Watsco is the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. Watsco estimates that over 300,000 contractors and technicians visit or call one of its 600 locations each year to get information, obtain technical support and buy products. HVAC/R products provide comfort to homes and businesses regardless of the outdoor climate. Older systems often operate below today's government mandated energy efficiency and environmental standards. Watsco has an opportunity to accelerate the replacement of these systems at a scale greater than its competitors as the movement toward reducing energy consumption and its environmental impact continues. This is especially important since heating and cooling accounts for approximately half of the energy consumed in a typical U.S. home.

Company profile
Ticker
WSO, WSO.B
Exchange
Website
CEO
Albert Nahmad
Employees
Incorporated
Location
Fiscal year end
Sector
Ferguson ...
SEC CIK
Corporate docs
Subsidiaries
Acme Refrigeration LLC • Alert Labs Inc. • Baker Distributing Company LLC • Boreal International Corporation • Carrier Enterprise Canada, L.P. • Carrier Enterprise Mexico • Carrier Enterprise Servicios Mexico • Expert TTL Solutions S. de R.L. de C.V. • Carrier Enterprise, LLC • Carrier Enterprise Northeast, LLC ...
IRS number
590778222
WSO stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Changes in Registrant's Certifying Accountant
10 May 23
10-Q
2023 Q1
Quarterly report
5 May 23
ARS
2022 FY
Annual report to shareholders
28 Apr 23
DEF 14A
Definitive proxy
28 Apr 23
8-K
Changes in Registrant's Certifying Accountant
24 Apr 23
8-K
Watsco Reports First Quarter EPS of $2.83 on Record Sales
20 Apr 23
8-K
Entry into a Material Definitive Agreement
22 Mar 23
10-K
2022 FY
Annual report
24 Feb 23
8-K
Watsco Reports Record Fourth Quarter and Record 2022 Performance
16 Feb 23
10-Q
2022 Q3
Quarterly report
3 Nov 22
Transcripts
WSO
Earnings call transcript
2023 Q1
20 Apr 23
WSO
Earnings call transcript
2022 Q4
16 Feb 23
WSO
Earnings call transcript
2022 Q3
20 Oct 22
WSO
Earnings call transcript
2022 Q2
26 Jul 22
WSO
Earnings call transcript
2022 Q1
21 Apr 22
WSO
Earnings call transcript
2021 Q4
10 Feb 22
WSO
Earnings call transcript
2021 Q3
20 Oct 21
WSO
Earnings call transcript
2021 Q2
22 Jul 21
WSO
Earnings call transcript
2021 Q1
22 Apr 21
WSO
Earnings call transcript
2020 Q4
11 Feb 21
Latest ownership filings
4
ALBERT H NAHMAD
7 Jun 23
3
Ana Lopez-Blazquez
6 Jun 23
4
CESAR L ALVAREZ
24 May 23
144
Notice of proposed sale of securities
22 May 23
4
ANA M MENENDEZ
15 Mar 23
4
BARRY S LOGAN
15 Mar 23
4
Aaron J Nahmad
15 Mar 23
4
ALBERT H NAHMAD
15 Mar 23
4
Denise Dickins
6 Mar 23
4
John Michael Custer
1 Mar 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 140.96 mm | 140.96 mm | 140.96 mm | 140.96 mm | 140.96 mm | 140.96 mm |
Cash burn (monthly) | 2.18 mm | (no burn) | (no burn) | (no burn) | 15.81 mm | (no burn) |
Cash used (since last report) | 4.95 mm | n/a | n/a | n/a | 35.85 mm | n/a |
Cash remaining | 136.00 mm | n/a | n/a | n/a | 105.11 mm | n/a |
Runway (months of cash) | 62.3 | n/a | n/a | n/a | 6.6 | n/a |
Institutional ownership, Q1 2023
13F holders | Current |
---|---|
Total holders | 592 |
Opened positions | 99 |
Closed positions | 66 |
Increased positions | 237 |
Reduced positions | 169 |
13F shares | Current |
---|---|
Total value | 10.73 tn |
Total shares | 33.90 mm |
Total puts | 405.20 k |
Total calls | 63.60 k |
Total put/call ratio | 6.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.95 mm | $1.26 tn |
Vanguard | 3.26 mm | $1.04 tn |
Baillie Gifford & Co | 1.98 mm | $630.48 bn |
Kayne Anderson Rudnick Investment Management | 1.67 mm | $531.58 bn |
FMR | 1.34 mm | $425.51 bn |
Charles Schwab Investment Management | 1.32 mm | $406.89 bn |
STT State Street | 943.68 k | $300.24 bn |
Capital World Investors | 908.30 k | $288.98 bn |
Blair William & Co | 729.87 k | $232.22 bn |
Neuberger Berman | 677.87 k | $215.67 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Jun 23 | Nahmad Albert H | Common stock | Gift | Dispose G | Yes | No | 0 | 1,494 | 0.00 | 0 |
22 May 23 | Alvarez Cesar L | Common Stock | Sell | Dispose S | No | No | 332.64 | 4,000 | 1.33 mm | 0 |
22 May 23 | Alvarez Cesar L | Common Stock | Option exercise | Acquire M | No | No | 185.12 | 4,000 | 740.48 k | 0 |
22 May 23 | Alvarez Cesar L | Stock Option Common Stock | Option exercise | Dispose M | No | No | 185.12 | 4,000 | 740.48 k | 0 |
13 Mar 23 | Nahmad Albert H | Common stock | Other | Acquire J | Yes | No | 249.4 | 30 | 7.48 k | 30 |
13 Mar 23 | Menendez Ana M | Common stock | Other | Acquire J | Yes | No | 249.4 | 30 | 7.48 k | 1,511 |
News
Analyst Expectations for Watsco's Future
23 May 23
UBS Maintains Neutral on Watsco, Raises Price Target to $340
23 May 23
Deutsche Bank Maintains Hold on Watsco, Raises Price Target to $380
24 Apr 23
Loop Capital Maintains Hold on Watsco, Raises Price Target to $335
24 Apr 23
Stephens & Co. Maintains Overweight on Watsco, Raises Price Target to $400
21 Apr 23
Press releases
Watsco Reports First Quarter EPS of $2.83 on Record Sales
20 Apr 23
Watsco's Earnings Call to Discuss First Quarter Results Scheduled on April 20, 2023
7 Apr 23
Watsco Declares $2.45 Quarterly Dividend
3 Apr 23
Watsco Completes $600 Million Unsecured Credit Facility
17 Mar 23
Watsco to Present at the J.P. Morgan 2023 Industrials Conference on March 15, 2023
14 Mar 23