secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001193125-22-112095
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco Q1 EPS jumps 109% to $2.90; record sales $1.52B and dividend raised 13%
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- EPS $2.90 (up 109%), revenue $1.52B (+34%), both records; operating income $171M (11.2% margin, +400 bps).
- Same-store sales +25%, HVAC equipment +26%; gross margin +370 bps to record $450M.
- Annual dividend raised 13% to $8.80, payable April 29, 2022.
- Technology spending increased $10M to $46M; e-commerce sales surpassed $2B trailing twelve months.
- Unit sales up 8%, average selling prices up 18% reflecting inflation pass-through.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312522112095/0001193125-22-112095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312522112095/d326472d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-112095

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