secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001193125-23-107391
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco Q1 2023: record sales $1.55B, EPS $2.83 vs $2.90 prior year
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312523107391/0001193125-23-107391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312523107391/d458933d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-107391

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