Watsco Earnings Reports

Watsco achieved a 9% YoY revenue increase, driven by strong HVAC equipment sales. Operating income grew 26%, and net income rose 17%. The company also expanded its gross and operating margins while maintaining a debt-free balance sheet.

Watsco reported a 2% increase in sales, reaching a record $2.16 billion for the third quarter of 2024. The company's net income remained flat at $171 million, and earnings per share declined by 3% to $4.22. The company sees potential for further improving productivity and is gratified that its focus on the balance sheet has produced record cash flow.

Watsco reported a record $2.1 billion in revenue for Q2 2024, a 7% increase year-over-year, with EPS of $4.49 compared to $4.42 last year. The company's strong cash flow and debt-free balance sheet supported long-term investment and growth.

Watsco reported a 1% increase in revenues to a record $1.56 billion for Q1 2024. The company generated record first quarter operating cash flow of $104 million and strengthened its balance sheet with $479 million in cash and investments. EPS was $2.17 compared to $2.83 in the previous year.

Watsco's Q4 2023 results showed a 1% increase in sales, reaching a record $1.60 billion. EPS was reported at $2.06, compared to $3.55 in the previous year. The company experienced a 40% increase in operating cash flow, achieving a record $299 million.