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 • Carrier Enterprise, LLC • Carrier Enterprise Northeast, LLC • Carrier InterAmerica Corporation ...
IRS number
590778222
WSO stock data
News
Benzinga's Top Ratings Upgrades, Downgrades For June 16, 2022
16 Jun 22
Morgan Stanley Downgrades Watsco to Underweight, Lowers Price Target to $207
16 Jun 22
Morgan Stanley Maintains Equal-Weight on Watsco, Lowers Price Target to $228
31 May 22
Morgan Stanley Maintains Equal-Weight on Watsco, Lowers Price Target to $277
22 Apr 22
Watsco Q1 Earnings Surpass Street Estimates
21 Apr 22
Press releases
Watsco to Present at Baird's Global Consumer, Technology & Services Conference on June 7, 2022 at 11:25 a.m. EDT
3 Jun 22
Watsco to Present at the William Blair 42nd Annual Growth Stock Conference on June 9, 2022 at 8:00 a.m. CDT
3 Jun 22
Watsco to Present at the Wolfe Global Transportation & Industrials Conference on May 24, 2022
23 May 22
Watsco EPS Jumps 109% to $2.90, Reflecting Record Sales, Operating Profit, Operating Margin and Net Income
21 Apr 22
Watsco's Earnings Call to Discuss First Quarter Results Scheduled on April 21, 2022
8 Apr 22
Analyst ratings and price targets
Calendar
4 May 22
26 Jun 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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) | 110.61M | 110.61M | 110.61M | 110.61M | 110.61M | 110.61M |
| Cash burn (monthly) | 2.55M | (no burn) | (no burn) | (no burn) | 33.87M | (no burn) |
| Cash used (since last report) | 7.34M | n/a | n/a | n/a | 97.33M | n/a |
| Cash remaining | 103.27M | n/a | n/a | n/a | 13.28M | n/a |
| Runway (months of cash) | 40.4 | n/a | n/a | n/a | 0.4 | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Jun 22 | Valerie Schimel | Stock Option Common Stock | Grant | Acquire A | No | No | 260.28 | 4,000 | 1.04M | 4,000 |
| 6 Jun 22 | Custer John Michael | Stock Option Common Stock | Grant | Acquire A | No | No | 260.28 | 5,000 | 1.3M | 5,000 |
| 6 Jun 22 | John Alexander Macdonald | Stock Option Common Stock | Grant | Acquire A | No | No | 260.28 | 5,000 | 1.3M | 5,000 |
| 6 Jun 22 | Rubin Steven | Stock Option Common Stock | Grant | Acquire A | No | No | 260.28 | 5,000 | 1.3M | 5,000 |
Institutional ownership, Q1 2022
91.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 480 |
| Opened positions | 41 |
| Closed positions | 74 |
| Increased positions | 184 |
| Reduced positions | 164 |
| 13F shares | Current |
|---|---|
| Total value | 9.28B |
| Total shares | 30.46M |
| Total puts | 31.4K |
| Total calls | 52.7K |
| Total put/call ratio | 0.6 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 3.78M | $1.15B |
| Vanguard | 3.33M | $1.01B |
| Baillie Gifford & Co | 2.07M | $630.44M |
| Kayne Anderson Rudnick Investment Management | 1.56M | $476.04M |
| Charles Schwab Investment Management | 1.15M | $351.84M |
| Capital World Investors | 1.13M | $343.62M |
| FMR | 951.75K | $289.94M |
| STT State Street | 905.01K | $275.7M |
| ATAC Neuberger Berman | 730.64K | $222.61M |
| Wellington Management | 718.83K | $218.98M |
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
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8th grade Avg
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New words:
agent, averted, benchmark, broad, capture, carbon, catalyst, cease, combination, confirmed, constrained, consumption, contractor, deliverable, Department, electricity, enacted, energy, footprint, fulfill, Goldman, grew, GS, harmful, household, increasingly, inte, Kingdom, logistical, long, longer, meaningful, metric, mon, nded, Northern, ommon, optimize, organically, original, outpacing, overwhelming, paidcash, passing, promoting, purpose, ranging, recovery, reestablished, regulatory, responded, restated, richer, role, roughly, safety, save, SEER, Southern, unitary, unobservable, unpredictable, USD, variety, widespread
Removed:
abatement, austerity, began, begun, cleaning, comparable, compensation, conservative, creating, curtail, decrease, delivery, diminished, earlier, ease, eased, enable, essential, event, functioning, high, home, implemented, instituting, lieu, light, low, magnitude, mitigation, negatively, payment, perform, personal, preserve, protective, published, recent, remain, remedial, repayment, requiring, response, resumption, retired, safeguard, scale, servicing, space, uncertainty, utilizing, vendor, viral, withheld, work
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
8 Jun 22
8-K
Strong Sales Growth, Higher Margins and Operating Efficiencies Drive Performance
21 Apr 22
8-K
Departure of Directors or Certain Officers
18 Mar 22
8-K
Watsco Reports Record Breaking Fourth Quarter and 2021 Full Year Performance
10 Feb 22
8-K
Watsco Generates Record Third Quarter Performance
20 Oct 21
8-K
Departure of Directors or Certain Officers
12 Oct 21
8-K
Entry into a Material Definitive Agreement
6 Aug 21
8-K
Strong Sales Growth, Higher Margins, Operating Efficiencies and Recent Acquisitions Drive Record Performance
22 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 21
8-K
Results of Operations and Financial Condition
22 Apr 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
25 Feb 22
424B5
Prospectus supplement for primary offering
4 Nov 21
S-3ASR
Automatic shelf registration
4 Nov 21
424B5
Prospectus supplement for primary offering
6 Aug 21
S-8
Registration of securities for employees
7 Jun 21
424B7
Prospectus with selling stockholder info
2 Aug 19
S-3ASR
Automatic shelf registration
8 Nov 18
424B5
Prospectus supplement for primary offering
22 Aug 17
424B7
Prospectus with selling stockholder info
26 Feb 17
424B7
Prospectus with selling stockholder info
22 Feb 17
Other
UPLOAD
Letter from SEC
30 Apr 19
CORRESP
Correspondence with SEC
28 Apr 19
UPLOAD
Letter from SEC
16 Apr 19
UPLOAD
Letter from SEC
18 Jul 17
CORRESP
Correspondence with SEC
16 Jul 17
UPLOAD
Letter from SEC
6 Jul 17
CT ORDER
Confidential treatment order
19 Aug 13
UPLOAD
Letter from SEC
19 Aug 13
CORRESP
Correspondence with SEC
8 Aug 13
UPLOAD
Letter from SEC
28 Jul 13
Ownership
4
WATSCO / Steven Rubin ownership change
8 Jun 22
4
WATSCO / John Alexander Macdonald ownership change
8 Jun 22
4
WATSCO / John Michael Custer ownership change
8 Jun 22
4
WATSCO / Valerie Schimel ownership change
8 Jun 22
3
WATSCO / Valerie Schimel ownership change
8 Jun 22
4
WATSCO / BOB L MOSS ownership change
3 Jun 22
4
WATSCO / CESAR L ALVAREZ ownership change
1 Jun 22
4
WATSCO / BOB L MOSS ownership change
27 Apr 22
4
WATSCO / Brian E. Keeley ownership change
25 Mar 22
4
WATSCO / BARRY S LOGAN ownership change
16 Mar 22
Transcripts
2022 Q1
Earnings call transcript
21 Apr 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
20 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
11 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
2019 Q4
Earnings call transcript
13 Feb 20
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18 Apr 22