Company Quick10K Filing
Watsco
10-Q 2020-03-31 Filed 2020-05-07
10-K 2019-12-31 Filed 2020-02-28
10-Q 2019-09-30 Filed 2019-11-01
10-Q 2019-06-30 Filed 2019-08-08
10-Q 2019-03-31 Filed 2019-05-09
10-K 2018-12-31 Filed 2019-02-28
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-03
10-K 2017-12-31 Filed 2018-03-01
10-Q 2017-09-30 Filed 2017-11-07
10-Q 2017-06-30 Filed 2017-07-28
10-Q 2017-03-31 Filed 2017-05-05
10-K 2016-12-31 Filed 2017-02-21
10-Q 2016-09-30 Filed 2016-11-03
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-11-05
10-Q 2015-06-30 Filed 2015-08-06
10-Q 2015-03-31 Filed 2015-05-07
10-K 2014-12-31 Filed 2015-02-24
10-Q 2014-09-30 Filed 2014-11-04
10-Q 2014-06-30 Filed 2014-08-01
10-Q 2014-03-31 Filed 2014-05-01
10-K 2013-12-31 Filed 2014-02-27
10-Q 2013-09-30 Filed 2013-11-01
10-Q 2013-06-30 Filed 2013-08-02
10-Q 2013-03-31 Filed 2013-04-30
10-K 2012-12-31 Filed 2013-02-28
10-Q 2012-09-30 Filed 2012-11-08
10-Q 2012-06-30 Filed 2012-08-09
10-Q 2012-03-31 Filed 2012-05-09
10-Q 2011-09-30 Filed 2011-11-08
10-Q 2011-06-30 Filed 2011-08-09
10-Q 2011-03-31 Filed 2011-05-10
10-K 2010-12-31 Filed 2011-03-01
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-06
10-Q 2010-03-31 Filed 2010-05-07
10-K 2009-12-31 Filed 2010-02-26
8-K 2020-04-23 Earnings, Regulation FD, Exhibits
8-K 2020-04-10 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-02-13 Earnings, Regulation FD, Exhibits
8-K 2019-10-17 Earnings, Regulation FD, Exhibits
8-K 2019-08-01 Sale of Shares, Other Events, Exhibits
8-K 2019-07-18 Earnings, Regulation FD, Exhibits
8-K 2019-06-03 Shareholder Vote
8-K 2019-04-23 Earnings, Regulation FD, Exhibits
8-K 2019-04-01 Officers
8-K 2019-02-14 Earnings, Regulation FD, Exhibits
8-K 2018-12-11 Officers
8-K 2018-12-05 Enter Agreement, Leave Agreement, Off-BS Arrangement, Exhibits
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-07-25 Earnings, Regulation FD, Exhibits
8-K 2018-06-04 Shareholder Vote
8-K 2018-04-24 Earnings, Regulation FD, Exhibits
8-K 2018-03-13 Officers
8-K 2018-02-05 Enter Agreement, Earnings, Regulation FD, Exhibits

Watsco Financials

WSO Metrics, Comps, Filings

Quarterly | Annual

Business

Watsco, Inc. and its subsidiaries (collectively, "Watsco," or "we," "us," or "our") was incorporated in Florida in 1956 and is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies ("HVAC/R") in the HVAC/R distribution industry in North America. At December 31, 2018, we operated from 571 locations in 37 U.S. States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to portions of Latin America and the Caribbean, through which we serve approximately 90,000 active contractors and dealers that service the replacement and

new construction markets. Our revenues in HVAC/R distribution have increased from $64.1 million in 1989 to $4.5 billion in 2018, resulting from our strategic acquisition of companies with established market positions and subsequent building of revenues and profit through a combination of additional locations, introduction of new products, and other initiatives.

Our principal executive office is located at 2665 South Bayshore Drive, Suite 901, Miami, Florida 33133, and our telephone number is (305) 714-4100. Our website address on the Internet is www.watsco.com and e-mails may be sent to info@watsco.com. Our website address is included in this report only as an inactive textual reference. Information contained on, or available through, our website is not incorporated by reference in, or made a part of, this report.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Cognex (CGNX) 9,819 74% 47.8 11% 1,886 530 726 536 204 188 8,974
Nordson (NDSN) 8,323 54% 16.8 10% 3,516 1,935 2,194 1,192 337 562 9,450
Sensata Technologies (ST) 8,041 35% 13.9 7% 6,844 4,241 3,452 1,197 483 756 10,543
Woodward (WWD) 6,956 24% 14.7 7% 3,957 2,230 2,900 708 260 526 7,722
Owens Corning (OC) 6,662 23% 8.7 5% 9,955 5,472 7,192 1,637 504 1,130 9,807
Middleby (MIDD) 6,540 37% 15.0 7% 4,929 3,072 2,928 1,094 338 560 8,412
Pentair (PNR) 6,413 36% 16.4 9% 4,080 2,212 2,942 1,045 351 454 7,429
Gardner Denver Holdings (GDI) 5,994 37% 31.0 3% 4,554 2,763 1,846 686 133 232 7,189
AGCO (AGCO) 5,873 23% 12.0 3% 8,079 5,040 6,528 1,471 214 575 6,924
Watsco (WSO) 5,841 24% 16.5 11% 2,693 1,250 4,689 1,146 291 370 6,109
BWX Technologies (BWXT) 5,601 21% 19.5 11% 1,826 1,472 1,872 394 205 330 6,431
Curtiss Wright (CW) 5,576 36% 13.2 9% 3,482 1,781 2,481 894 301 461 6,085
Lincoln Electric (LECO) 5,482 34% 16.4 10% 2,361 2,120 3,011 1,017 229 368 6,058
MKS Instruments (MKSI) 5,128 44% 18.1 5% 3,355 1,381 1,861 824 169 309 5,616
Brunswick (BC) 4,412 27% 74.3 -4% 3,654 2,236 4,665 1,259 -155 70 5,185
MSC Industrial Direct (MSM) 3,971 43% 9.0 13% 2,324 870 3,359 1,438 295 498 4,463
Nvent Electric (NVT) 3,806 39% 13.9 5% 4,636 2,070 2,205 865 244 352 4,913
GrafTech (EAF) 3,715 59% 5.2 44% 1,826 2,433 1,909 1,124 799 1,035 5,370
Esterline Technologies (ESL) 3,625 34% 11.9 5% 3,017 1,171 2,038 684 138 325 3,881
Rexnord (RXN) 3,539 39% 11.8 5% 3,311 1,990 2,052 796 176 382 4,499

Balance Sheet ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash881001263619211618354674222629191917172416222935333136564751678058726883775660
Accounts Receivable386338305283435405328339510456378381526466400395550503434436599510451464607548476482613568478487660603502505655641
Inventory523457392503613540465532672618546647692644583708760730678801799752674746749740685752770786761810873811837894967970
PP&E313131303637111414343125434445136444545150536163167626060204919291214909191223939698
Assets1,4181,3171,2371,2361,5181,4321,2681,3511,8951,8001,6821,7271,9131,8181,6701,7771,9911,9051,7911,8902,0671,9291,7881,8772,0201,9581,8751,9352,1542,1482,0472,0762,3262,2312,1612,3992,6322,693
Accounts Payable345236182213349171127182272220185218243198141261269224173238243201145223273230185260286296230245358234200279356311
Long-Term Debt212310246502362023163223982852312273503531111100023628138028522911420136264351329
Liabilities6665504734747306274655559888749349721,1189798299321,0961,0249071,0101,1419748319091,0169198699571,1361,0967497849978648131,0641,2771,250
Stockholders' Equity7517677647627888058037969079257487557958398408458958818848799269559579681,0031,0391,0069781,0191,0521,2981,2931,3281,3671,3481,3351,3561,443
Income Statement ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue8658136575348849146466341,0121,0217667141,1201,0828277631,1701,1358778091,2231,1779048511,2141,2419148721,2761,2309649271,3331,2969919311,3721,395
Cost of Revenue6646175033996706954854837737785835388548236295748918606626059288916826399239396866549669347236961,0129777426981,0441,060
Gross Profit201196154135213219161151238243183175267259199188279275214204295286222212292302228219310296241231321319250234328335
R&D
SG&A130132132118138145128131153157149145162163158153166170162157170175168162174183170170181184181179187200180197213
Tax2220652221962425983128111033331614393517163538181437327112824112524
Net Income4844101152521313616015217366172478712431847526348181303491804342108974044108100
Cash Flow ($MM)2010-06-302010-09-302010-12-312011-03-312011-06-302011-09-302011-12-312012-03-312012-06-302012-09-302012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating4056-453-161209-69124109-17-591289925107103-17-5717412242010413134-2152122-42895316129
Cash Investing-3-3-2-39-12-3-4-85-5249-3-4-4-4-2-3-10-3-11-6-3-3-2-3-35-4-70-3-4-3-14-4-27-34
Cash Financing-25-27-442031-122-3171-61-130-3167-121-104-23-104-851274-161-111-42-0-96-77-3975-134-10423-81-55-10-90