Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners, including gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. The company also provides parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. It serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. In addition, the company exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
IPO Year:
Exchange: NYSE
Website: watsco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/14/2025 | $515.00 | Equal-Weight | Morgan Stanley |
| 1/17/2025 | Mkt Perform | Raymond James | |
| 11/22/2024 | Neutral | Northcoast | |
| 12/8/2023 | $387.00 → $500.00 | Hold → Buy | Deutsche Bank |
| 7/25/2023 | $360.00 | Neutral | Mizuho |
| 7/10/2023 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/10/2023 | $280.00 | Neutral | UBS |
| 8/18/2022 | $311.00 | Hold | Deutsche Bank |
| 7/14/2022 | $350.00 → $313.00 | Neutral → Outperform | Robert W. Baird |
| 6/16/2022 | $228.00 → $207.00 | Equal-Weight → Underweight | Morgan Stanley |
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Morgan Stanley initiated coverage of Watsco with a rating of Equal-Weight and set a new price target of $515.00
Raymond James initiated coverage of Watsco with a rating of Mkt Perform
Northcoast initiated coverage of Watsco with a rating of Neutral
Deutsche Bank upgraded Watsco from Hold to Buy and set a new price target of $500.00 from $387.00 previously
Mizuho initiated coverage of Watsco with a rating of Neutral and set a new price target of $360.00
KeyBanc Capital Markets downgraded Watsco from Overweight to Sector Weight
UBS initiated coverage of Watsco with a rating of Neutral and set a new price target of $280.00
Deutsche Bank initiated coverage of Watsco with a rating of Hold and set a new price target of $311.00
Robert W. Baird upgraded Watsco from Neutral to Outperform and set a new price target of $313.00 from $350.00 previously
Morgan Stanley downgraded Watsco from Equal-Weight to Underweight and set a new price target of $207.00 from $228.00 previously
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Record Gross Profit Margins & Expanded Operating Margins Amidst A2L Product Transition; Strong Balance Sheet Fortifies the Company and Enables Continued Investments in Growth MIAMI, July 30, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced its operating results for the second quarter and six-month period ended June 30, 2025. The Company also provided updates related to innovation and technology, growth opportunities and overall business trends. Watsco is the largest distributor in the highly-fragmented $74 billion North American market for HVAC products. Since entering distribution in 1989, Watsco has achieved an 18% compounded annual total-shareholder return through a combina
MIAMI, July 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it will host its second quarter 2025 conference call on Wednesday, July 30, 2025 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link on our website at www.watsco.com. The earnings results will be released before the market opens on July 30, 2025. A replay of the conference call will be available on our website. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participant
MIAMI, July 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on July 31, 2025 to shareholders of record at the close of business on July 16, 2025. Watsco has paid dividends to shareholders for 51 consecutive years, with this quarter marking the 200th consecutive quarter of dividend payments. The Company's philosophy is to share cash flow through dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities
MIAMI, May 05, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that it has completed the acquisition of Southern Ice Equipment Distributors as well as two other transactions completed thus far in 2025. Terms of the transactions were not disclosed. Founded in 1984 and based in Lafayette, Louisiana, Southern Ice is a leading distributor of food-service and commercial refrigeration equipment, parts and supplies, including products manufactured by Manitowoc Ice, a division of Pentair plc. The Company operates seven locations in key Sunbelt markets including Louisiana, Mississippi, Arkansas, Texas, New Mexico and Arizona. Southern Ice will operate under its existing name and under t
MIAMI, April 23, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced its operating results for the first quarter ended March 31, 2025 and provided commentary on growth opportunities, business trends, its financial position and long-term growth drivers. Watsco is the leading distributor in the HVAC/R marketplace, serving over 375,000 contractors, technicians and installers from 693 locations across the U.S., Canada and Latin America. Since entering distribution in 1989, the Company has scaled to be the industry leader through a combination of organic growth and the acquisition of 71 businesses. From 1989 through 2024, Watsco has achieved a 19% compounded annual growth rate (CAGR) fo
MIAMI, April 09, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it has scheduled a conference call to discuss its 2025 first quarter results on Wednesday, April 23, 2025 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on February 18, 2025. A replay of the conference call will be available on our website. Investors and analysts are encouraged to pre-register for the conference
MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on April 30, 2025 to shareholders of record at the close of business on April 15, 2025. This marks an 11% increase to an annual rate of $12.00 per share. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting our continued confidence in our business, which is fundamentally supported by our strong balance sheet." Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is to sh
MIAMI, March 11, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) today announced its participation in the upcoming J.P. Morgan 2025 Industrials Conference. Barry Logan, Executive Vice President, and Rick Gomez, Vice President, will participate in a fireside chat at the event on Wednesday, March 12, 2025 at 8:15 a.m. (EDT). A live webcast of the event will be available in the Investor Relations section of Watsco's website at https://investors.watsco.com/events. About Watsco Watsco is the largest distributor of 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 t
Boosts Annual Dividend 11% to $12.00 Per Share Entrepreneurial Culture, Transformational Technologies and Debt-Free Balance Sheet Continue to Produce Results and Provide Long-Term Opportunities MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) reported fourth quarter and full year 2024 results and provided commentary on current business trends, technology innovation and long-term growth drivers. Watsco also announced today an 11% increase to its annual dividend to $12.00 per share effective with its next regular dividend payment in April 2025. Watsco is the leading distributor in the HVAC/R marketplace, serving over 375,000 contractors, technicians and installers
MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved an 11% increase in its annual dividend to $12.00 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company's next quarterly dividend payment in April 2025. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting the strength of our 2024 performance and our confidence in the prospects of our business, which is fundamentally supported by our strong balance sheet." Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is
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MIAMI, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $1.775 on each outstanding share of its Common and Class B common stock payable on January 29, 2021 to shareholders of record at the close of business on January 15, 2021. Watsco has paid dividends for 47 consecutive years. The Company’s philosophy is to share increasing amounts of cash flow with shareholders through higher dividends while maintaining a conservative financial position. Future dividends will be considered in light of investment opportunities, cash flow, general economic conditions and the Company’s financial condition. About Watsco Wats
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Record Gross Profit Margins & Expanded Operating Margins Amidst A2L Product Transition; Strong Balance Sheet Fortifies the Company and Enables Continued Investments in Growth MIAMI, July 30, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced its operating results for the second quarter and six-month period ended June 30, 2025. The Company also provided updates related to innovation and technology, growth opportunities and overall business trends. Watsco is the largest distributor in the highly-fragmented $74 billion North American market for HVAC products. Since entering distribution in 1989, Watsco has achieved an 18% compounded annual total-shareholder return through a combina
MIAMI, July 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it will host its second quarter 2025 conference call on Wednesday, July 30, 2025 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link on our website at www.watsco.com. The earnings results will be released before the market opens on July 30, 2025. A replay of the conference call will be available on our website. Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participant
MIAMI, July 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on July 31, 2025 to shareholders of record at the close of business on July 16, 2025. Watsco has paid dividends to shareholders for 51 consecutive years, with this quarter marking the 200th consecutive quarter of dividend payments. The Company's philosophy is to share cash flow through dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network. Future changes in dividends are considered in light of investment opportunities
MIAMI, May 05, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that it has completed the acquisition of Southern Ice Equipment Distributors as well as two other transactions completed thus far in 2025. Terms of the transactions were not disclosed. Founded in 1984 and based in Lafayette, Louisiana, Southern Ice is a leading distributor of food-service and commercial refrigeration equipment, parts and supplies, including products manufactured by Manitowoc Ice, a division of Pentair plc. The Company operates seven locations in key Sunbelt markets including Louisiana, Mississippi, Arkansas, Texas, New Mexico and Arizona. Southern Ice will operate under its existing name and under t
MIAMI, April 23, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced its operating results for the first quarter ended March 31, 2025 and provided commentary on growth opportunities, business trends, its financial position and long-term growth drivers. Watsco is the leading distributor in the HVAC/R marketplace, serving over 375,000 contractors, technicians and installers from 693 locations across the U.S., Canada and Latin America. Since entering distribution in 1989, the Company has scaled to be the industry leader through a combination of organic growth and the acquisition of 71 businesses. From 1989 through 2024, Watsco has achieved a 19% compounded annual growth rate (CAGR) fo
MIAMI, April 09, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it has scheduled a conference call to discuss its 2025 first quarter results on Wednesday, April 23, 2025 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on February 18, 2025. A replay of the conference call will be available on our website. Investors and analysts are encouraged to pre-register for the conference
MIAMI, April 01, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc.'s (NYSE:WSO) Board of Directors has declared a regular quarterly cash dividend of $3.00 on each outstanding share of its Common and Class B common stock payable on April 30, 2025 to shareholders of record at the close of business on April 15, 2025. This marks an 11% increase to an annual rate of $12.00 per share. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting our continued confidence in our business, which is fundamentally supported by our strong balance sheet." Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is to sh
Boosts Annual Dividend 11% to $12.00 Per Share Entrepreneurial Culture, Transformational Technologies and Debt-Free Balance Sheet Continue to Produce Results and Provide Long-Term Opportunities MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) reported fourth quarter and full year 2024 results and provided commentary on current business trends, technology innovation and long-term growth drivers. Watsco also announced today an 11% increase to its annual dividend to $12.00 per share effective with its next regular dividend payment in April 2025. Watsco is the leading distributor in the HVAC/R marketplace, serving over 375,000 contractors, technicians and installers
MIAMI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved an 11% increase in its annual dividend to $12.00 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company's next quarterly dividend payment in April 2025. Albert H. Nahmad, Watsco's Chairman & CEO stated: "We are pleased to increase dividends to shareholders, reflecting the strength of our 2024 performance and our confidence in the prospects of our business, which is fundamentally supported by our strong balance sheet." Watsco has paid dividends to shareholders for 51 consecutive years. The Company's philosophy is
MIAMI, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that it has scheduled a conference call to discuss its 2024 fourth quarter performance and annual results on Tuesday, February 18, 2025 at 10:00 a.m. (ET). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on February 18, 2025. A replay of the conference call will be available on our website. Investors and analysts are encouraged to
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