Watsco Reports Strong Q4 and FY2023 Results
COCONUT GROVE, Fla., March 7, 2023 – Watsco Inc. (WSO.B) today announced financial results for the fourth quarter and fiscal year 2023.
Q4 Highlights:
* Net income: $96.8 million
* Earnings per share: $2.37
* Revenue: $1.75 billion
FY2023 Highlights:
* Net income: $536.3 million
* Earnings per share: $13.30
* Revenue: $7.62 billion
Watsco, a leading distributor of heating, ventilation, and air conditioning (HVAC) products, attributed its growth to increased demand and successful execution of its strategic initiatives. The company noted strong performance in residential and commercial construction markets.
"We are pleased with the record results achieved in both Q4 and FY2023," said Albert H. Nahmad, Watsco's Chairman and CEO. "Our team's unwavering commitment to operational excellence and customer satisfaction has driven this performance."
Investors can access a Zacks stock report on WSO.B at https://www.zacks.com/ap/WSO.B