See more : Fanli Digital Technology Co.,Ltd (600228.SS) 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.
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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 |
Watsco to Present at the Stephens Annual Investment Conference on November 14, 2023
MIAMI, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Enrique (Rick) Gomez, Vice President, is scheduled to speak at the Stephens Annual Investment Conference being held at the Grand Hyatt in Nashville, Tennessee on Tuesday,...
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3 Stocks to Watch From the Thriving Air Conditioner & Heating Industry
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Watsco's (WSO) Q3 Earnings & Revenues Top Estimates, Shares Up
Watsco's (WSO) third-quarter 2023 results reflect record sales, EPS and operating profit.
Watsco, Inc. (WSO) Q3 2023 Earnings Call Transcript
Watsco, Inc. (WSO) Q3 2023 Earnings Call Transcript
Watsco (WSO) Q3 Earnings and Revenues Top Estimates
Watsco (WSO) came out with quarterly earnings of $4.35 per share, beating the Zacks Consensus Estimate of $4.31 per share. This compares to earnings of $4.03 per share a year ago.
Source: https://incomestatements.info
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