Company Information

  

Address: 2665 S BAYSHORE DR
STE 901 
City: COCONUT GROVE 
State: FL 
Zip Code: 33133 
Telephone: 305-714-4100 

Description of Business

Primary SIC Code: 5070
(As filed with the SEC)  

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, 2017, we operated from 560 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 $4.3 billion in 2017, 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.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
03/20185.991.45030.21
12/20175.811.25029.27
09/20175.451.25029.55
06/20175.411.25028.50
03/20170.811.050176.76
12/20165.151.05028.76
09/20165.061.05027.85
06/20164.930.85028.54

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.28Total Liab/Total Assets0.37
Net Inc/Total Assets0.10Total Liab/Inv Cap0.46
Net Inc/Inv Cap0.13Total Liab/Comm Equity1.02
Pretax Inc/Net Sales0.08Interest Coverage RatioNA
Net Inc/Net Sales0.05Curr Debt/Equity0.00
Cash Flow/Net Sales0.07LTD/Equity0.02
SG&A/NetSales0.16Total Debt/Equity0.02
Asset Utilization   Liquidity  
Net Receivables Turnover9.10Quick Ratio1.38
Inventory Turnover4.53Current Ratio3.21
Inventory Day Sales0.01Net Rec/Curr Assets0.36
Net Sales/Work Cap4.71Inv/Curr Assets0.57
Net Sales/PP&E47.61  

Income Statement (Millions)

  3/31/2018 12/31/2017 9/30/2017 6/30/2017
Total Revenues(Net Sales) 926.58 964.35 1,229.59 1,275.92
Cost of Goods Sold 695.74 723.42 933.70 965.65
Selling & Admin Exps 176.90 179.56 181.43 180.93
Operating Income 53.94 61.37 114.46 129.35
Interest Exp NA NA NA NA
Pretax Income 53.37 60.02 112.34 127.70
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 34.22 43.26 65.03 73.76

Balance Sheet (Millions)

Assets 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Cash & Short Term Investments 58.07 80.50 66.67 51.03
Receivables - Total 486.65 478.13 568.46 613.19
Inventories - Total 810.02 761.31 786.06 770.01
Total Current Assets 1,371.72 1,337.40 1,438.94 1,451.74
Net Property, Plant & Equipment 90.24 91.20 91.48 92.26
Total Assets 2,076.28 2,046.88 2,148.22 2,154.42
Liabilities        
Accounts Payable 377.50 416.23 460.16 422.56
Debt in Current Liabilities 0.24 0.24 0.24 1.88
Total Current Liabilities 377.73 416.48 460.40 424.44
Long-Term Debt 91.23 22.09 285.05 379.54
Total Liabilities 783.56 748.92 1,096.08 1,135.75
Stockholder's Equity        
Minority Interest 256.91 253.02 279.90 261.70
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 21.12 21.05 21.04 21.03
Retained Earnings 581.89 594.56 595.98 575.58
Treasury Stock -87.44 -87.44 -113.80 -114.43
Total Stockholders' Equity 1,292.71 1,297.95 1,052.14 1,018.67
Total Liabilities and Stockholders' Equity 2,076.28 2,046.88 2,148.22 2,154.42

Cash Flow Summary (Millions)

Categories 3/31/2018 12/31/2017 9/30/2017 6/30/2017
Net Cash Provided by Operating Activities -41.61 121.82 152.47 -2.08
Net Cash Provided by Investing Activities -3.43 -4.02 -3.45 -69.71
Net Cash Provided by Financing Activities 23.34 -103.86 -134.17 74.82

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20133,743.33127.723.68
12/20143,944.54151.394.32
12/20154,113.24172.934.90
12/20164,220.70182.815.15
12/20174,341.96208.225.81
Growth Rates3.7813.0012.09

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/1838631,10997.09




Report Date : 7/9/2018

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