Watsco Q3 Profit Rises, But Misses Estimates; Boosts Dividend 11%

RTTNews | 924 days ago
Stocktwits
Watsco Q3 Profit Rises, But Misses Estimates; Boosts Dividend 11%

(RTTNews) - Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Thursday reported an increase in third-quarter earnings allocated to shareholders to a record of $143.27 million or $4.03 per share from $128.30 million or $3.62 per share in the prior-year quarter.

Revenues for the quarter grew 14 percent to a record of $2.04 billion from $1.78 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $4.35 per share on revenues of $2.04 billion for the quarter. Analysts' estimates typically exclude special items.

Watsco also announced that its Board of Directors approved an 11 percent increase in its annual dividend to $9.80 per share on each outstanding share of its Common and Class B common stock to be reflected in the Company's quarterly dividend payment in January 2023.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: WSO
Stocktwits
read more
Watsco Q2 Results Miss Estimates

Watsco Q2 Results Miss Estimates

Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Tuesday reported that earnings allocated to shareholders for the second quarter grew to $168.80 million or $4.49 per share from $160.85 million or $4.42 per share in the prior-year quarter.
RTTNews | 275 days ago
Watsco Q2 Results Misses Estimates - Update

Watsco Q2 Results Misses Estimates - Update

Watsco, Inc. (WSO), a distribution network for heating, air conditioning and refrigeration products, on Tuesday reported that earnings allocated to shareholders for the second quarter declined to $160.85 million or $4.42 per share from $174.99 million or $4.93 per share in the prior-year quarter.
RTTNews | 639 days ago
UK Market Ends Slightly Up

UK Market Ends Slightly Up

On a day in which most of the markets across Europe remained closed for Labor Day holiday, the UK market, where trading was on, ended marginally up on Thursday, extending its gains to a 13th straight session.
RTTNews | 5h 2min ago
Canadian Market Retreats After Recovering From Early Drop

Canadian Market Retreats After Recovering From Early Drop

The Canadian market is modestly higher around noon on Thursday with shares from energy and technology sectors posting strong gains. A sell-off in materials section is limiting market's upside. The mood in the market is quite cautious amid concerns about global economic growth.
RTTNews | 5h 43min ago
U.S. Construction Spending Unexpectedly Falls 0.5% In March

U.S. Construction Spending Unexpectedly Falls 0.5% In March

Construction spending in the U.S. unexpectedly decreased in the month of March, the Commerce Department revealed in a report released on Thursday. The Commerce Department said construction spending fell by 0.5 percent to an annual rate of $2.196 trillion in March after climbing by 0.6 percent to a revised rate of $2.207 trillion in February.
RTTNews | 7h 26min ago
U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

U.S. Manufacturing Index Dips Slightly Further Into Contraction Territory In April

The Institute for Supply Management released a report on Thursday showing a slight decrease by its reading on U.S. manufacturing activity in the month of April. The ISM said its manufacturing PMI edged down to 48.7 in April after slipping to 49.0 in March, with a reading below 50 indicating contraction. Economists had expected the index to dip to 48.0.
RTTNews | 7h 39min ago
U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

U.S. Jobless Claims Rise Much More Than Expected To Two-Month High

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended April 26th. The Labor Department said initial jobless claims climbed to 241,000, an increase of 18,000 from the previous week's revised level of 223,000.
RTTNews | 7h 51min ago
Tools
Economic Calendar
Market Hours
Interest Rates
Holidays Calendar
Forex Market
Forex Volatility
Forex Correlation
Forex News
forex analysis
COT Data
Liquidity
Forex Calculators
Forex Heat Map
Indicators Heatmap
Community
Community
Systems
Most Popular Systems
Strategies
Contests
Forex Charts
Forex Sentiment
Sentiment Indicator
Reviews
Brokers
Prop Trading Firms
VPS Services
Signal Providers
EA Programming Services
Affiliate Programs
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Crypto Exchanges
Trading Courses
Brokers
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions Press Release
Platform
Widgets
Features
API
RSS
Stock Portfolio
Affiliate Software
Advanced Charts
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2025 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.