Reported Earnings • 13h
Second quarter 2026 earnings released: EPS: US$4.28 (vs US$4.53 in 2Q 2025) Second quarter 2026 results: EPS: US$4.28 (down from US$4.53 in 2Q 2025). Revenue: US$2.10b (up 2.1% from 2Q 2025). Net income: US$163.3m (down 4.7% from 2Q 2025). Profit margin: 7.8% (down from 8.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Aankondiging • Jul 17
Watsco, Inc. to Report Q2, 2026 Results on Jul 29, 2026 Watsco, Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 29, 2026 Buy Or Sell Opportunity • Jul 07
Now 21% undervalued Over the last 90 days, the stock has risen 1.4% to €340. The fair value is estimated to be €430, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 7.0%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Declared Dividend • Jul 06
First quarter dividend of US$3.30 announced Shareholders will receive a dividend of US$3.30. Ex-date: 16th July 2026 Payment date: 31st July 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (77% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.2% to bring the payout ratio under control. EPS is expected to grow by 27% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Jul 01
Watsco Declares Quarterly Dividend on Each Outstanding Share of Its Common and Class B Common Stock, Payable on July 31, 2026 Watsco, Inc. declared a regular quarterly cash dividend of $3.30 on each outstanding share of its Common and Class B common stock payable on July 31, 2026 to shareholders of record at the close of business on July 16, 2026. Aankondiging • Apr 29
Watsco, Inc. (NYSE:WSO) entered into an agreement to acquire Jackson Supply Company. Watsco, Inc. (NYSE:WSO) entered into an agreement to acquire Jackson Supply Company on April 28, 2026. Following closing, Jackson Supply will continue to be led by its existing management team, in keeping with Watsco's long-standing approach of investing in great leaders and successful cultures. For the period ending December 31, 2025, Jackson Supply Company reported total revenue of $230 million.
The transaction is expected to close in the second quarter of 2026, pending completion of customary closing conditions. Aankondiging • Apr 27
Watsco, Inc., Annual General Meeting, Jun 01, 2026 Watsco, Inc., Annual General Meeting, Jun 01, 2026. Location: corporate office, 2665 s. bayshore drive, suite 901, florida 33133, miami United States Aankondiging • Apr 10
Watsco, Inc. to Report Q1, 2026 Results on Apr 28, 2026 Watsco, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 28, 2026 Aankondiging • Apr 01
Watsco, Inc. Declares Regular Quarterly Cash Dividend, Payable on April 30, 2026 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $3.30 on each outstanding share of its Common and Class B common stock payable on April 30, 2026 to shareholders of record at the close of business on April 16, 2026. This marks a 10% increase to an annual rate of $13.20 per share. Aankondiging • Feb 18
Watsco, Inc. Approves Increase in Annual Dividend on its Common and Class B Common Stock Watsco, Inc. announced that its Board of Directors approved a 10% increase in its annual dividend to $13.20 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next quarterly dividend payment in April 2026. Aankondiging • Jan 31
Watsco, Inc. to Report Q4, 2025 Results on Feb 17, 2026 Watsco, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 17, 2026 Aankondiging • Jan 02
Watsco, Inc. Declares Regular Quarterly Cash Dividend on Common and Class B Common Stock, Payable on January 30, 2026 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on January 30, 2026 to shareholders of record at the close of business on January 16, 2026. Aankondiging • Oct 13
Watsco, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Watsco, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Aankondiging • Oct 01
Watsco, Inc. Declares Quarterly Cash Dividend on Common and Class B Common Stock, Payable on October 31, 2025 Watsco, Inc.'s Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on October 31, 2025 to shareholders of record at the close of business on October 16, 2025. Aankondiging • Jul 18
Watsco, Inc. to Report Q2, 2025 Results on Jul 30, 2025 Watsco, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Aankondiging • Jul 02
Watsco, Inc. Declares Quarterly Cash Dividend on Common and Class B Common Stock, Payable on July 31, 2025 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on July 31, 2025 to shareholders of record at the close of business on July 16, 2025. Aankondiging • May 06
Watsco, Inc. (NYSE:WSO) acquired Southern Ice Equipment Distributors, Inc. Watsco, Inc. (NYSE:WSO) acquired Southern Ice Equipment Distributors, Inc. on May 5, 2025.
Watsco, Inc. (NYSE:WSO) completed the acquisition of Southern Ice Equipment Distributors, Inc. on May 5, 2025. Aankondiging • Apr 28
Watsco, Inc., Annual General Meeting, Jun 02, 2025 Watsco, Inc., Annual General Meeting, Jun 02, 2025. Location: 2665 s. bayshore drive, suite 901, miami, florida 33133, United States Aankondiging • Apr 01
Watsco Declares Quarterly Cash Dividend on Common and Class B Common Stock, Payable on April 30, 2025 Watsco, Inc.’s announced that Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on April 30, 2025 to shareholders of record at the close of business on April 15, 2025. This marks an 11% increase to an annual rate of $12.00 per share. Aankondiging • Feb 18
Watsco, Inc. Approves Increase in Annual Dividend Watsco, Inc.’s Board of Directors board declared 11% increase in its annual dividend to $12.00 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next quarterly dividend payment in April 2025. Aankondiging • Jan 30
Watsco, Inc. to Report Q4, 2024 Results on Feb 18, 2025 Watsco, Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Feb 18, 2025 Aankondiging • Jan 02
Watsco, Inc. Declares Quarterly Dividend on Common and Class B Common Stock, Payable on January 31, 2025 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on January 31, 2025 to shareholders of record at the close of business on January 17, 2025. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$4.22 (vs US$4.36 in 3Q 2023) Third quarter 2024 results: EPS: US$4.22. Revenue: US$2.16b (up 1.6% from 3Q 2023). Net income: US$171.0m (up 7.5% from 3Q 2023). Profit margin: 7.9% (up from 7.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Aankondiging • Oct 15
Watsco, Inc. to Report Q3, 2024 Results on Oct 23, 2024 Watsco, Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 23, 2024 Declared Dividend • Oct 03
Second quarter dividend of US$2.70 announced Shareholders will receive a dividend of US$2.70. Ex-date: 16th October 2024 Payment date: 31st October 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 01
Watsco, Inc. Declares Quarterly Cash Dividend on Common and Class B Common Stock, Payable on October 31, 2024 Watsco, Inc. Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on October 31, 2024 to shareholders of record at the close of business on October 16, 2024. Buy Or Sell Opportunity • Sep 11
Now 21% overvalued Over the last 90 days, the stock has fallen 8.1% to €415. The fair value is estimated to be €343, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Aug 06
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at €432. The fair value is estimated to be €354, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$4.82 (vs US$4.43 in 2Q 2023) Second quarter 2024 results: EPS: US$4.82 (up from US$4.43 in 2Q 2023). Revenue: US$2.14b (up 6.8% from 2Q 2023). Net income: US$181.4m (up 13% from 2Q 2023). Profit margin: 8.5% (up from 8.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 22
Watsco, Inc. to Report Q2, 2024 Results on Jul 30, 2024 Watsco, Inc. announced that they will report Q2, 2024 results Pre-Market on Jul 30, 2024 Declared Dividend • Jul 08
First quarter dividend of US$2.70 announced Shareholders will receive a dividend of US$2.70. Ex-date: 16th July 2024 Payment date: 31st July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (75% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 01
Watsco, Inc. Declares Quarterly Dividend, Payable on July 31, 2024 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on July 31, 2024 to shareholders of record at the close of business on July 16, 2024. New Risk • May 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Aankondiging • Apr 28
Watsco, Inc., Annual General Meeting, Jun 03, 2024 Watsco, Inc., Annual General Meeting, Jun 03, 2024, at 10:00 US Eastern Standard Time. Location: 2665 S. Bayshore Drive, Suite 901 Miami Florida United States Agenda: To elect one director and for holders of Class B common stock to elect two directors; to consider and vote on the advisory resolution regarding the compensation of named executive officers; to ratify the appointment of Deloitte & Touche LLP as independent registered public accounting firm for the 2024 fiscal year; and to consider any other business that is properly presented at the meeting or any adjournments thereof. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$2.35 (vs US$2.84 in 1Q 2023) First quarter 2024 results: EPS: US$2.35 (down from US$2.84 in 1Q 2023). Revenue: US$1.56b (flat on 1Q 2023). Net income: US$87.0m (down 15% from 1Q 2023). Profit margin: 5.6% (down from 6.6% in 1Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Aankondiging • Apr 09
Watsco, Inc. to Report Q1, 2024 Results on Apr 24, 2024 Watsco, Inc. announced that they will report Q1, 2024 results at 9:30 AM, US Eastern Standard Time on Apr 24, 2024 Declared Dividend • Apr 03
Fourth quarter dividend of US$2.70 announced Shareholders will receive a dividend of US$2.70. Ex-date: 12th April 2024 Payment date: 30th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 02
Watsco, Inc. Declares Regular Quarterly Cash Dividend on Common and Class B Common Stock, Payable on April 30, 2024 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $2.70 on each outstanding share of its Common and Class B common stock payable on April 30, 2024 to shareholders of record at the close of business on April 15, 2024. Board Change • Apr 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Executive VP of Planning & Strategy, Secretary & Director Barry Logan was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: US$13.72 (vs US$15.46 in FY 2022) Full year 2023 results: EPS: US$13.72 (down from US$15.46 in FY 2022). Revenue: US$7.28b (flat on FY 2022). Net income: US$499.4m (down 9.2% from FY 2022). Profit margin: 6.9% (down from 7.6% in FY 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$14.68 (vs US$15.46 in FY 2022) Full year 2023 results: EPS: US$14.68 (down from US$15.46 in FY 2022). Revenue: US$7.28b (flat on FY 2022). Net income: US$536.3m (down 2.4% from FY 2022). Profit margin: 7.4% (down from 7.6% in FY 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 22% per year. Aankondiging • Feb 13
Watsco, Inc. Approves Annual Dividend Watsco, Inc. announced that its Board of Directors approved a 10% increase in its annual dividend to $10.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next quarterly dividend payment in April 2024. Buy Or Sell Opportunity • Feb 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.8% to €376. The fair value is estimated to be €311, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 6.1% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. Aankondiging • Feb 07
Watsco, Inc. to Report Q4, 2023 Results on Feb 13, 2024 Watsco, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 13, 2024 Upcoming Dividend • Jan 09
Upcoming dividend of US$2.45 per share at 2.4% yield Eligible shareholders must have bought the stock before 16 January 2024. Payment date: 31 January 2024. Payout ratio is a comfortable 63% and the cash payout ratio is 84%. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (2.6%). Aankondiging • Jan 02
Watsco, Inc. Declares Quarterly Cash Dividend on Common and Class B Common Stock, Payable on January 31, 2024 The Board of Directors of Watsco, Inc. has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock, payable on January 31, 2024 to shareholders of record at the close of business on January 17, 2024. Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: US$0.004 (vs US$4.04 in 3Q 2022) Third quarter 2023 results: EPS: US$0.004. Revenue: US$2.13b (up 4.5% from 3Q 2022). Net income: US$159.1m (up 11% from 3Q 2022). Profit margin: 7.5% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Aankondiging • Oct 07
Watsco, Inc. to Report Q3, 2023 Results on Oct 19, 2023 Watsco, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 19, 2023 Aankondiging • Oct 05
Watsco, Inc. Declares Regular Quarterly Cash Dividend of Its Common and Class B Common Stock, Payable on October 31, 2023 Watsco, Inc.’s Board of Directors has declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on October 31, 2023 to shareholders of record at the close of business on October 17, 2023. Aankondiging • Sep 06
Watsco, Inc. (NYSE:WSO) acquired Plumbing and HVAC distribution business of Gateway Supply Company, Inc. for approximately $110 million. Watsco, Inc. (NYSE:WSO) entered into purchase agreement to acquire Plumbing and HVAC distribution business of Gateway Supply Company, Inc. for approximately $110 million on July 28, 2023. The consideration includes $4 million of the purchase price payable to Seller was paid in cash, and the balance was paid by delivery of an aggregate of 280,215 shares of the Company’s Common stock, par value $0.50 per share.
Watsco, Inc. (NYSE:WSO) completed the acquisition of Plumbing and HVAC distribution business of Gateway Supply Company, Inc. on September 1, 2023. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: US$4.74 (vs US$4.94 in 2Q 2022) Second quarter 2023 results: EPS: US$4.74 (down from US$4.94 in 2Q 2022). Revenue: US$2.00b (down 6.1% from 2Q 2022). Net income: US$172.8m (down 1.3% from 2Q 2022). Profit margin: 8.6% (up from 8.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 12
Watsco, Inc. to Report Q2, 2023 Results on Aug 01, 2023 Watsco, Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 01, 2023 Upcoming Dividend • Jul 07
Upcoming dividend of US$2.45 per share at 2.6% yield Eligible shareholders must have bought the stock before 14 July 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.9%). Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Member of Advisory Board Bob Moss was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 20
First quarter 2023 earnings released: EPS: US$2.83 (vs US$2.91 in 1Q 2022) First quarter 2023 results: EPS: US$2.83 (down from US$2.91 in 1Q 2022). Revenue: US$1.55b (up 1.8% from 1Q 2022). Net income: US$102.7m (flat on 1Q 2022). Profit margin: 6.6% (down from 6.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 07
Upcoming dividend of US$2.45 per share at 3.2% yield Eligible shareholders must have bought the stock before 14 April 2023. Payment date: 28 April 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$15.41 (vs US$10.83 in FY 2021) Full year 2022 results: EPS: US$15.41 (up from US$10.83 in FY 2021). Revenue: US$7.27b (up 16% from FY 2021). Net income: US$549.9m (up 44% from FY 2021). Profit margin: 7.6% (up from 6.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 21
Watsco, Inc. to Report Q4, 2022 Results on Feb 16, 2023 Watsco, Inc. announced that they will report Q4, 2022 results Pre-Market on Feb 16, 2023 Upcoming Dividend • Jan 06
Upcoming dividend of US$2.45 per share Eligible shareholders must have bought the stock before 13 January 2023. Payment date: 31 January 2023. Payout ratio is a comfortable 60% and the cash payout ratio is 91%. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.8%). Aankondiging • Jan 04
Watsco, Inc. Declares A Regular Quarterly Cash Dividend, Payable on January 31, 2023 Watsco, Inc. declared a regular quarterly cash dividend of $2.45 on each outstanding share of its Common and Class B common stock payable on January 31, 2023 to shareholders of record at the close of business on January 17, 2023. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$4.44 (vs US$3.64 in 3Q 2021) Third quarter 2022 results: EPS: US$4.44 (up from US$3.64 in 3Q 2021). Revenue: US$2.04b (up 14% from 3Q 2021). Net income: US$157.6m (up 23% from 3Q 2021). Profit margin: 7.7% (up from 7.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$5.42 (vs US$3.73 in 2Q 2021) Second quarter 2022 results: EPS: US$5.42 (up from US$3.73 in 2Q 2021). Revenue: US$2.13b (up 15% from 2Q 2021). Net income: US$192.6m (up 47% from 2Q 2021). Profit margin: 9.0% (up from 7.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.3%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Board Change • Jun 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Member of Advisory Board Brian Keeley was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Member of Advisory Board Brian Keeley was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$3.19 (vs US$1.43 in 1Q 2021) First quarter 2022 results: EPS: US$3.19 (up from US$1.43 in 1Q 2021). Revenue: US$1.52b (up 34% from 1Q 2021). Net income: US$113.3m (up 125% from 1Q 2021). Profit margin: 7.4% (up from 4.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 9.0%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Reported Earnings • Apr 22
First quarter 2022 earnings released: EPS: US$2.92 (vs US$1.43 in 1Q 2021) First quarter 2022 results: EPS: US$2.92 (up from US$1.43 in 1Q 2021). Revenue: US$1.52b (up 34% from 1Q 2021). Net income: US$103.0m (up 105% from 1Q 2021). Profit margin: 6.8% (up from 4.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 8.8%, compared to a 9.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Upcoming Dividend • Apr 06
Upcoming dividend of US$2.20 per share Eligible shareholders must have bought the stock before 13 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 70% and the cash payout ratio is 91%. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.8%). In line with average of industry peers (2.5%). Reported Earnings • Feb 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$11.82 (up from US$7.03 in FY 2020). Revenue: US$6.28b (up 24% from FY 2020). Net income: US$418.9m (up 70% from FY 2020). Profit margin: 6.7% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 3.2%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 23% per year. Upcoming Dividend • Jan 06
Upcoming dividend of US$1.95 per share Eligible shareholders must have bought the stock before 13 January 2022. Payment date: 31 January 2022. Payout ratio is a comfortable 75% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.2%). Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Member of Advisory Board George Sape was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 21
Third quarter 2021 earnings released: EPS US$3.98 (vs US$2.77 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$1.78b (up 16% from 3Q 2020). Net income: US$140.9m (up 45% from 3Q 2020). Profit margin: 7.9% (up from 6.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$3.72 (vs US$2.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.85b (up 37% from 2Q 2020). Net income: US$131.4m (up 64% from 2Q 2020). Profit margin: 7.1% (up from 5.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jul 07
Upcoming dividend of US$1.95 per share Eligible shareholders must have bought the stock before 14 July 2021. Payment date: 30 July 2021. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.3%). Recent Insider Transactions • May 02
Insider recently sold €1.3m worth of stock On the 28th of April, Barry Logan sold around 6k shares on-market at roughly €243 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.4m more than they bought in the last 12 months. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$1.56 (vs US$0.77 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.14b (up 13% from 1Q 2020). Net income: US$55.1m (up 105% from 1Q 2020). Profit margin: 4.8% (up from 2.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 07
Upcoming dividend of US$1.95 per share Eligible shareholders must have bought the stock before 14 April 2021. Payment date: 30 April 2021. Trailing yield: 2.9%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.4%). Is New 90 Day High Low • Mar 16
New 90-day high: €214 The company is up 15% from a price of €186 on 16 December 2020. Outperformed the German market which is up 9.0% over the last 90 days. Exceeded the Trade Distributors industry, which is up 9.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at €135 per share. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS US$7.03 (vs US$6.51 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$5.05b (up 6.0% from FY 2019). Net income: US$246.4m (up 9.3% from FY 2019). Profit margin: 4.9% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 01
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 4.3%, compared to a 4.6% growth forecast for the Trade Distributors industry in Germany. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS US$7.01 (vs US$6.51 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$5.05b (up 6.0% from FY 2019). Net income: US$246.4m (up 9.3% from FY 2019). Profit margin: 4.9% (up from 4.7% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 3.6%, compared to a 4.7% growth forecast for the Trade Distributors industry in Germany. Is New 90 Day High Low • Jan 21
New 90-day high: €206 The company is up 4.0% from its price of €198 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €173 per share. Is New 90 Day High Low • Nov 25
New 90-day low: €187 The company is down 9.0% from its price of €206 on 27 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €161 per share. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 4.0%, compared to a 1.1% growth forecast for the Trade Distributors industry in Germany. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$2.77 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$1.54b (up 10% from 3Q 2019). Net income: US$97.3m (up 27% from 3Q 2019). Profit margin: 6.3% (up from 5.5% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 22
Third quarter earnings released Over the last 12 months the company has reported total profits of US$240.4m, up 5.6% from the prior year. Total revenue was US$4.97b over the last 12 months, up 6.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 22
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 2.5% at US$1.54b. Revenue is forecast to grow 2.4% over the next year, while the growth in Trade Distributors industry in Germany is expected to stay flat. Is New 90 Day High Low • Oct 21
New 90-day low: €191 The company is down 3.0% from its price of €197 on 23 July 2020. The German market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €76.49 per share. Aankondiging • Oct 13
Watsco, Inc. to Report Q3, 2020 Results on Oct 22, 2020 Watsco, Inc. announced that they will report Q3, 2020 results at 9:00 AM, Eastern Standard Time on Oct 22, 2020 Aankondiging • Jul 17
Watsco, Inc. to Report Q2, 2020 Results on Jul 23, 2020 Watsco, Inc. announced that they will report Q2, 2020 results at 9:00 AM, Eastern Standard Time on Jul 23, 2020 
