Every material Form 8-K Watsco filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
Watsco reported second-quarter 2023 results on August 1, 2023, with sales down 6% to $2.0 billion and diluted EPS down 10% to $4.42 from $4.93. The company attributed part of the decline to a product transition under new efficiency regulations and to OEM production and availability delays, which it estimated reduced quarterly sales by $75 to $80 million. For the six months, sales fell 3% to $3.55 billion and EPS fell 7% to $7.25.
Second-quarter sales of $2.0 billion, down 6%; operating income of $266 million, down 7%
Second-quarter diluted EPS of $4.42, versus $4.93 a year earlier
Company estimated OEM-related delays reduced quarterly sales by $75 to $80 million ($115 to $125 million for six months)
Operating cash flow was a $89 million use of cash for the six months ended June 30, 2023; annual dividend rate is $9.80 per share
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Watsco filing is on SEC EDGAR ↗. 8-K briefs of other companies →