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Watsco ( (WSO) ) has issued an update.
On February 18, 2025, Watsco announced an 11% increase in its annual dividend to $12.00 per share, highlighting its strong financial performance in the fourth quarter of 2024. The company reported a 9% increase in sales to a record $1.75 billion, expanded margins, and record cash flow. Watsco’s strategic investment in digital platforms has driven higher sales growth and customer acquisition, positioning it well for future growth in the $74 billion HVAC/R distribution market. The company’s leadership is optimistic about continued growth, driven by technology adoption and a transition to A2L products.
More about Watsco
Watsco, Inc. is a leading distributor in the HVAC/R marketplace, servicing over 375,000 contractors, technicians, and installers annually across the U.S., Canada, and Latin America. The company focuses on leveraging technology to improve the customer experience and operational efficiency, with a strong financial position characterized by a debt-free balance sheet and significant cash reserves.
YTD Price Performance: 2.63%
Average Trading Volume: 209,741
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $19.53B
See more data about WSO stock on TipRanks’ Stock Analysis page.
