secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001193125-24-188253
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco Q2 record revenue $2.1B, EPS $4.49; cash flow improves $100M; dividend raised 10%
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- Record Q2 revenue $2.1B (+7% YoY); EPS $4.49 vs $4.42; operating margin 12.6%.
- Operating cash flow improved by $100M to $58M (from -$42M use in 2023).
- E-commerce sales grew 13%, accounting for 36% of total sales; 60K authenticated mobile users.
- Dividend rate increased 10% to $10.80 per share, marking 50 consecutive years of payments.
- Balance sheet: $425M cash and short-term investments; no borrowings on $600M credit facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312524188253/0001193125-24-188253-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312524188253/d875220d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-188253

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