NYSE$WSO
Watsco Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Watsco reported a 1% increase in sales to a record $1.60 billion for Q4 2023, with EPS at $2.06.
Watsco's Q4 2023 results showed a 1% increase in sales, reaching a record $1.60 billion. EPS was reported at $2.06, compared to $3.55 in the previous year. The company experienced a 40% increase in operating cash flow, achieving a record $299 million.
- Sales increased by 1% to a record $1.60 billion.
- Operating cash flow increased by 40% to a record $299 million.
- EPS was $2.06, compared to $3.55 in the previous year.
- Gross profit was $414 million with a gross margin of 25.8%.
Headline financials
Revenue & EPS history
Watsco · Revenue · Quarterly
$1.6B
Forward guidance
Watsco is well-positioned with its entrepreneurial culture, OEM relationships, leading technologies, and financial strength to optimize opportunities from industry catalysts such as regulatory changes, electrification, and the growth of ductless HVAC systems.
Tailwinds
- Scale and entrepreneurial culture provide competitive advantages.
- Strong OEM relationships help optimize opportunities.
- Leading technologies enhance market position.
- Financial strength supports growth and investments.
- Benefiting from regulatory changes and industry catalysts.
Headwinds
- Softer market conditions compared to previous years.
- Decline in OEM shipments of unitary HVAC systems.
- Seasonality affects financial results.
- Competitive conditions within the industry.
- Potential impacts from economic and regulatory factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+0.2%
Avg return
Earnings day
-0.4%
Avg return
5 days after
+0.8%
Avg return
30 days after
57%
39 / 68 earnings
Positive
+15.3%
Q2 2020
Best reaction
-11.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | -6.2% | -20.2% | |
| Q4 2025 | +1.0% | -1.9% | -8.3% | |
| Q3 2025 | +2.9% | +0.8% | -3.3% | |
| Q1 2025 | -11.3% | -9.4% | -9.5% | |
| Q4 2024 | +9.7% | +3.1% | +3.9% | |
| Q3 2024 | -1.3% | -1.0% | +14.4% | |
| Q2 2024 | -2.8% | -7.2% | -7.3% | |
| Q1 2024 | +7.4% | +8.3% | +18.4% | |
| Q4 2023 | -5.5% | -7.1% | -3.2% | |
| Q3 2023 | -5.6% | -5.7% | +5.9% | |
| Q2 2023 | -4.9% | -4.9% | -3.6% | |
| Q1 2023 | +6.9% | +9.3% | +6.3% | |
| Q4 2022 | +5.3% | -0.4% | -3.8% | |
| Q3 2022 | +0.8% | +5.6% | +11.7% | |
| Q2 2022 | +0.7% | +8.3% | +15.3% | |
| Q1 2022 | +1.5% | -0.7% | -13.9% | |
| Q4 2021 | -4.8% | -4.9% | +3.0% | |
| Q3 2021 | +4.0% | +2.5% | +5.6% | |
| Q2 2021 | +4.8% | -0.2% | -2.4% | |
| Q1 2021 | +2.6% | +3.5% | -0.3% | |
| Q4 2020 | -1.4% | -3.0% | -1.4% | |
| Q3 2020 | +3.4% | -0.2% | +2.0% | |
| Q2 2020 | +15.3% | +14.8% | +21.9% | |
| Q1 2020 | +7.6% | +10.4% | +11.1% | |
| Q4 2019 | -1.3% | -2.3% | -6.8% | |
| Q3 2019 | +4.7% | +6.9% | +8.5% | |
| Q2 2019 | -2.7% | +0.6% | -0.1% | |
| Q1 2019 | +6.0% | +5.5% | +3.9% | |
| Q4 2018 | -6.3% | -5.5% | -8.6% | |
| Q3 2018 | -5.2% | -8.3% | -3.1% | |
| Q2 2018 | -9.0% | -7.4% | -4.1% | |
| Q1 2018 | -10.0% | -9.3% | -2.4% | |
| Q4 2017 | -3.8% | -3.8% | +2.8% | |
| Q3 2017 | +1.7% | +1.3% | +0.8% | |
| Q2 2017 | -0.4% | +0.8% | -3.8% | |
| Q1 2017 | +0.4% | -0.5% | +1.4% | |
| Q4 2016 | -5.1% | -2.5% | -5.1% | |
| Q3 2016 | -5.0% | -4.1% | +3.5% | |
| Q2 2016 | +0.3% | +0.8% | +2.7% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | +12.0% | — | — | |
| Q3 2015 | -8.6% | — | — | |
| Q2 2015 | -1.4% | — | — | |
| Q1 2015 | -2.9% | — | — | |
| Q4 2014 | +6.5% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | -5.4% | — | — | |
| Q1 2014 | +5.1% | — | — | |
| Q4 2013 | +0.2% | — | — | |
| Q3 2013 | -1.0% | — | — | |
| Q2 2013 | +1.6% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | +4.0% | — | — | |
| Q3 2012 | -0.7% | — | — | |
| Q2 2012 | -10.7% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q4 2011 | +0.0% | — | — | |
| Q3 2011 | -2.1% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q2 2010 | +1.8% | — | — | |
| Q4 2010 | +1.8% | — | — | |
| Q3 2010 | +0.4% | — | — | |
| Q3 2009 | +0.4% | — | — | |
| Q4 2008 | +2.3% | — | — | |
| Q2 2009 | +2.3% | — | — | |
| Q4 2009 | +2.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro