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Watsco Inc   (NYSE: WSO)
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Watsco Inc

WSO's Financial Statements and Analysis



Watsco Inc reported in the third quarter of 2024 net earnings per share of $4.22 a decrease by -2.99 % year on year from $4.35 and decline of -6.01 % from $4.49 earned in II. Quarter (Jun 30 2024).


third quarter of 2024
Earnings Per Share Revenues
$ 4.22 $  2,160 Mill
$-0.13     -2.99 % $+33M     +1.56 %



Watsco Inc 's Revenue rose by 1.56 % in third quarter of 2024 (Sep 30 2024) year on year, to $2,160 million and advanced by 0.97 % sequentially.


Watsco Inc is

More on WSO's Income Statement



Watsco Inc 's net income of $201.647 million in the third quarter of 2024 increased by 0.51 % from net earnings of $200.624 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -6.06 % from net income of $214.651 million realized in previous quarter.

More on WSO's Growth

Watsco Inc Inventories
Inventories grew by 3.04 % to $1,597 million from III. Quarter a year ago, sequentially inventories rose by 1.48 %. WSO's Cash flow In the third quarter of 2024 company's net cash flow was $70 million, capital expenditures fell by -9.6691.31%, to $-10 millions compare to same quarter a year ago

More on WSO's Cash flow Statement


Watsco Inc payed out dividend of $10.25 per share in last 52 weeks representing 79.15 % of net earning per share in trailing twelve-month period.

During the same period Watsco Inc earned $ 17.09 cash per share, on a free-cash flow basis 132 % of net earning per share.

Book value grew by 3.54 % sequentially to $78.02 per share, 78.63% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 61.47 per share from $ 58.76.

Company issued 0.13 million shares or 0.31 % in Sep 30 2024.
Debt Coverage Ratio was 1.83.

• More on WSO's Dividends

 Market Capitalization (Millions) 21,171
 Shares Outstanding (Millions) 41
 Total Debt (Millions $) 428
 Revenue (TTM) (Millions $) 7,468
 Net Income (TTM) (Millions $) 618
 Cash Flow (TTM) (Millions $) 119
 Capital Exp. (TTM) (Millions $) -32
 Dividend TTM ($) 10.25 $
 Dividend Yield TTM (%) 2.06 %
 Employees (TTM) $ 5,000




Watsco Inc payed out dividend of $10.25 per share in the last 52 weeks representing 79.15 % of net earning per share in trailing twelve-month period.

During the same period Watsco Inc had $ 17.09 cash flow per share, on a free-cash flow basis 132 % of net earning per share.

Book value grew by 3.54 % sequentially to $78.02 per share, 78.63% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 61.47 per share from $ 58.76.

Company issued 0.13 million shares or 0.31 % in Sep 30 2024.
Debt Coverage Ratio was 1.83.

• More on WSO's Balance Sheets

 Market Capitalization (Millions) 21,171
 Shares Outstanding (Millions) 41
 Total Debt (Millions $) 428
 Revenue (TTM) (Millions $) 7,468
 Net Income (TTM) (Millions $) 618
 Cash Flow (TTM) (Millions $) 119
 Capital Exp. (TTM) (Millions $) -32
 Dividend TTM ($) 10.25 $
 Dividend Yield TTM (%) 2.06 %
 Employees (TTM) $ 5,000
   


  News about Watsco Inc Earnings

Watsco Inc. Maintains Strong Dividend Streak as Revenue Slightly Increases in Q1 2024


Miami, FL - Watsco, Inc. (NYSE: WSO), the leading distributor of air conditioning, heating, and refrigeration equipment, continues to impress investors with its uninterrupted streak of dividends. The company recently declared a regular dividend of $2.70 per share on each outstanding share of its Common and Class B common stock, reinforcing its commitment to rewarding shareholders.
Despite facing a decline in income of -23.32% in the most recent fiscal period compared to the corresponding reporting period a year ago, Watsco's financial performance remains consistent. With revenues at $1.56 billion and earnings per share (EPS) at $2.17, the company has successfully maintained its position in the marke...

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: 2024-11-02T13:25:28+00:00





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