{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-032868","form_type":"8-K","ticker":"WSO","cik":"0000105016","company_name":"WATSCO INC","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.227711+00:00","generated_at":"2026-06-06T03:02:56.673337+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Watsco reports record 2023 sales of $7.28B; raises dividend 10% to $10.80/share","bullets":["Full-year 2023 revenue $7.28B (flat YoY); EPS $13.67 vs $15.41 ($14.20 adjusted) in 2022.","Q4 sales record $1.60B (+1% YoY); EPS $2.06 vs $3.55 ($2.35 adjusted) in Q4 2022.","Q4 operating cash flow record $299M (+40% YoY); full-year $562M.","Annual dividend increased 10% to $10.80/share, effective April 2024; 50th consecutive year.","Unitary HVAC unit volume declined 8% in 2023 vs industry decline of approximately 15%."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-032868","json":"https://secwatch.observer/filing/0001193125-24-032868.json","markdown":"https://secwatch.observer/filing/0001193125-24-032868.md","text":"https://secwatch.observer/filing/0001193125-24-032868.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/105016/000119312524032868/0001193125-24-032868-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/105016/000119312524032868/d787794d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:02:56.673337+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":"b6f7bd501ba801023ad82c746d197ba37a709acb","claim":"WATSCO INC reported the quarter and year ended December 31, 2023 results: revenue $1.60 billion, EPS $2.06.","evidence_excerpt":"fortified the quality of our balance sheet and once again provided our shareholders a meaningful dividend increase.” Fourth Quarter Results • 1% sales growth to a record $1.60 billion • Gross profit of $414 million (gross margin of 25.8%) • SG&A expenses increased 4% (SG&A was flat on a same-store basis) • Operating income of $108 million versus $137 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/105016/000119312524032868/0001193125-24-032868-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2023"},{"label":"Revenue","value":"$1.60 billion"},{"label":"EPS","value":"$2.06"},{"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"}