secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001193125-23-258924
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco posts record Q3 sales $2.13B, EPS $4.35; operating margin record 12.1%
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- Q3 revenue $2.13B (+4% YoY); operating income $257M (+9%); EPS $4.35 (+8%); all-time records.
- Nine-month sales $5.68B (flat YoY); EPS $11.60 vs $11.86; operating margin 12.1%.
- Acquired Gateway Supply Company ($180M annual sales, 15 locations in SC/NC) to expand plumbing/HVAC network.
- SG&A as % of sales down 80 bps to improve operating efficiency; technology users up 19% to 54,000.
- Dividend increased to $9.80 annualized since Jan 2021; balance sheet: $175M cash, $106M debt, $2.7B equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312523258924/0001193125-23-258924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312523258924/d555934d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-258924

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