earnings
confidence high
sentiment positive
materiality 0.85
Watsco Q3 EPS $3.62 beats prior year by 31%; record sales $1.78B, up 16%
WATSCO INC
2021-Q3 EPS reported
$8.75
revenue$4,768,327,000
- EPS $3.62 (up 31% YoY) on record sales $1.78B; nine-month EPS $8.75 (up 50%).
- Operating margin expanded 140 bps to record 11.6%; gross margin 27.1% (+280 bps).
- Q3 operating cash flow record $238M, up 113% YoY.
- Completed three acquisitions totaling $114M; opened 20 new stores in 2021.
- Added 450 employees; annual dividend raised 10% to $7.80/share (effective April 2021).