News

Watsco EPS Jumps 93% Setting First Quarter Records for Sales, Operating Profit, Operating Margins and Net Income

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Double-Digit Sales Growth, Higher Gross Margins and Operating Efficiencies Drive Record Performance Customer-Adoption of Technologies Grows as Business Evolution Continues   MIAMI, April 22, 2021 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) reported record first quarter operating results, establishing new records for sales, operating income, operating margins, net income and earnings per share (EPS). Watsco’s entrepreneurial culture continues to… Read more »



Watsco Completes Acquisition of Temperature Equipment Corporation

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Adds $291 Million in Sales and 32 Locations in New Markets MIAMI, FLORIDA – (GLOBENEWSWIRE), April 12, 2021 – Watsco, Inc. (NYSE: WSO) announced that it has completed the acquisition of Temperature Equipment Corporation (TEC). Founded in Chicago in 1935, TEC serves approximately 10,000 HVAC customers from 32 locations in Illinois, Indiana, Kansas, Michigan, Minnesota,… Read more »



Watsco to Acquire Temperature Equipment Corporation, $291 Million Chicago-Based HVAC Distributor

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Enables Entrance into New Markets with 32 Locations and 10,000 Contractor-Customers MIAMI, FLORIDA – (GLOBENEWSWIRE), March 16, 2021 – Watsco, Inc. (NYSE: WSO) and Carrier Global Corp. (NYSE: CARR) announced today that they have signed an agreement to acquire Temperature Equipment Corporation (TEC). Watsco recently reported record 2020 results with over $5 billion in sales,… Read more »


Watsco Boosts Annual Dividend 10% to $7.80 Per Share

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MIAMI, Feb. 11, 2021 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved a 10% increase in its annual dividend to $7.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next regular dividend payment beginning in April 2021. Albert H. Nahmad, Watsco’s… Read more »


Watsco’s Fourth Quarter EPS Jumps 24%, Setting New Records for Sales, Operating Profit, Net Income and Cash Flow

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Annual Records Achieved for EPS, Sales, Profitability and Cash Flow 10% Dividend Raise to $7.80 Following Record Performance MIAMI, Feb. 11, 2021 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) reported record fourth quarter results. Watsco set new annual records for earnings per share (EPS), sales, operating income, net income and operating cash flow. Watsco also announced that its Board of Directors approved a 10%… Read more »