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

Watsco Q4 sales hit record $1.60 billion as EPS fell to $2.06; dividend rises 10%

Mixed Impact 4 of 5 earnings Written later

Watsco reported fourth-quarter and full-year 2023 results. Sales were at record levels, but diluted earnings per share declined from 2022, which included a one-time tax benefit. The company also raised its annual dividend 10% to $10.80 per share, effective with the April 2024 payment.

Key points

  • Q4 sales rose 1% to a record $1.60 billion; Q4 diluted EPS was $2.06 versus $3.55 a year earlier, which included a $1.20 net benefit from 2022 stock vesting
  • Full-year sales were $7.28 billion versus $7.27 billion; full-year diluted EPS was $13.67 versus $15.41 ($14.20 adjusted for 2022)
  • Annual dividend rate increased 10% to $10.80 per share, reflected in the April 2024 quarterly payment
  • Full-year operating cash flow was $562 million versus $572 million in 2022

The filing

CompanyWatsco (WSO)
Form8-K, current report
Filed with the SECFeb 13, 2024, 7:01 AM ET
Accession number0001193125-24-032868

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 February 13, 2024.

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.