---
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"
generated_at: "2026-06-06T03:02:56.673337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Watsco reports record 2023 sales of $7.28B; raises dividend 10% to $10.80/share

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-032868
- JSON: https://secwatch.observer/filing/0001193125-24-032868.json
- Plain text: https://secwatch.observer/filing/0001193125-24-032868.txt

## Key facts
- Earnings Releases
  WATSCO INC reported the quarter and year ended December 31, 2023 results: revenue $1.60 billion, EPS $2.06.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $1.60 billion
  - EPS: $2.06
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/105016/000119312524032868/0001193125-24-032868-index.htm

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