secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-032868
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312524032868/0001193125-24-032868-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312524032868/d787794d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-032868

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