Watsco posts record Q3 sales of $2.16B; EPS $4.22 flat YoY, operating cash flow up 50%

WATSCO INC

2024-Q3 EPS reported $10.92 revenue$5,864,355,000

Q3 sales record $2.16B (+2% YoY), operating income $250M (-2%), EPS $4.22 (-3%).
Nine-month sales $5.9B (+3%), EPS $10.92 vs $11.60, operating cash flow record $394M (+50%).
Residential HVAC unit sales stabilized; October trends show mid-single digit sales growth.
Annual dividend raised 10% to $10.80 per share effective April 2024.
Regulatory shift to A2L systems expected to impact ~60% of sales in 2025.

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