Watsco 2/13/2024 Earnings Report

Watsco EPS Results

• Actual EPS: $2.06
• Consensus EPS: $2.42
• Beat/Miss: Missed by -$0.36
• One Year Ago EPS: N/A

Watsco Revenue Results

• Actual Revenue: $1.60 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Watsco Announcement Details

• Date: 2/13/2024
• Time: Before Market Opens
• Conference Call Date: N/A
• Conference Call Time: N/A

Watsco (NYSE:WSO.B) is a leading distributor of heating, ventilation, air conditioning and refrigeration (HVACR) equipment, replacement parts and related services. Headquartered in Miami, Florida, the company serves a broad network of professional contractors across the United States, Canada, Mexico, Puerto Rico and select markets in Central and South America. Through its national footprint, Watsco offers an extensive portfolio of heating and cooling systems from top manufacturers alongside comprehensive aftermarket parts that support installation, maintenance and repair.

The company’s core business activities include the wholesale distribution of residential and commercial HVAC equipment, parts and supplies. In addition to its traditional distribution model, Watsco provides value-added services such as equipment financing, technical training and warranty support designed to streamline operations for contractors and end users. By integrating e-commerce platforms and data analytics, Watsco enhances inventory management and order fulfillment efficiency, positioning itself as a one-stop resource for HVACR professionals.

Tracing its roots to a Florida-based distributor founded in 1956, Watsco has grown through organic expansion and targeted acquisitions to establish one of the most extensive HVACR distribution networks in North America. The company went public in the mid-1980s and has since maintained a focus on customer service, operational excellence and strategic partnerships with leading equipment manufacturers. Under the leadership of President and Chief Executive Officer Albert Nahmad, Watsco continues to leverage technological innovation and market insight to support its contractor customers and drive long-term growth.