secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0001193125-22-033582
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco reports record Q4 EPS $2.02, full-year EPS $10.78; raises dividend 13% to $8.80
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312522033582/0001193125-22-033582-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312522033582/d286891d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-033582

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