| EARNINGS PER SHARE |
The following table presents the calculation of basic and diluted earnings per share for our com
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Quarter Ended
June 30, |
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Six Months Ended
June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Basic Earnings per Share: |
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Net income attributable to Watsco, Inc. shareholders |
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$ |
181,410 |
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$ |
268,414 |
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Less: distributed and undistributed earnings allocated to restricted common stock |
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12,623 |
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18,802 |
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Earnings allocated to Watsco, Inc. shareholders |
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$ |
168,787 |
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$ |
249,612 |
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Weighted-average common shares outstanding - Basic |
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37,512,105 |
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37,193,827 |
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Basic earnings per share for common stock |
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$ |
4.50 |
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$ |
6.71 |
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Allocation of earnings for Basic: |
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$ |
154,282 |
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$ |
227,977 |
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14,505 |
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21,635 |
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$ |
168,787 |
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$ |
249,612 |
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Diluted Earnings per Share: |
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Net income attributable to Watsco, Inc. shareholders |
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$ |
181,410 |
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$ |
268,414 |
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Less: distributed and undistributed earnings allocated to restricted common stock |
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12,608 |
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18,788 |
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Earnings allocated to Watsco, Inc. shareholders |
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$ |
168,802 |
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$ |
249,626 |
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Weighted-average common shares outstanding - Basic |
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37,512,105 |
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37,193,827 |
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Effect of dilutive stock options |
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115,532 |
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119,766 |
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Weighted-average common shares outstanding - Diluted |
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37,627,637 |
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37,313,593 |
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Diluted earnings per share for common stock |
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$ |
4.49 |
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$ |
6.69 |
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Anti-dilutive stock options not included above |
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25,421 |
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27,455 |
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Diluted earnings per share for our Common stock assumes the conversion of all our Class B common stock into Common stock as of the beginning of the fiscal year; therefore, no allocation of earnings to Class B common stock is required. At June 30, 2025 and 2024, our outstanding Class B common stock was convertible into 3,341,536 and 3,223,761 shares of our Common stock, respectively.
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