EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2025

The following table presents the calculation of basic and diluted earnings per share for our com

mon

stock:


	Quarter Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Basic Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	183,613	$	181,410	$	263,674	$	268,414
Less: distributed and undistributed earnings allocated to restricted common stock		12,166		12,623		17,413		18,802

Earnings allocated to Watsco, Inc. shareholders	$	171,447	$	168,787	$	246,261	$	249,612


Weighted-average common shares outstanding - Basic		37,825,623		37,512,105		37,789,116		37,193,827
Basic earnings per share for common stock	$	4.53	$	4.50	$	6.52	$	6.71
Allocation of earnings for Basic:
Common stock	$	156,301	$	154,282	$	224,485	$	227,977
Class B common stock		15,146		14,505		21,776		21,635

	$	171,447	$	168,787	$	246,261	$	249,612

Diluted Earnings per Share:
Net income attributable to Watsco, Inc. shareholders	$	183,613	$	181,410	$	263,674	$	268,414
Less: distributed and undistributed earnings allocated to restricted common stock		12,159		12,608		17,409		18,788

Earnings allocated to Watsco, Inc. shareholders	$	171,454	$	168,802	$	246,265	$	249,626


Weighted-average common shares outstanding - Basic		37,825,623		37,512,105		37,789,116		37,193,827
Effect of dilutive stock options		73,807		115,532		87,354		119,766

Weighted-average common shares outstanding - Diluted		37,899,430		37,627,637		37,876,470		37,313,593

Diluted earnings per share for common stock	$	4.52	$	4.49	$	6.50	$	6.69

Anti-dilutive stock options not included above		42,628		25,421		25,060		27,455