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    Watsco Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure

    2/18/25 7:30:16 AM ET
    $WSO.B
    Get the next $WSO.B alert in real time by email
    8-K
    WATSCO INC false 0000105016 0000105016 2025-02-18 2025-02-18 0000105016 us-gaap:CommonStockMember 2025-02-18 2025-02-18 0000105016 us-gaap:CommonClassBMember 2025-02-18 2025-02-18

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report (Date of earliest event reported) February 18, 2025

     

     

     

    LOGO

    WATSCO, INC.

    (Exact name of registrant as specified in its charter)

     

     

     

    Florida   1-5581   59-0778222
    (State or other jurisdiction
    of incorporation)
     

    (Commission

    File Number)

      (IRS Employer
    Identification No.)

     

    2665 South Bayshore Drive, Suite 901

    Miami, Florida

      33133
    (Address of principal executive offices)   (Zip Code)

    Registrant’s telephone number, including area code: (305) 714-4100

    N/A

    (Former name or former address, if changed since last report)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d- 2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading
    Symbols

     

    Name of each exchange

    on which registered

    Common stock, $0.50 par value   WSO   New York Stock Exchange
    Class B common stock, $0.50 par value   WSOB   New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Item 2.02.

    Results of Operations and Financial Condition

    On February 18, 2025, Watsco, Inc., a Florida corporation (the “Company”), issued a press release reporting its financial results for the quarter and year ended December 31, 2024. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is hereby incorporated by reference in this Item 2.02.

     

    Item 7.01.

    Regulation FD Disclosure

    The information set forth in Item 2.02 of this Current Report on Form 8-K is incorporated by reference in this Item 7.01.

    On February 18, 2025, the Company issued a press release announcing an 11% increase in its annual dividend rate to $12.00 per share on each outstanding share of its Common and Class B common stock. A copy of the Company’s press release is attached hereto as Exhibit 99.2 and is hereby incorporated by reference in this Item 7.01.

    The information contained in this Current Report on Form 8-K, including Exhibit 99.1 and Exhibit 99.2 attached hereto, shall be deemed “furnished” and not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any Company filing under the Securities Act of 1933, as amended.

     

    Item 9.01.

    Financial Statements and Exhibits

    (d) Exhibits

     

    Exhibit

    Number

      

    Description

    99.1    Press release dated February 18, 2025 issued by Watsco, Inc.
    99.2    Press release dated February 18, 2025 issued by Watsco, Inc.
    104    Cover Page Interactive Date File (embedded within the Inline XBRL document)


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

        WATSCO, INC.
    Dated: February 18, 2025     By:  

    /s/ Ana M. Menendez

          Ana M. Menendez,
          Chief Financial Officer
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