45M | 55.02M | 54.78M | 51.74M | 47.67M | 42.81M | 41.35M | 43.32M | 39.40M | 37.68M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.19B | 1.22B | 1.06B | 833.05M | 800.33M | 757.45M | 715.67M | 688.95M | 670.61M | 650.66M | 628.04M | 589.49M | 529.24M | 507.67M | 399.77M | 343.39M | 335.83M | 327.30M | 306.57M | 254.88M | 243.89M | 236.89M | 247.85M | 253.23M | 232.40M | 177.50M | 109.90M | 71.40M | 55.30M | 71.30M | 62.10M | 35.60M | 32.30M | 23.50M | 20.00M | 6.40M | 3.60M | 3.70M | 3.60M |
| Other Expenses | 0.00 | 22.67M | 19.30M | 11.26M | 10.26M | 9.28M | 3.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -246.00K | 0.00 | 0.00 | 11.20M | 8.40M | 4.80M | 4.20M | 3.00M | 2.30M | 1.80M | 1.90M | 1.80M | 1.30M | 1.00M | 600.00K | 500.00K | 500.00K | 500.00K |
| Operating Expenses | 1.20B | 1.22B | 1.06B | 833.05M | 800.33M | 757.45M | 715.67M | 688.95M | 670.61M | 650.66M | 628.04M | 589.49M | 529.24M | 507.67M | 399.77M | 343.39M | 335.83M | 327.30M | 306.57M | 254.88M | 243.89M | 236.65M | 247.85M | 253.23M | 243.60M | 185.90M | 114.70M | 75.60M | 58.30M | 73.60M | 63.90M | 37.50M | 34.10M | 24.80M | 21.00M | 7.00M | 4.10M | 4.20M | 4.10M |
| Cost & Expenses | 6.49B | 6.47B | 5.67B | 4.67B | 4.41B | 4.18B | 3.99B | 3.88B | 3.78B | 3.64B | 3.47B | 3.21B | 2.78B | 2.68B | 1.92B | 1.60B | 1.65B | 1.67B | 1.57B | 1.23B | 1.17B | 1.13B | 1.19B | 1.25B | 1.19B | 957.00M | 602.20M | 401.20M | 313.00M | 268.70M | 219.30M | 184.70M | 160.70M | 110.80M | 88.40M | 21.20M | 13.00M | 13.40M | 11.40M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 4.92M | 2.17M | 996.00K | 1.24M | 4.03M | 2.74M | 6.36M | 3.71M | 5.55M | 5.21M | 5.83M | 4.67M | 51.75M | 3.49M | 2.73M | 2.02M | 5.08M | 3.82M | 3.34M | 4.41M | 5.51M | 6.85M | 15.69M | 34.51M | 12.40M | 11.40M | 1.80M | 2.50M | 5.20M | 4.50M | 1.10M | 3.90M | 4.10M | 3.30M | 2.90M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 35.09M | 31.68M | 28.13M | 25.91M | 24.51M | 22.10M | 22.03M | 20.07M | 19.12M | 17.93M | 17.71M | 15.91M | 11.73M | 10.77M | 8.53M | 7.07M | 6.42M | 5.91M | 8.72M | 7.77M | 7.42M | 8.11M | 12.08M | 12.26M | 11.20M | 8.40M | 4.80M | 4.20M | 3.00M | 2.30M | 1.80M | 1.90M | 1.80M | 1.30M | 1.00M | 600.00K | 500.00K | 500.00K | 500.00K |
| EBITDA | 829.90M | 863.26M | 656.66M | 426.94M | 391.40M | 394.18M | 375.91M | 365.70M | 355.87M | 323.67M | 288.60M | 240.82M | 210.78M | 176.34M | 89.59M | 105.68M | 117.57M | 141.51M | 125.18M | 88.82M | 68.61M | 58.99M | 63.28M | 66.56M | 70.67M | 63.10M | 40.10M | 23.60M | 17.10M | 17.30M | 13.20M | 11.80M | 10.40M | 8.20M | 6.90M | -8.10M | 2.50M | 2.20M | 1.20M |
| EBITDA Ratio | 11.39% | 11.43% | 10.01% | 7.93% | 7.69% | 8.18% | 8.15% | 8.19% | 8.19% | 7.75% | 7.25% | 6.55% | 6.68% | 5.82% | 4.05% | 5.80% | 6.69% | 7.86% | 7.44% | 6.83% | 5.56% | 4.97% | 5.34% | 5.91% | 5.65% | 5.96% | 5.73% | 6.54% | 6.25% | 6.06% | 5.07% | 5.86% | 5.85% | 6.88% | 7.00% | -150.40% | 10.00% | 7.28% | 1.65% |
| Operating Income | 771.42M | 831.58M | 628.53M | 401.03M | 366.88M | 372.08M | 353.87M | 345.63M | 336.75M | 305.75M | 271.21M | 224.91M | 199.05M | 165.57M | 81.06M | 98.61M | 111.15M | 135.60M | 116.46M | 82.05M | 61.19M | 50.92M | 48.32M | 54.30M | 59.50M | 51.80M | 33.00M | 24.20M | 18.00M | 15.00M | 11.40M | 9.90M | 8.60M | 6.90M | 5.90M | -8.70M | 2.00M | 1.70M | 700.00K |
| Operating Income Ratio | 10.59% | 11.43% | 10.01% | 7.93% | 7.69% | 8.18% | 8.15% | 8.19% | 8.19% | 7.75% | 7.25% | 6.55% | 6.68% | 5.82% | 4.05% | 5.80% | 6.32% | 7.53% | 6.92% | 6.24% | 4.96% | 4.31% | 3.90% | 4.16% | 4.77% | 5.13% | 5.20% | 5.69% | 5.44% | 5.29% | 4.94% | 5.09% | 5.08% | 5.86% | 6.26% | -69.60% | 13.33% | 11.26% | 5.79% |
| Total Other Income/Expenses | 18.47M | -2.17M | -996.00K | -1.24M | -4.03M | -2.74M | -6.36M | -3.71M | -5.55M | -5.21M | -5.83M | -4.67M | -4.46M | -3.49M | -2.73M | -2.02M | -3.17M | -3.82M | -3.34M | -4.41M | -5.51M | -7.19M | -9.96M | -23.86M | -12.67M | -11.30M | -1.50M | 0.00 | -2.90M | -4.60M | -2.60M | -4.30M | -4.60M | -3.40M | -2.60M | 9.70M | 100.00K | 300.00K | 500.00K |
| Income Before Tax | 789.89M | 829.41M | 627.53M | 399.80M | 362.85M | 369.34M | 347.51M | 341.92M | 331.20M | 300.54M | 265.38M | 220.24M | 194.59M | 162.08M | 78.33M | 96.59M | 107.98M | 131.78M | 113.12M | 77.64M | 55.68M | 43.73M | 38.37M | 30.44M | 46.80M | 40.80M | 29.80M | 21.10M | 12.50M | 10.40M | 8.80M | 5.60M | 4.00M | 3.50M | 3.30M | 1.00M | 2.10M | 2.00M | 1.20M |
| Income Before Tax Ratio | 10.84% | 11.40% | 9.99% | 7.91% | 7.61% | 8.12% | 8.00% | 8.10% | 8.05% | 7.62% | 7.09% | 6.42% | 6.53% | 5.70% | 3.91% | 5.68% | 6.14% | 7.32% | 6.72% | 5.90% | 4.52% | 3.70% | 3.10% | 2.33% | 3.76% | 4.04% | 4.69% | 4.96% | 3.78% | 3.67% | 3.81% | 2.88% | 2.36% | 2.97% | 3.50% | 8.00% | 14.00% | 13.25% | 9.92% |
| Income Tax Expense | 155.75M | 125.72M | 128.80M | 76.62M | 67.08M | 72.81M | 90.22M | 105.94M | 104.68M | 91.84M | 77.66M | 62.64M | 56.85M | 50.36M | 26.76M | 36.22M | 40.49M | 49.42M | 43.10M | 29.53M | 20.79M | 15.20M | 13.93M | 11.32M | 17.30M | 15.10M | 11.50M | 8.10M | 5.20M | 4.60M | 3.80M | 2.70M | 2.00M | 1.50M | 1.20M | 200.00K | 400.00K | 400.00K | 200.00K |
| Net Income | 536.34M | 601.17M | 418.95M | 269.58M | 245.95M | 242.93M | 208.22M | 182.81M | 172.93M | 151.39M | 127.72M | 103.33M | 90.45M | 80.76M | 43.31M | 60.37M | 65.58M | 82.36M | 70.02M | 48.11M | 34.90M | 28.54M | 24.44M | 19.11M | 29.50M | 25.20M | 18.30M | 13.00M | 7.30M | 5.80M | 5.00M | 2.90M | 2.00M | 2.00M | 1.50M | 800.00K | 1.70M | 1.60M | 1.00M |
| Net Income Ratio | 7.36% | 8.26% | 6.67% | 5.33% | 5.16% | 5.34% | 4.80% | 4.33% | 4.20% | 3.84% | 3.41% | 3.01% | 3.04% | 2.84% | 2.16% | 3.55% | 3.73% | 4.57% | 4.16% | 3.66% | 2.83% | 2.42% | 1.97% | 1.46% | 2.37% | 2.50% | 2.88% | 3.06% | 2.21% | 2.04% | 2.17% | 1.49% | 1.18% | 1.70% | 1.59% | 6.40% | 11.33% | 10.60% | 8.26% |
| EPS | 13.67 | 15.46 | 10.83 | 7.03 | 6.51 | 6.48 | 5.12 | 4.73 | 4.51 | 4.00 | 3.42 | 2.48 | 2.74 | 2.49 | 1.40 | 2.28 | 2.49 | 3.15 | 2.69 | 1.89 | 1.39 | 1.12 | 0.94 | 0.72 | 1.03 | 0.93 | 0.73 | 0.67 | 0.52 | 0.25 | 0.28 | 0.31 | 0.24 | 0.27 | 0.21 | 0.11 | 0.23 | 0.21 | 0.14 |
| EPS Diluted | 13.67 | 15.41 | 10.78 | 7.01 | 6.50 | 6.48 | 5.12 | 4.73 | 4.51 | 4.00 | 3.42 | 2.48 | 2.74 | 2.49 | 1.40 | 2.18 | 2.36 | 2.96 | 2.52 | 1.79 | 1.34 | 1.07 | 0.90 | 0.69 | 0.99 | 0.89 | 0.68 | 0.60 | 0.46 | 0.25 | 0.28 | 0.29 | 0.22 | 0.25 | 0.19 | 0.11 | 0.21 | 0.21 | 0.14 |
| Weighted Avg Shares Out | 36.53M | 35.56M | 35.24M | 35.07M | 34.64M | 37.46M | 37.23M | 35.53M | 35.31M | 35.01M | 34.73M | 34.52M | 33.01M | 32.45M | 28.52M | 26.45M | 26.30M | 26.15M | 26.05M | 25.51M | 25.09M | 25.56M | 25.95M | 26.55M | 28.64M | 27.10M | 25.07M | 19.10M | 13.85M | 14.00M | 12.94M | 9.35M | 8.33M | 7.41M | 7.14M | 7.27M | 7.39M | 7.62M | 7.14M |
| Weighted Avg Shares Out (Dil) | 36.53M | 35.68M | 35.42M | 35.15M | 34.68M | 37.46M | 37.23M | 35.53M | 35.31M | 35.01M | 34.73M | 34.52M | 33.01M | 32.45M | 28.52M | 27.74M | 27.82M | 27.83M | 27.77M | 26.93M | 26.04M | 26.67M | 27.25M | 27.79M | 29.80M | 28.31M | 26.91M | 21.33M | 15.65M | 14.41M | 13.75M | 10.00M | 9.09M | 8.00M | 7.89M | 7.27M | 8.10M | 7.62M | 7.14M |
Watsco (WSO) Boosts Market Presence With Gateway Supply Buyout
Watsco (WSO) enhances its position in the HVAC/R industry through the strategic acquisition of Gateway Supply Company, Inc.
Watsco to Present at the 11th Annual Morgan Stanley Laguna Conference on September 13, 2023
MIAMI, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Barry Logan, Executive Vice President, is scheduled to speak at Morgan Stanley's 11th Annual Laguna Conference on Wednesday, September 13, 2023 at 10:35 a.m. (EDT). Internet...
Watsco Acquires Gateway Supply Company
$180 Million Distributor Adds 16 Locations in Core Sunbelt Markets Gateway Builds on Watsco's Leading Scale in Fragmented $50 Billion HVAC Marketplace
Watsco (WSO) Up 1.2% Since Last Earnings Report: Can It Continue?
Watsco (WSO) reported earnings 30 days ago. What's next for the stock?
Watsco's (WSO) Q2 Earnings & Revenues Miss Estimates, Down Y/Y
Watsco's (WSO) second-quarter 2023 results reflect decreased sales in HVAC equipment and products along with delayed product availability due to product transition.
Watsco, Inc. (WSO) Q2 2023 Earnings Call Transcript
Watsco, Inc. (NYSE:WSO ) Q2 2023 Results Conference Call August 1, 2023 10:00 AM ET Company Participants Albert Nahmad - Chairman, CEO Aaron Nahmad - President Paul Johnston - EVP Barry Logan - EVP, Secretary Conference Call Participants Brett Linzey...
Watsco (WSO) Q2 Earnings and Revenues Miss Estimates
Watsco (WSO) came out with quarterly earnings of $4.42 per share, missing the Zacks Consensus Estimate of $4.87 per share. This compares to earnings of $4.93 per share a year ago.
Watsco Reports Strong Second Quarter Results
Entrepreneurial Culture, Industry Scale, Technology Transformation and Regulatory Changes Contribute to Strong Margins and Support Long-Term Growth Entrepreneurial Culture, Industry Scale, Technology Transformation and Regulatory Changes Contribute to Strong Margins and Support Long-Term Growth
Analysts Estimate Watsco (WSO) to Report a Decline in Earnings: What to Look Out for
Watsco (WSO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Watsco's Earnings Call to Discuss Second Quarter Results Scheduled on August 1, 2023
MIAMI, July 10, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 second quarter financial results on Tuesday, August 1, 2023 at 10:00 a.m. (EDT). Prepared remarks regarding...
Source: https://incomestatements.info
Category: Stock Reports