---
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"
generated_at: "2026-06-19T08:36:43.704336+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Watsco Q4 EPS record $3.55 (incl. $1.20 tax benefit); adj. EPS $2.35, sales $1.58B +5%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-040713
- JSON: https://secwatch.observer/filing/0001193125-23-040713.json
- Plain text: https://secwatch.observer/filing/0001193125-23-040713.txt

## Key facts
- Earnings Releases
  WATSCO INC reported the quarter ended December 31, 2022 results: revenue $1.58 billion, net income $138 million, EPS $3.55.
  - Period: the quarter ended December 31, 2022
  - Revenue: $1.58 billion
  - Net income: $138 million
  - EPS: $3.55
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/105016/000119312523040713/0001193125-23-040713-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.