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4-Traders Homepage  >  Equities  >  Nyse  >  Watsco Inc    WSO

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WATSCO : Declares Quarterly Dividend

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04/02/2012 | 01:35pm CEST

Regulatory News:

Watsco, Inc. (Paris: WSO)(NYSE: WSO) announced today that its Board of Directors has declared a regular quarterly cash dividend of 62 cents on each outstanding share of its Common and Class B common stock. The cash dividend is payable on April 30, 2012 to shareholders of record at the close of business on April 16, 2012.

Watsco improves indoor living and working environments with air conditioning and heating solutions that provide comfort regardless of the outdoor climate. Our solutions also promote healthier indoor spaces by removing pollutants from the indoor air that can lead to asthma, allergies and reductions in productivity. Furthermore, since heating and cooling accounts for approximately 56% of the energy consumed in a typical United States home, we offer consumers the greatest opportunity to save money on energy by replacing existing air conditioning and heating systems with more energy efficient and environmentally friendly solutions.

There are approximately 89 million central air conditioning and heating systems installed in the United States that have been in service for more than 10 years. Older systems often operate below today's government mandated energy efficiency and environmental standards. Watsco has an opportunity to accelerate the replacement of these systems at a scale greater than our competitors as the movement toward reducing energy consumption and its environmental impact continues. We operate from more than 540 locations in the United States, Mexico and Puerto Rico, with additional market coverage on an export basis to Latin America and the Caribbean. As the industry leader, significant growth potential remains given that our current revenue run-rate is approximately 10% of the estimated $30 billion United States market for HVAC/R products. Additional information about Watsco may be found at http://www.watsco.com.

Watsco, Inc.
Barry S. Logan, 305-714-4102
Senior Vice President
blogan@watsco.com


© Business Wire 2012
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Financials ($)
Sales 2017 4 405 M
EBIT 2017 365 M
Net income 2017 194 M
Debt 2017 142 M
Yield 2017 3,19%
P/E ratio 2017 25,16
P/E ratio 2018 22,61
EV / Sales 2017 1,21x
EV / Sales 2018 1,14x
Capitalization 5 174 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 154 $
Spread / Average Target 6,3%
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NameTitle
Albert H. Nahmad Chairman & Chief Executive Officer
Aaron J. Nahmad President & Director
Ana M. Menendez Chief Financial Officer & Treasurer
Steven Rupp Chief Technology Officer
Barry S. Logan Secretary, Director, SVP & IR Contact
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