{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-040713","form_type":"8-K","ticker":"WSO","cik":"0000105016","company_name":"WATSCO INC","filed_at":"2023-02-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.667460+00:00","generated_at":"2026-06-19T08:36:43.704336+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Watsco Q4 EPS record $3.55 (incl. $1.20 tax benefit); adj. EPS $2.35, sales $1.58B +5%","bullets":["Q4 revenue record $1.58B (+5% YoY); gross margin record 27.4% (+10 bps).","Q4 GAAP EPS $3.55 (+76% YoY); adjusted EPS $2.35 (+16% YoY) excluding $1.20/share tax benefit.","Full-year 2022 sales +16%, record operating income, net income, EPS, and operating cash flow.","Tax benefit of $49M from vesting of 975,622 restricted shares to Chairman & CEO (infrequent event).","CEO cites strong balance sheet, 673 locations, seeking acquisitions."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-040713","json":"https://secwatch.observer/filing/0001193125-23-040713.json","markdown":"https://secwatch.observer/filing/0001193125-23-040713.md","text":"https://secwatch.observer/filing/0001193125-23-040713.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/105016/000119312523040713/0001193125-23-040713-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/105016/000119312523040713/d381999d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T08:36:43.704336+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19e2833467a82ecf393c39eee812908b510e1580","claim":"WATSCO INC reported the quarter ended December 31, 2022 results: revenue $1.58 billion, net income $138 million, EPS $3.55.","evidence_excerpt":"Fourth Quarter Results • 76% increase in EPS to a record $3.55 (includes tax benefit of $1.20 per share from restricted stock vesting) • 16% increase in EPS to $2.35 on an adjusted, non-GAAP basis (excludes tax benefit) • 5% increase in sales to a record $1.58 billion • 5% increase in gross profit to a record $434 million (10 basis-point increase in gross margin to a record 27.4%) • 3% increase in SG&A expenses • 11% increase in operating income to a record $137 million (14% increase to $141 million on an adjusted basis) • 60 basis-point increase in operating margins to a record 8.7% (80 basis-point increase to 8.9% on an adjusted basis) • 75% increase in net income attributable to Watsco to $138 million (17% increase excluding tax benefit) • Record operating cash flow of $213 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/105016/000119312523040713/0001193125-23-040713-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2022"},{"label":"Revenue","value":"$1.58 billion"},{"label":"Net income","value":"$138 million"},{"label":"EPS","value":"$3.55"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}