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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.
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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 |
Unlocking Q3 Potential of Watsco (WSO): Exploring Wall Street Estimates for Key Metrics
Evaluate the expected performance of Watsco (WSO) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Watsco (WSO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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 Schedules Third Quarter Earnings Conference Call on Wednesday, October 23, 2024
MIAMI, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2024 third quarter financial results on Wednesday, October 23, 2024 at 10:00 a.m. (EDT). Prepared remarks regarding...
Watsco Declares $2.70 Quarterly Dividend
MIAMI, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on October 31, 2024...
Watsco to Present at the 12th Annual Morgan Stanley Laguna Conference on September 11, 2024 at 3:10 p.m. PDT
MIAMI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Rick Gomez, Vice President of Corporate Development, is scheduled to present at the 12th Annual Morgan Stanley Laguna Conference being held at the Ritz Carlton, Laguna...
Why Is Watsco (WSO) Down 3.5% Since Last Earnings Report?
Watsco (WSO) reported earnings 30 days ago. What's next for the stock?
Here's Why Investor Should Retain Watsco (WSO) Stock for Now
Watsco (WSO) to benefit from technology investments and industry-driven catalysts for long-term growth. Yet, seasonal sales trends and increased costs are a concern.
Watsco (WSO) Reliance on International Sales: What Investors Need to Know
Explore how Watsco's (WSO) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
Compared to Estimates, Watsco (WSO) Q2 Earnings: A Look at Key Metrics
The headline numbers for Watsco (WSO) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Watsco Analysts Increase Their Forecasts Following Q2 Results
Watsco, Inc. WSO reported worse-than-expected second-quarter financial results on Tuesday.
Source: https://incomestatements.info
Category: Stock Reports