02-26-2021, 09:50 AM
Watsco (NYSE:WSO): Q4 GAAP EPS of $1.14 beats by $0.13.
Revenue of $1.15B (+7.5% Y/Y) beats by $20M.
The company has approved a 10% increase in its annual dividend to $7.80/share which will be reflected in the company’s next regular dividend payment beginning in April 2021.
Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to increase dividends to our shareholders, which reflects our confidence in the business and is supported by our strong cash flow and balance sheet.”
Revenue of $1.15B (+7.5% Y/Y) beats by $20M.
The company has approved a 10% increase in its annual dividend to $7.80/share which will be reflected in the company’s next regular dividend payment beginning in April 2021.
Albert H. Nahmad, Watsco’s Chairman & CEO stated: “We are pleased to increase dividends to our shareholders, which reflects our confidence in the business and is supported by our strong cash flow and balance sheet.”