See more : Xinyu Iron & Steel Co., Ltd (600782.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 Reports Record-Breaking Third Quarter
Sales, Operating Income, Net Income and EPS at Record Levels Improved Productivity and Operating Efficiency Drive Record Operating Margin; Strong Balance Sheet Well-Positioned for Investment MIAMI, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced its results for...
Why Earnings Season Could Be Great for Watsco (WSO)
Watsco (WSO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
What's in the Cards for Watsco (WSO) in Q3 Earnings?
Watsco's (WSO) Q3 results are likely to reflect hot weather, higher prices and solid commercial demand. Yet, slow demand for residential equipment units is a concern.
Watsco (WSO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Watsco (WSO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Watsco (WSO) Reaches 52-Week High: What's Driving the Stock?
Watsco (WSO) benefits from solid technology spending and bolt-on acquisitions.
AZEK vs. WSO: Which Stock Is the Better Value Option?
Investors interested in Building Products - Air Conditioner and Heating stocks are likely familiar with The AZEK Company (AZEK) and Watsco (WSO). But which of these two stocks is more attractive to value investors?
Watsco's Earnings Call to Discuss Third Quarter Results Scheduled on October 19, 2023
MIAMI, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 third quarter financial results on Thursday, October 19, 2023 at 10:00 a.m. (EDT). Prepared remarks regarding...
Watsco Declares $2.45 Quarterly Dividend
MIAMI, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on October 31, 2023...
Strength Seen in Watsco (WSO): Can Its 6.2% Jump Turn into More Strength?
Watsco (WSO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
These Stocks Were Big Inflation Winners. Now They're at Risk of a Slowdown.
Ferguson, Pool Corp., Watsco, and Wesco do well when prices are increasing and inventory gets marked up. What happens when inflation slows?
Source: https://incomestatements.info
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