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Watsco (WSO)
NYSE:WSO
Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.27Last Year’s EPS
2.17Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: 5.78%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Positive
The earnings call was generally positive, with record sales and earnings, strong growth in key segments, and a strategic focus on technology and acquisitions. However, there were some challenges in non-equipment sales and the ongoing transition to A2L products.Company Guidance
During the Watsco Fourth Quarter 2024 and Year End Earnings Call, substantial growth metrics were highlighted, including a 14% increase in equipment sales and a 16% rise in residential products. The company celebrated record sales, expanded margins, improved operating efficiency, and generated record earnings and cash flow. In addition, they announced an 11% dividend increase to $12 per share. E-commerce sales grew by 16%, representing 35% of annual sales, or $2.6 billion, while their digital sales platform, OnCall Air, generated a 25% increase in gross merchandise value. Watsco's transition to A2L products, projected to influence 50% to 60% of sales, is underway, with plans to transition $1 billion in inventories. The company also completed its 70th acquisition since 1989, emphasizing its long-term growth strategy and strong financial position as key differentiators in the market.Record Sales and Earnings
Watsco achieved record sales, expanded margins, and generated record earnings and cash flow in the fourth quarter of 2024.
Strong Equipment and Residential Products Growth
Equipment sales grew by 14% and residential products saw a 16% increase, driven by improving market conditions.
Dividend Increase
An 11% increase in the dividend was announced, raising it to $12 per share.
Technology and E-commerce Expansion
The community of active users of Watsco mobile apps expanded to over 64,000 users, and e-commerce sales increased by 16%, representing 35% of annual sales ($2.6 billion).
Successful Mergers and Acquisitions
Watsco completed its 70th acquisition since 1989, enhancing its growth and market share.
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WSO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WSO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $483.69 | $530.75 | +9.73% |
| Oct 23, 2024 | $482.10 | $463.86 | -3.78% |
| Jul 30, 2024 | $498.16 | $475.87 | -4.47% |
| Apr 24, 2024 | $406.84 | $433.43 | +6.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Watsco (WSO) report earnings?
Watsco (WSO) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Watsco (WSO) earnings time?
Watsco (WSO) earnings time is at Apr 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSO EPS forecast?
WSO EPS forecast for the fiscal quarter 2025 (Q1) is 2.27.
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