secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0001193125-21-302553
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco Q3 EPS $3.62 beats prior year by 31%; record sales $1.78B, up 16%
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312521302553/0001193125-21-302553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312521302553/d190629d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-302553

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer