Watsco Q3 sales rise 2% to record $2.16 billion; EPS falls 3% to $4.22
Watsco reported third-quarter 2024 sales up 2% to a record $2.16 billion, while operating income fell 2% to $250 million and diluted EPS declined 3% to $4.22. Nine-month EPS was $10.92 versus $11.60 a year earlier, though operating cash flow rose 50% to a record $394 million.
Key points
- Q3 sales $2.16 billion, up 2% (flat on a same-store basis); net income attributable to Watsco $171 million, flat year over year
- Q3 diluted EPS $4.22 versus $4.35 a year earlier, down 3%
- Nine-month EPS $10.92 versus $11.60; operating cash flow up 50% to a record $394 million
- Annual dividend rate raised 10% to $10.80 per share, effective April 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:12 AM ET, from the text of the filing and its press-release exhibits 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 23, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.