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Watsco Inc (WSO)
:WSO
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.15Last Year’s EPS
2.06Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 2.94%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales performance, growth in e-commerce, and successful technology platforms. However, challenges with OEM partnerships and gross margin pressures were noted. The company's strong balance sheet supports optimism for future growth.Company Guidance
During the Watsco Q3 2024 earnings call, the company highlighted several key metrics indicating a strong performance and positive outlook. The third quarter saw record sales and net income, with October sales showing mid-single-digit growth driven by substantial unit growth. Annualized e-commerce sales reached $2.5 billion, and OnCall Air contractors generated $1.2 billion, marking a 22% increase over the previous year. The company also noted that ductless product sales were up double digits, while overall units were up 5% year-to-date. Watsco's balance sheet remains robust with no debt and strong cash flow, although inventory turnover is an area for improvement. The company is managing the transition to new federally mandated AQL systems, expected to drive future growth. Additionally, gross margins were slightly impacted by mix and co-investment with a major OEM partner, but the company maintains a medium-term gross margin target of 27%.Record Sales and Net Income
Watsco produced record sales and net income for the quarter, indicating strong financial performance.
Positive October Sales Growth
October sales were up mid-single digits, driven by meaningful unit growth.
E-commerce Growth
Annualized e-commerce sales reached $2.5 billion, with active users growing faster than non-users.
OnCall Air Platform Success
OnCall Air contractors presented to approximately 58,000 households, a 17% increase, generating $1.2 billion in sales, a 22% increase over last year.
Strong Balance Sheet
The company has a strong cash position and no debt, supporting potential investments.
Unit Growth in Ductless Products
Ductless products showed double-digit growth, contributing to overall unit growth of 5% year-to-date.
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WSO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WSO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $482.10 | $463.86 | -3.78% |
| Jul 30, 2024 | $498.16 | $475.87 | -4.47% |
| Apr 24, 2024 | $406.84 | $433.43 | +6.54% |
| Feb 13, 2024 | $401.10 | $375.46 | -6.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Watsco Inc (WSO) report earnings?
Watsco Inc (WSO) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Watsco Inc (WSO) earnings time?
Watsco Inc (WSO) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSO EPS forecast?
WSO EPS forecast for the fiscal quarter 2024 (Q4) is 2.15.
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