Watsco Reports Q4 2024 EPS of $2.37, Revenue of $1.75B, Net Income $96.84M, and 11% Dividend Increase

Watsco Inc. (NYSE: WSO) reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) of $2.37, surpassing the estimate of $2.16. The company's revenue reached $1.75 billion, exceeding expectations of $1.66 billion. Net income for the quarter was $96.84 million, reflecting a 17% increase year-over-year. The results were driven by robust demand for HVAC equipment and increased digital adoption. Additionally, Watsco announced an 11% dividend increase and has delivered a 19% compound total shareholder return over the past 35 years. The stock rose by 5% in pre-market trading following the announcement.