News


Watsco Reports Record Sales, Operating Profit, Net Income and Cash Flow During First Quarter

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April 23, 2019 at 7:30 AM EDT MIAMI, April 23, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) reported record sales, operating profit, net income and cash flow for the quarter ended March 31, 2019. Key performance metrics: 2% increase in operating profit to a record $55 million (10 basis-point expansion in operating margin to 5.9%) 4% increase in same-store operating profit… Read more »


Watsco to Host 2019 First Quarter Earnings Call April 23, 2019

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MIAMI, April 11, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2019 first quarter earnings results on Tuesday, April 23, 2019 at 10:00 a.m. (EDT). Prepared remarks regarding the financial and operational results will be followed by a question and answer session with senior management team. The conference call will… Read more »


Watsco Completes Acquisition of DASCO Supply

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$56 Million Northeastern HVAC Distributor MIAMI, April 04, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE:WSO) announced today that it has completed the acquisition of DASCO Supply, a distributor of air conditioning and heating products based in Whippany, New Jersey. Founded in 1974, DASCO Supply operates seven locations in New Jersey, New York and Connecticut. They serve more than 2,500 air conditioning and heating contractors… Read more »


Watsco Declares $1.60 Quarterly Dividend

MIAMI, April 01, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced today that its Board of Directors has declared a regular quarterly cash dividend of $1.60 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on April 30, 2019 to shareholders of record at the close of business on April 15, 2019. Watsco has paid dividends… Read more »


Watsco to Present at the J.P. Morgan Aviation, Transportation & Industrials Conference on March 5, 2019

February 27, 2019 at 7:30 AM EST MIAMI, Feb. 27, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE:WSO) announced today that Barry Logan, Senior Vice President, is scheduled to present at J.P. Morgan’s Aviation, Transportation & Industrials Conference being held at the Westin New York Grand Central Hotel in New York City on Tuesday, March 5, 2019 at 9:30 a.m. (ET). Internet users can listen to a live webcast of… Read more »


Watsco Reports Record Results in 2018, Marking its 30-Year Anniversary in HVAC/R Distribution

Culture of Innovation Continues to Transform Watsco’s Customer-Experience MIAMI, Feb. 14, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) reported record results for the year and quarter ended December 31, 2018. Annual records were set for sales, operating income, net income and earnings per share. EPS of $6.49 for the year was consistent with the Company’s outlook of $6.40 to $6.50 provided in its… Read more »


Watsco to Host 2018 Earnings Call February 14, 2019

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MIAMI, Feb. 05, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2019 fourth quarter and annual earnings results on Thursday, February 14, 2019 at 10:00 a.m. (ET). Prepared remarks regarding the financial and operational results will be followed by a question and answer session with senior management team. The conference… Read more »



Watsco Completes Refinancing of $500 Million Credit Facility

December 7, 2018 at 7:30 AM EST MIAMI, Fla., Dec. 07, 2018 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE:WSO) today announced that it has refinanced its unsecured revolving credit agreement led by Bank of America as Administrative Agent, JPMorgan Chase Bank as Syndication Agent and BB&T Company, U.S. Bank and Wells Fargo Bank as Documentation Agents. Borrowings under the five-year $500 million credit facility will be used for working capital, acquisitions,… Read more »