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Watsco Inc   (WSO)
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Watsco Inc

WSO's Financial Statements and Analysis



Watsco Inc reported in the forth quarter of 2023 net earnings per share of $2.07 a decrease by -41.29 % year on year from $3.53 and decline of -52.37 % from $4.35 earned in III. Quarter (Sep 30 2023).


forth quarter of 2023
Earnings Per Share Revenues
$ 2.07 $  1,603 Mill
$-1.46     -41.29 % $+22M     +1.39 %



Watsco Inc 's Revenue rose by 1.39 % in forth quarter of 2023 (Dec 31 2023) year on year, to $1,603 million and declined by -24.62 % sequentially.


Watsco Inc is

More on WSO's Income Statement



Watsco Inc 's net income of $97.741 million in the forth quarter of 2023 decreased by -37.8 % from net earnings of $157.130 million achieved in IV. Quarter a year ago.

Sequentially net earnings fell by -51.28 % from net income of $200.624 million realized in previous quarter.

More on WSO's Growth

Watsco Inc Inventories
Inventories declined by -1.67 % to $1,347.29 million from IV. Quarter a year ago, sequentially inventories fell by -13.06 %. WSO's Cash flow In the forth quarter of 2023 company's net cash flow was $35 million

More on WSO's Cash flow Statement


Watsco Inc payed out dividend of $9.78 per share in last 52 weeks representing 71.54 % of net earning per share in trailing twelve-month period.

During the same period Watsco Inc earned $ 14.32 cash per share, on a free-cash flow basis 104.78 % of net earning per share.

Book value fell by -1.70 % sequentially to $66.68 per share.
Tangible Book value fell to $ 49.47 per share from $ 50.94.

Company repurchased 0.06 million shares or 0.17 % in Dec 31 2023.
Interest Coverage Ratio was 115.15. Debt Coverage Ratio was 1.5.

More on WSO's Dividends

 Market Capitalization (Millions) 16,645
 Shares Outstanding (Millions) 39
 Total Debt (Millions $) 405
 Revenue (TTM) (Millions $) 7,284
 Net Income (TTM) (Millions $) 634
 Cash Flow (TTM) (Millions $) 63
 Capital Exp. (TTM) (Millions $) -35
 Dividend TTM ($) 9.78 $
 Dividend Yield TTM (%) 2.32 %
 Employees (TTM) $ 5,000




Watsco Inc payed out dividend of $9.78 per share in the last 52 weeks representing 71.54 % of net earning per share in trailing twelve-month period.

During the same period Watsco Inc had $ 14.32 cash flow per share, on a free-cash flow basis 104.78 % of net earning per share.

Book value fell by -1.70 % sequentially to $66.68 per share.
Tangible Book value fell to $ 49.47 per share from $ 50.94.

Company repurchased 0.06 million shares or 0.17 % in Dec 31 2023.
Interest Coverage Ratio was 115.15. Debt Coverage Ratio was 1.5.

More on WSO's Balance Sheets

 Market Capitalization (Millions) 16,645
 Shares Outstanding (Millions) 39
 Total Debt (Millions $) 405
 Revenue (TTM) (Millions $) 7,284
 Net Income (TTM) (Millions $) 634
 Cash Flow (TTM) (Millions $) 63
 Capital Exp. (TTM) (Millions $) -35
 Dividend TTM ($) 9.78 $
 Dividend Yield TTM (%) 2.32 %
 Employees (TTM) $ 5,000
   


  News about Watsco Inc Earnings

Watsco Inc. Boosts Annual Dividend by 10% Amid Strong Financial Performance

Watsco, Inc. (NYSE:WSO) recently announced a 10% increase in its annual dividend, raising it to $10.80 per share on each outstanding share of its Common and Class B common stock. This is a significant boost in dividends following the company's strong financial performance and growth prospects, as highlighted in their uninterrupted dividend streak in October 2023.
As of the third quarter of 2023, Watsco Inc's 12 Months dividend payout ratio reached 48.38, showcasing sustained growth in this aspect of their financials. While the ratio remains below the sector average, it is important to note that 19 companies in the Capital Goods sector have higher ratios. Additionally, Watsco Inc's cumulative dividend pay...

WSO Surges Ahead with Impressive Earnings and Revenue Growth in Q3 2023

Watsco Inc (WSO) recently announced its third-quarter earnings for the year 2023, revealing a rise in revenue and earnings per share. The company reported a revenue increase of 4.472%, reaching $2.13 billion, compared to $2.04 billion in the corresponding financial reporting period from a year ago. Additionally, WSO increased its earnings per share by 7.94% to $4.35 from $4.03 in the prior year.
Despite these positive results, Watsco Inc's top-line growth falls behind its contemporaries in the Miscellaneous Manufacturing industry. The company experienced a 5.92% improvement in top-line growth from the corresponding financial reporting period a year ago. In the preceding financial reporting period, WSO re...

Shaky Financial Performance Raises Eyebrows as Watsco Inc. Reports Decreased Revenue and Income in Q2 2023

As a stock market journalist, it is my role to analyze and interpret financial results to help investor...

Watsco Inc. Reports Increased Revenue but Declining Earnings for Q1 2023

When it comes to assessing the financial performance of a company, revenue and income are two key indicators that investors and analysts pay close attention to. In the case of Watsco Inc, the company saw a revenue elevation of 1.777% in the fiscal interval ending March 31, 2023, which sounds promising at first glance. However, a closer look at the numbers reveals that this increase was not enough to prevent an income reduction of -2.41% in proportion to the corresponding quarter a year ago.
So what does this mean for the company? Despite generating $1.55 billion in revenue and earnings per share (EPS) of $2.83, Watsco Inc experienced a -2.41% reduction in income compared to the same period last year. Fur...


Date modified: 2024-02-24T16:05:31+00:00





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