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, 2016, we operated from 565 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 88,000 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 $4.2 billion in 2016, 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
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
03/20164.970.85027.11
12/20154.900.85023.90
09/20154.840.70024.48

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.37Total Liab/Total Assets0.46
Net Inc/Total Assets0.10Total Liab/Inv Cap0.56
Net Inc/Inv Cap0.12Total Liab/Comm Equity1.74
Pretax Inc/Net Sales0.08Interest Coverage RatioNA
Net Inc/Net Sales0.04Curr Debt/Equity0.00
Cash Flow/Net Sales0.07LTD/Equity0.23
SG&A/NetSales0.16Total Debt/Equity0.23
Asset Utilization   Liquidity  
Net Receivables Turnover9.11Quick Ratio1.76
Inventory Turnover4.69Current Ratio3.94
Inventory Day Sales0.01Net Rec/Curr Assets0.38
Net Sales/Work Cap4.56Inv/Curr Assets0.55
Net Sales/PP&E46.64  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 1,275.92 872.10 913.61 1,241.23
Cost of Goods Sold 965.65 653.54 685.54 939.03
Selling & Admin Exps 180.93 169.86 170.00 182.90
Operating Income 129.35 48.70 58.07 119.30
Interest Exp NA NA NA NA
Pretax Income 127.70 47.44 57.40 118.30
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 73.76 26.18 29.55 63.10

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 51.03 47.42 56.01 35.91
Receivables - Total 613.19 481.60 475.97 548.00
Inventories - Total 770.01 751.51 685.01 739.72
Total Current Assets 1,451.74 1,300.50 1,240.16 1,349.01
Net Property, Plant & Equipment 92.26 90.53 90.50 59.73
Total Assets 2,154.42 1,935.28 1,874.65 1,957.60
Liabilities        
Accounts Payable 422.56 377.10 314.69 357.93
Debt in Current Liabilities 1.88 1.80 0.20 0.20
Total Current Liabilities 424.44 378.90 314.89 358.13
Long-Term Debt 379.54 280.60 235.64 219.79
Total Liabilities 1,135.75 956.94 868.82 918.58
Stockholder's Equity        
Minority Interest 261.70 229.88 245.92 267.32
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 21.03 21.02 20.95 20.93
Retained Earnings 575.58 539.28 550.48 558.24
Treasury Stock -114.43 -114.43 -114.43 -114.43
Total Stockholders' Equity 1,018.67 978.34 1,005.83 1,039.02
Total Liabilities and Stockholders' Equity 2,154.42 1,935.28 1,874.65 1,957.60

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities -2.08 34.32 131.46 104.37
Net Cash Provided by Investing Activities -69.71 -4.13 -34.52 -3.32
Net Cash Provided by Financing Activities 74.82 -38.93 -76.54 -95.70

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/20123,431.71103.332.70
12/20133,743.33127.723.68
12/20143,944.54151.394.32
12/20154,113.24172.934.90
12/20164,220.70182.815.15
Growth Rates5.3115.3317.52

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/1734729,52997.20




Report Date : 10/23/2017

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