Watsco reports record Q3 sales $2.04B, EPS $4.03; raises dividend 11% to $9.80

WATSCO INC

2022-Q3 EPS reported $11.86 revenue$5,693,121,000

Q3 revenue record $2.04B (+14%), EPS $4.03 (+11%), net income $186M (+13%).
Nine-month sales $5.69B (+19%), EPS $11.86 (+36%), operating cash flow $359M (+12%).
Annual dividend raised 11% to $9.80 per share, effective Jan 2023; 48 consecutive years of dividends.
HVAC equipment sales +13% in Q3; residential heat pump sales +32% in Q3.
E-commerce sales $2.3B LTM (+22%); OnCall Air GMV $269M (+47%).

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