earnings
confidence high
sentiment positive
materiality 0.75
Watsco reports record Q4 EPS $2.02, full-year EPS $10.78; raises dividend 13% to $8.80
WATSCO INC
2021-FY EPS reported
$10.78
revenue$6,280,192,000
- Q4 EPS $2.02 (up 77% YoY), record sales $1.5B (up 31%), net income $79M.
- Full-year EPS $10.78 (up 54%), sales $6.3B, net income $419M, operating margin 10.0% (record).
- Annual dividend raised 13% to $8.80 per share; next payment April 29, 2022. 48 consecutive years of dividends.
- Same-store sales growth Q4 21%, full-year 18%; gross margin expanded 240 bps to 26.6% for the year.