{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-107391","form_type":"8-K","ticker":"WSO","cik":"0000105016","company_name":"WATSCO INC","filed_at":"2023-04-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.769963+00:00","generated_at":"2026-06-16T22:07:35.441820+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Watsco Q1 2023: record sales $1.55B, EPS $2.83 vs $2.90 prior year","bullets":["Revenue $1.55B (+2% YoY); gross margin 28.9% vs 29.6% last year.","Operating income $165M (-4%); EPS $2.83 vs $2.90; operating cash flow improved $54M to -$47M.","HVAC equipment sales +2% (68% of sales); commercial refrigeration +12%; heat pumps +7%.","Annual dividend raised 11% to $9.80/share effective January 2023.","E-commerce 33% of sales; OnCallAir GMV $220M (+33%); authenticated tech users up 19%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-107391","json":"https://secwatch.observer/filing/0001193125-23-107391.json","markdown":"https://secwatch.observer/filing/0001193125-23-107391.md","text":"https://secwatch.observer/filing/0001193125-23-107391.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/105016/000119312523107391/0001193125-23-107391-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/105016/000119312523107391/d458933d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T22:07:35.441820+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":"ac756018b9377a98e69af2396e4ff402160fcaef","claim":"WATSCO INC reported the quarter ended March 31, 2023 results: revenue $1.55 billion, EPS $2.83.","evidence_excerpt":"First Quarter Results • 2% increase in sales to a record $1.55 billion • Gross profit of $448 million (28.9% gross margin) versus $450 million (29.6% gross margin) last year • 1% increase in SG&A expenses (10 basis-point improvement in SG&A as a percentage of sales) • 4% decrease in operating income to $165 million (operating margin of 10.6% versus 11.2% last year) • EPS of $2.83 versus $2.90 in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/105016/000119312523107391/0001193125-23-107391-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$1.55 billion"},{"label":"EPS","value":"$2.83"},{"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"}