earnings
confidence high
sentiment neutral
materiality 0.80
Watsco FY2025 revenue falls 5% to $7.24B; Q4 revenue down 10%; EPS $12.25; dividend raised 10% to $13.20
WATSCO INC
2025-FY EPS reported
$12.25
revenue$7,239,290,000
- FY2025 revenue $7.24B (-5% YoY); gross margin record 28.0% (+120 bps); operating income $720M (-8%); EPS $12.25 vs $13.30
- Q4 revenue $1.58B (-10%); gross margin 27.1% (+40 bps); operating income $102M (-25%); EPS $1.68 vs $2.37
- Annual dividend increased 10% to $13.20 per share; 52nd consecutive year of dividends
- Operating cash flow $570M for year, record $400M in Q4; inventory reduced 30% from peak to $1.4B
- Balance sheet: $780M cash, no debt; e-commerce $2.5B (35% of sales); 73,000 digital users