Appointed
Barry S. Logan
Director
WSO ·
WATSCO INC
On February 19, 2024, the Board appointed Barry S. Logan as a director to fill Mr. Rubin’s vacancy on the Board.
Ready 8-Ks
40
Latest filing
July 29, 2026, 7:30 AM ET
Top materiality
0.90
Event mix
earnings ×21 · other ×8 · other_material ×4
Sentiment
15 pos · 1 neg · 24 neu
Latest earnings
reported 2026-Q1
Executive change
recent →
Recent 8-K filings for WSO
Highest-materiality recent filing
Watsco Reports Q2 2025 Results: Record Gross Margins and Operating Margin Expansion Despite Revenue Decline
- Revenue decreased 4% to $2.06 billion, but gross profit rose 4% to a record $603 million with 220 bps margin expansion to 29.3%.
- EPS was $4.52 vs $4.49 prior year; operating income up 1% to $272 million; operating margin expanded 60 bps to 13.2%.
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Watsco Q2 EPS down 12% to $4.00; revenue up 2% to $2.1B; acquires Jackson Supply
Q2 revenue $2.1B (+2% YoY); EPS $4.00 (-12%); operating income $238M (-12%); gross margin 27.5% vs 29.3%.
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Watsco closes Jackson Supply acquisition, issues 517,884 shares for $198M
Closing on June 1, 2026; Watsco issued 517,884 shares of common stock (WSO) as consideration.
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Watsco files legal opinion and consent for routine exhibit; no material news
Filing consists solely of Exhibit 5.1 (Greenberg Traurig legal opinion) and Exhibit 23.1 (consent).
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Ana Lopez-Blazquez elected Common stock director for term ending 2029 with 24.5M votes for (6.1M against).
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Watsco to acquire Jackson Supply's HVAC distribution business for $198M in stock
Watsco to issue ~458,985 shares (~$198M) to acquire Jackson Supply's HVAC distribution business.
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Watsco Q1 revenue flat at $1.53B, EPS down 3% to $1.87; acquires Jackson Supply ($230M sales)
Revenue flat at $1.53B; EPS down 3% to $1.87; operating income down 2% to $110M.
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FY2025 revenue $7.24B (-5% YoY); gross margin record 28.0% (+120 bps); operating income $720M (-8%); EPS $12.25 vs $13.30
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Watsco files Q3 2025 earnings 8-K; financial details not in filing text
Press release with Q3 2025 results is not included in this filing text.
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Revenue decreased 4% to $2.06 billion, but gross profit rose 4% to a record $603 million with 220 bps margin expansion to 29.3%.
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Gary L. Tapella re-elected as Common director with 28,752,763 votes for (96.6%); 1,012,595 against.
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Watsco Q1 revenue down 2% to $1.53B, EPS $1.93 vs $2.17; core U.S. replacement sales up 10%
Gross profit flat at $430M; margin improved 60 bps to 28.1%; operating income $112M (7.3% margin).
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Watsco reports record Q4 sales $1.75B, EPS $2.37; raises dividend 11% to $12.00
Q4 revenue rose 9% to a record $1.75B; gross margin expanded 90bp to 26.7%.
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Watsco CEO Albert Nahmad's 2024 performance stock award cap doubled to $20M
Base salary unchanged at $600k for 2024; personal airplane use up to 90 hours.
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Watsco posts record Q3 sales of $2.16B; EPS $4.22 flat YoY, operating cash flow up 50%
Q3 sales record $2.16B (+2% YoY), operating income $250M (-2%), EPS $4.22 (-3%).
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Watsco Q2 record revenue $2.1B, EPS $4.49; cash flow improves $100M; dividend raised 10%
Record Q2 revenue $2.1B (+7% YoY); EPS $4.49 vs $4.42; operating margin 12.6%.
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Watsco reports 2024 Annual Meeting results; all proposals approved by shareholders
Common shareholders re-elected Barry S. Logan as director with 21.85M votes for, 7.94M against.
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Watsco reports record Q1 sales of $1.56B, record cash flow, and 10% dividend increase
Revenues increased 1% to a record $1.56 billion, with HVAC equipment down 1% and commercial refrigeration up 2%.
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Watsco files prospectus supplement for Dividend Reinvestment Plan
Filed prospectus supplement on March 29, 2024, for the Dividend Reinvestment Plan.
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Board member Steven Rubin resigns; EVP Barry Logan appointed to Watsco board
Steven Rubin resigns from Board effective March 10, 2024; no disagreement with Company.
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Watsco reports record 2023 sales of $7.28B; raises dividend 10% to $10.80/share
Full-year 2023 revenue $7.28B (flat YoY); EPS $13.67 vs $15.41 ($14.20 adjusted) in 2022.
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Watsco board adopts annual say-on-pay votes after shareholder preference
Shareholders at June 5, 2023 annual meeting voted in favor of annual advisory votes on executive compensation.
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Watsco posts record Q3 sales $2.13B, EPS $4.35; operating margin record 12.1%
Q3 revenue $2.13B (+4% YoY); operating income $257M (+9%); EPS $4.35 (+8%); all-time records.
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Watsco completes $103M acquisition of Gateway Supply plumbing/HVAC business
Purchase price of $103M paid with $4M cash and 280,215 shares of common stock.
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Watsco Q2 revenue down 6% to $2.0B; EPS $4.42, down 10% YoY; cites OEM supply delays
Net sales $2.0B, down 6% YoY; HVAC equipment sales down 8% (69% of sales); commercial refrigeration up 1%.
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Watsco shareholders elect directors, approve say-on-pay and ratify Deloitte at annual meeting
Ana Lopez-Blazquez elected Common stock director with 28,856,275 votes for; term to 2026.
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Watsco engages Deloitte as new independent auditor for FY2023, no disagreements reported
Engaged Deloitte & Touche LLP as independent auditor for FY ending Dec 31, 2023, effective May 5, 2023, covering interim period ending June 30, 2023.
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Watsco dismisses KPMG, appoints Deloitte as new auditor for FY 2023
KPMG dismissed effective upon filing Q1 2023 10-Q; no disagreements or reportable events in prior 2 years.
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Watsco Q1 2023: record sales $1.55B, EPS $2.83 vs $2.90 prior year
Revenue $1.55B (+2% YoY); gross margin 28.9% vs 29.6% last year.
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Watsco enters new $600M credit facility, replacing $560M prior facility
New $600M unsecured five-year multicurrency revolving credit facility; $500M seasonal reduction optional from Oct–Mar.
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Watsco Q4 EPS record $3.55 (incl. $1.20 tax benefit); adj. EPS $2.35, sales $1.58B +5%
Q4 revenue record $1.58B (+5% YoY); gross margin record 27.4% (+10 bps).
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Watsco reports record Q3 sales $2.04B, EPS $4.03; raises dividend 11% to $9.80
Q3 revenue record $2.04B (+14%), EPS $4.03 (+11%), net income $186M (+13%).
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Watsco Q2 EPS jumps 33% to record $4.93; sales hit $2.13B
Record Q2: EPS $4.93 (+33% YoY), sales $2.13B (+15%), operating margin 13.5% (+180 bps).
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Shareholders elected Bob L. Moss (term 2023), John A. Macdonald (term 2024), and Steven Rubin (term 2025) as Common directors.
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Watsco Q1 EPS jumps 109% to $2.90; record sales $1.52B and dividend raised 13%
EPS $2.90 (up 109%), revenue $1.52B (+34%), both records; operating income $171M (11.2% margin, +400 bps).
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Director Brian E. Keeley resigns from Watsco Board, joins Advisory Board
Brian E. Keeley notified resignation from Watsco Board effective April 15, 2022.
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Watsco reports record Q4 EPS $2.02, full-year EPS $10.78; raises dividend 13% to $8.80
Q4 EPS $2.02 (up 77% YoY), record sales $1.5B (up 31%), net income $79M.
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Watsco Q3 EPS $3.62 beats prior year by 31%; record sales $1.78B, up 16%
EPS $3.62 (up 31% YoY) on record sales $1.78B; nine-month EPS $8.75 (up 50%).
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Watsco appoints John Macdonald to Board, replaces George Sape who resigned
George P. Sape resigned from the Board on October 6, 2021; joined Advisory Board on October 11, 2021.
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Watsco enters ATM equity sales agreement for up to $300M common stock
Agreement with Robert W. Baird & Co. for at-the-market issuance of up to $300M of common stock.
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Watsco Q2 EPS jumps 64% to $3.71; record sales $1.85B, margin 11.7%
Record EPS of $3.71, a 64% increase YoY; record net income.
Executive changes
Departed
Steven (Slava) Rubin
Director
WSO ·
WATSCO INC
On February 15, 2024, Steven (Slava) Rubin delivered notice of his resignation from the Board of Directors (the “ Board ”) of Watsco, Inc., a Florida corporation (the “ Company ”), effective March 10, 2024.
Departed
Brian E. Keeley
Director
WSO ·
WATSCO INC
On March 14, 2022, Brian E. Keeley delivered notice of his resignation from the Board of Directors (the “ Board ”) of Watsco, Inc., a Florida corporation (the “ Company ”) effective April 15, 2022.
Appointed
Brian E. Keeley
Advisory Board Member
WSO ·
WATSCO INC
Mr. Keeley will join the Company’s Advisory Board effective April 15, 2022.
Departed
George P. Sape
Director
WSO ·
WATSCO INC
Mr. Macdonald replaces George P. Sape, who resigned from the Board on October 6, 2021.
Appointed
John Macdonald
Director
WSO ·
WATSCO INC
On October 11, 2021, the Board of Directors (the “ Board ”) of Watsco, Inc., a Florida corporation (the “ Company ”) appointed John Macdonald, 64, as a Common stock director and nominated Mr. Macdonald to stand for election at the Company’s 2022 annual shareholder meeting for a term to expire at the Company’s 2024 annual meeting of shareholders.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.65 · Most common event earnings