Watsco Q2 revenue rises 7% to record $2.1 billion; EPS $4.49 vs $4.42
Watsco reported second-quarter 2024 revenue of $2.1 billion, up 7%, and diluted earnings per share of $4.49, up from $4.42 a year earlier. For the first half, EPS fell to $6.69 from $7.25, while revenue rose 4% to $3.7 billion. The company also raised its annual dividend rate 10% to $10.80 per share and reported $425 million in cash and short-term investments with no borrowings under its $600 million credit facility.
Key points
- Q2 revenue rose 7% to $2.1 billion (4% on a same-store basis); gross margin was 27.1%.
- Q2 diluted EPS was $4.49 versus $4.42; first-half EPS was $6.69 versus $7.25.
- Annual dividend rate increased 10% to $10.80 per share, effective April 2024.
- As of June 30, 2024, cash and short-term investments totaled $425 million, with no borrowings under the $600 million credit facility.
The filing
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 July 30, 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.