secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001193125-23-040713
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312523040713/0001193125-23-040713-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312523040713/d381999d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-040713

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