{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-108455","form_type":"8-K","ticker":"WSO","cik":"0000105016","company_name":"WATSCO INC","filed_at":"2024-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.042426+00:00","generated_at":"2026-06-03T09:16:28.742643+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Watsco reports record Q1 sales of $1.56B, record cash flow, and 10% dividend increase","bullets":["Revenues increased 1% to a record $1.56 billion, with HVAC equipment down 1% and commercial refrigeration up 2%.","Record first-quarter operating cash flow of $104 million; cash and investments totaled $479 million with no debt.","Board approved a 10% increase in annual dividend to $10.80 per share, effective April 2024.","Earnings per share were $2.17 versus $2.83 in the prior-year quarter; equity raised $282 million via ATM offering.","Authenticated e-commerce users grew 6% to over 57,000; OnCallAir GMV rose 22% to $269 million."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-108455","json":"https://secwatch.observer/filing/0001193125-24-108455.json","markdown":"https://secwatch.observer/filing/0001193125-24-108455.md","text":"https://secwatch.observer/filing/0001193125-24-108455.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/105016/000119312524108455/0001193125-24-108455-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/105016/000119312524108455/d800527d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T09:16:28.742643+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":"7e08fd3585b10ebca75f10da05dfcabbb32b9520","claim":"WATSCO INC reported the quarter ended March 31, 2024 results: revenue $1.56 billion, EPS $2.17.","evidence_excerpt":"record cash flow during a period that typically requires working capital investment ahead of the selling season.” First Quarter Results • Revenues increased 1% to a record $1.56 billion (a 2% decline on a same-store basis) • Gross profit of $431 million (27.5% gross margin) • SG&A expenses increased 8%, including 18 new locations (a 4% increase on a same-store","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/105016/000119312524108455/0001193125-24-108455-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.56 billion"},{"label":"EPS","value":"$2.17"},{"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"}