Watsco Achieved Record Sales, Maintained Solid Balance Sheet and Progressed With its Innovative Technologies
Watsco, Inc. (WSO)
Last watsco, inc. earnings: 4/23 07:30 am
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US:NYSE Investor Relations:
watsco.com
Company Research
Source: GlobeNewswire
MIAMI, April 23, 2020 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported results for the quarter ended March 31, 2020 and provided commentary on its financial strength, culture of innovation and other important aspects of its business. Financial Strength & Liquidity Watsco has a solid balance sheet with little debt. At March 31, 2020, the Company had $51 million in cash, $156 million in borrowings drawn from its $560 million credit facility and $1.7 billion of shareholders’ equity. The Company believes this financial strength, its current highly-conservative leverage ratios, access to low-cost capital and its historical ability to generate cash flow provides comfort and confidence to customers, employees and OEM partners as well as affording Watsco the capacity to invest in almost any size opportunity. As an historical example, Watsco nearly doubled the size of its business during the 2009 recession through the creation of Carrier Enterprise, a strategic joint vent
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WSO
News
- Why Is Watsco (WSO) Up 7.8% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Watsco, Inc.'s (NYSE:WSO) Stock Is Going Strong: Is the Market Following Fundamentals? [Yahoo! Finance]Yahoo! Finance
- This Top Vanguard ETF and Its 1,413 Holdings Are Ready for a Rebound. Here's Why. [Yahoo! Finance]Yahoo! Finance
- Watsco First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Watsco, Inc. (NYSE: WSO) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $500.00 price target on the stock.MarketBeat
WSO
Earnings
- 4/24/24 - Miss
WSO
Sec Filings
- 5/14/24 - Form 4
- 5/13/24 - Form 4
- 5/8/24 - Form 4
- WSO's page on the SEC website