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AI brief of an SEC Form 8-K · Watsco (WSO)

Watsco Q3 Sales Rise 4% to Record $2.13 Billion; EPS Up 8% to $4.35

Positive Impact 3 of 5 earnings Written later

Watsco reported third-quarter 2023 revenue of $2.13 billion, up 4%, and diluted earnings per share of $4.35, up from $4.03 a year earlier, with operating income up 9% to $257 million. For the nine months, sales were flat at $5.68 billion and EPS fell to $11.60 from $11.86, so shareholders see stronger quarterly results but a flat year to date.

Key points

  • Q3 2023 revenue $2.13 billion, up 4%; gross margin 26.7% versus 27.1% a year earlier
  • Q3 operating income $257 million, up 9%; diluted EPS $4.35 versus $4.03
  • Nine-month EPS $11.60 versus $11.86; nine-month sales $5.68 billion, flat year over year
  • Watsco acquired Gateway Supply Company, with annual sales of approximately $180 million

The filing

CompanyWatsco (WSO)
Form8-K, current report
Filed with the SECOct 19, 2023, 7:31 AM ET
Accession number0001193125-23-258924

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 19, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.