---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-199929"
form_type: "8-K"
ticker: "WSO"
cik: "0000105016"
company_name: "WATSCO INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T16:42:54.511393+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Watsco Q2 revenue down 6% to $2.0B; EPS $4.42, down 10% YoY; cites OEM supply delays

## Summary
- Net sales $2.0B, down 6% YoY; HVAC equipment sales down 8% (69% of sales); commercial refrigeration up 1%.
- GAAP EPS $4.42, down 10% YoY; operating income $266M, down 7%; operating margin 13.3% vs 13.5%.
- OEM supply disruptions from regulatory transition reduced sales by estimated $75-80M in Q2; company calls it second-best quarter.
- Technology investments $55M over trailing 12 months; e-commerce sales now 34% of total; active mobile app users up 19% to 53,000.
- Annual dividend rate increased 11% to $9.80 per share effective Jan 2023; future increases considered.

## SEC filing metadata
- accession: 0001193125-23-199929
- form_type: 8-K
- ticker: WSO
- cik: 0000105016
- company_name: WATSCO INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105016/000119312523199929/0001193125-23-199929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105016/000119312523199929/d522464d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-199929
- JSON: https://secwatch.observer/filing/0001193125-23-199929.json
- Plain text: https://secwatch.observer/filing/0001193125-23-199929.txt

## Key facts
- Earnings Releases
  WATSCO INC reported financial results for quarter and six months ended June 30, 2023.
  - Period: quarter and six months ended June 30, 2023
  - Result: reported results
  source text: On August 1, 2023, Watsco, Inc., a Florida corporation (the “Company”), issued a press release reporting its financial results for the quarter and six months ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/105016/000119312523199929/0001193125-23-199929-index.htm

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