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Watsco Inc   (NYSE: WSO)
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WSO's Net Income Growth by Quarter and Year

Watsco Inc 's Net Income results by quarter and year




WSO Net Income (in millions $) FY 2024 FY 2023 FY 2022 FY 2021
IV Quarter December - 97.74 157.13 95.63
III Quarter September 201.65 200.62 186.17 164.84
II Quarter June 214.65 205.40 225.51 172.13
I Quarter March 104.26 130.37 134.89 66.13
FY   520.56 634.13 703.70 498.73



WSO Net Income third quarter 2024 Y/Y Growth Comment
Watsco Inc reported Net Income growth of 0.51% year on year in the third quarter 2024, to $ 201.65 millions, this is lower than Watsco Inc 's recent average Net Income increase of 14.74%.

Looking into third quarter 2024 results within Miscellaneous Manufacturing industry 8 other companies have achieved higher Net Income growth. While Watsco Inc ' s Net Income increase of 0.51% ranks overall at the positon no. 862 in the third quarter 2024.




WSO Net Income ( Y/Y Growth %) 2024
2023 2022 2021
IV Quarter December - -37.8 % 64.31 % 69.32 %
III Quarter September 0.51 % 7.76 % 12.94 % 30.61 %
II Quarter June 4.5 % -8.92 % 31.01 % 65.13 %
I Quarter March -20.03 % -3.35 % 103.98 % 82.43 %
FY   - -9.89 % 41.1 % 54.32 %

Financial Statements
Watsco Inc 's third quarter 2024 Net Income $ 201.65 millions WSO's Income Statement
Watsco Inc 's third quarter 2023 Net Income $ 200.62 millions Quarterly WSO's Income Statement


WSO Net Income (Quarter on Quarter Growth %)

2024
2023 2022 2021
IV Quarter December - -51.28 % -15.6 % -41.99 %
III Quarter September -6.06 % -2.33 % -17.44 % -4.24 %
II Quarter June 105.88 % 57.55 % 67.18 % 160.29 %
I Quarter March 6.67 % -17.03 % 41.05 % 17.09 %
FY (Year on Year)   - -9.89 % 41.1 % 54.32 %




Net Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #9
Capital Goods Sector #75
Overall #862

Net Income Y/Y Growth Statistics
High Average Low
60.74 % 14.74 % -13.04 %
(Mar 31 2022)   (Mar 31 2024)
Net Income third quarter 2024 Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #9
Capital Goods Sector #75
Overall #862
Net Income Y/Y Growth Statistics
High Average Low
60.74 % 14.74 % -13.04 %
(Mar 31 2022)   (Mar 31 2024)

Net Income by Quarter for the Fiscal Years 2021, 2022, 2023, 2024

Watsco Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
351.39 % 29.32 % -60.23 %
(Jun 30 2012)  


WSO's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2024 Watsco Inc disclosed decline in Net Income from the second quarter by -6.06% to $ 201.65 millions, from $ 214.65 millions released a quarter before.

But that's not huge concern, as III. Quarter Net Income frequently seem to dip in the III. Quarter.

Within Miscellaneous Manufacturing industry 6 other companies have achieved higher Net Income quarter on quarter growth. While Watsco Inc 's Net Income growth quarter on quarter, overall rank is 1169.


Net Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #7
Capital Goods Sector #88
Overall #1169
Net Income Q/Q Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry #7
Capital Goods Sector #88
Overall #1169
Net Income Q/Q Growth Statistics
High Average Low
351.39 % 29.32 % -60.23 %
(Jun 30 2012)  


WSO's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2024 Watsco Inc disclosed decline in Net Income sequentially by -6.06% to $ 201.65 millions, from $ 214.65 millions released in the previous quarter.

But that's not huge problem, as III. Quarter Net Income always seem to dip in the III. Quarter.

Within Miscellaneous Manufacturing industry 6 other companies have achieved higher Net Income quarter on quarter growth. While Watsco Inc 's Net Income growth quarter on quarter, overall rank is 1169.


Watsco Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2024)
12 Months Ending
(Jun 30 2024)
12 Months Ending
(Mar 31 2024)
12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
Cumulative Net Income 12 Months Ending $ 618.30 $ 617.28 $ 608.03 $ 634.14 $ 693.53
Y / Y Net Income Growth (TTM) -10.85 % -9.1 % -13.04 % -9.88 % 7.99 %
Year on Year Net Income Growth Overall Ranking # 751 # 315 # 232 # 343 # 221
Seqeuential Net Income Change (TTM) 0.17 % 1.52 % -4.12 % -8.56 % 2.13 %
Seq. Net Income Growth (TTM) Overall Ranking # 862 # 417 # 416 # 664 # 489


Cumulative Net Income growth Comment
Watsco Inc 's cumulative 12 months Net Income continue to decline, but on the faster rate at -10.85% year on year, at Sep 30 2024 compare to the -9.1% decrease at Jun 30 2024. If the Watsco Inc 's fiscal year would end at Sep 30 2024, annual Net Income would be $618 millions.

In the Capital Goods sector 63 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 315 to 751.

Net Income TTM Q/Q Growth Statistics
High Average Low
60.74 %
14.74 %
-13.04 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry # 9
Capital Goods Sector # 64
Overall # 751

Net Income TTM Y/Y Growth Statistics
High Average Low
60.74 %
14.74 %
-13.04 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 9
Sector # 75
S&P 500 # 862
Cumulative Net Income growth Comment
Watsco Inc 's cumulative 12 months Net Income continue to decline, but on the faster rate at -10.85% year on year, at Sep 30 2024 compare to the -9.1% decrease at Jun 30 2024. If the Watsco Inc 's fiscal year would end at Sep 30 2024, annual Net Income would be $618 millions.

In the Capital Goods sector 63 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 315 to 751.

Net Income TTM Q/Q Growth Statistics
High Average Low
60.74 %
14.74 %
-13.04 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Miscellaneous Manufacturing Industry # 9
Capital Goods Sector # 64
Overall # 751

Net Income TTM Y/Y Growth Statistics
High Average Low
60.74 %
14.74 %
-13.04 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 9
Sector # 75
S&P 500 # 862




Other Net Income Growth
Miscellaneous Manufacturing Industry Net Income Growth Trends and Statistics
Capital Goods Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
WSO's Net Income Growth Ratio versus Miscellaneous Manufacturing Industry, Capital Goods Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for WSO's Competitors
Net Income Growth for Watsco Inc 's Suppliers
Net Income Growth for WSO's Customers

You may also want to know
WSO's Annual Growth Rates WSO's Profitability Ratios WSO's Asset Turnover Ratio WSO's Dividend Growth
WSO's Roe WSO's Valuation Ratios WSO's Financial Strength Ratios WSO's Dividend Payout Ratio
WSO's Roa WSO's Inventory Turnover Ratio WSO's Growth Rates WSO's Dividend Comparisons



Companies with similar Net Income decline for the quarter ending Sep 30 2024 within Capital Goods SectorY/Y Change %Net Income for the quarter ending Sep 30 2024
Installed Building Products Inc 0.89%$ 0.894 millions
Topbuild Corp0.81%$ 0.810 millions
Woodward Inc 0.78%$ 0.779 millions
Watsco Inc 0.51%$ 0.510 millions
Littelfuse Inc0.47%$ 0.467 millions




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