Investor Overview

Watsco, with our extensive distribution network, provides indoor comfort to homes and businesses regardless of conditions.

Financials

Over the last 25 years Watsco has become the undisputed industry leader producing a 21% compounded annual total shareholder return.

Fundamentals

Learn about our performance and what makes us the industry leader.

Stock Information

Our Common stock is listed on the NYSE under the ticker symbol “WSO” and our Class B common stock is listed on the NYSE under the ticker symbol “WSOB”

Corporate Governance

The primary role of Watsco’s Board of Directors is to oversee our business strategy, assess and manage risks and maximize long-term shareholder value

Investor Resources

Our Investor Resources page give you insight into our company’s culture and how it increases performance.


Income Statement

  Year Ending Dec 2016 (Update) Year Ending Dec 2015 (Update) Year Ending Dec 2014 (Update) Year Ending Dec 2013 (Update)
Net Sales 4.22M 4.11M 3.94M 3.74M
Revenue 4.22M 4.11M 3.94M 3.74M
Total Revenue 4.22M 4.11M 3.94M 3.74M
Cost of Revenue 3.19M 3.11M 2.99M 2.84M
Cost of Revenue, Total 3.19M 3.11M 2.99M 2.84M
Gross Profit 1.03M 1.01M 956.40 899.25
Selling/General/Administrative Expense 668.89 651.49 632.73 610.34
Selling/General/Administrative Expenses, Total 668.89 651.49 632.73 610.34
Depreciation 14.85 13.80 12.16 11.68
Amortization of Intangibles, Operating 5.21 5.32 5.77 6.03
Depreciation/Amortization 20.07 19.12 17.93 17.71
Other Unusual Expense (Income)
Unusual Expense (Income)
Total Operating Expense 3.88M 3.78M 3.64M 3.47M
Operating Income 345.63 336.75 305.75 271.21
Interest Income (Expense), Net Non-Operating -3.71 -5.55 -5.21 -5.83
Interest Income (Expense), Net-Non-Operating, Total -3.71 -5.55 -5.21 -5.83
Net Income Before Taxes 341.92 331.20 300.54 265.38
Income Tax – Total 105.94 104.68 91.84 77.66
Income After Tax 235.98 226.52 208.70 187.72
Minority Interest -53.17 -53.60 -57.32 -60.00
Net Income Before Extraordinary Items 182.81 172.93 151.39 127.72
Discontinued Operations
Total Extraordinary Items
Net Income 182.81 172.93 151.39 127.72
Miscellaneous Earnings Adjustment -14.81 -13.63 -11.44 -9.06
Total Adjustments to Net Income -14.81 -13.63 -11.44 -9.06
Income Available to Common Excluding Extraordinary Items 168.00 159.30 139.94 118.66
Income Available to Common Stocks Including Extraordinary Items 168.00 159.30 139.94 118.66
Basic Weighted Average Shares 32.58 32.44 32.31 32.20
Basic EPS Excluding Extraordinary Items 5.16 4.91 4.33 3.69
Basic EPS Including Extraordinary Items 5.16 4.91 4.33 3.69
Dilution Adjustment 0.01 0.01
Diluted Net Income 168.00 159.30 139.94 118.67
Diluted Weighted Average Shares 32.62 32.48 32.36 32.26
Diluted EPS Excluding Extraordinary Items 5.15 4.90 4.32 3.68
Diluted EPS Including Extraordinary Items 5.15 4.90 4.32 3.68
DPS - Common Stock Primary Issue 3.60 2.80 2.00 1.15
Dividend per Share – Common Stock Issue 2 3.60 2.80 2.00 1.15
Gross Dividends - Common Stock 127.60 98.53 69.87 39.84
Stock-Based Compensation, Supplemental 12.32 12.60 11.47 9.97
Depreciation, Supplemental 14.85 13.80 12.16 11.68
Total Special Items
Normalized Income Before Taxes 341.92 331.20 300.54 265.38
Effect of Special Items on Income Taxes
Income Taxes Excluding Impact of Special Items 105.94 104.68 91.84 77.66
Normalized Income After Taxes 235.98 226.52 208.70 187.72
Normalized Income Available to Common 168.00 159.30 139.94 118.66
Basic Normalized EPS 5.16 4.91 4.33 3.69
Diluted Normalized EPS 5.15 4.90 4.32 3.68
Amortization of Intangibles, Supplemental 5.21 5.32 5.77 6.03
Rental Expense, Supplemental 83.26 82.58 81.16 79.59
Advertising Expense, Supplemental 22.24 21.15 19.75 0.02
Minority Interest, Supplemental -53.17 -53.60 -57.32 -60.00
Audit-Related Fees, Supplemental 1.83 1.72 1.65 1.57
Audit-Related Fees -- 0.05
Tax Fees, Supplemental 0.15 0.24 0.40 0.43
All Other Fees Paid to Auditor, Supplemental -- --
Gross Margin 24.51 24.49 24.25 24.02
Operating Margin 8.19 8.19 7.75 7.25
Pretax Margin 8.10 8.05 7.62 7.09
Effective Tax Rate 30.98 31.61 30.56 29.26
Net Profit Margin 3.98 3.87 3.55 3.17
Normalized EBIT 345.63 336.75 305.75 271.21
Normalized EBITDA 365.70 355.87 323.67 288.92
Current Tax - Total 103.22 99.99 91.55 69.07
Current Tax - Total 103.22 99.99 91.55 69.07
Deferred Tax - Domestic 2.72 4.69 0.29 8.59
Deferred Tax - Total
Deferred Tax - Total 2.72 4.69 0.29 8.59
Income Tax - Total 105.94 104.68 91.84 77.66
Domestic Tax
Foreign Tax
Local Tax
Income Tax by Region - Total
Defined Contribution Expense - Domestic 2.35 1.96 1.76 1.69
Total Pension Expense 2.35 1.96 1.76 1.69

In millions of USD (except for per share items)

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