earnings
confidence high
sentiment positive
materiality 0.80
Watsco reports record Q4 sales $1.75B, EPS $2.37; raises dividend 11% to $12.00
WATSCO INC
2024-FY EPS reported
$13.30
revenue$7,618,317,000
- Q4 revenue rose 9% to a record $1.75B; gross margin expanded 90bp to 26.7%.
- Q4 operating income up 26% to $136M; EPS of $2.37 vs $2.06 last year (+15%).
- Record Q4 operating cash flow of $379M; full-year operating cash flow $773M (+38%).
- Annual dividend increased 11% to $12.00 per share, effective April 2025; 51st consecutive year.
- Full-year sales $7.62B (+5%); EPS $13.30 vs $13.67; digital sales rose 8% to $2.6B.