secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001193125-24-108455
Event type: earnings
Sentiment:  positive
Materiality: 0.90
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco reports record Q1 sales of $1.56B, record cash flow, and 10% dividend increase
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312524108455/0001193125-24-108455-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312524108455/d800527d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-108455

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