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Watsco WSO Distributions to noncontrolling interests

Distributions to noncontrolling interests at other companies

Trane Technologies logo
Trane TechnologiesTT
$3.7M-51.3%
Carrier Global logo
Carrier GlobalCARR
$64M+611%
CSW Industrials logo
CSW IndustrialsCSW
$500K
Worthington Enterprises logo
Worthington EnterprisesWOR
$1.92M
Modine Manufacturing logo
Modine ManufacturingMOD
$1.1M
Mueller Industries logo
Mueller IndustriesMLI
$190K

Other financials

Income statement

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Revenue$2.1B+2.1%
Gross profit$578.9M-4.1%
Operating income$238.4M-12.3%
Net income$163.3M-11.0%
EPS (diluted)$4.00-11.5%

Balance sheet

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Cash & equivalents$364.2M+24.3%
Total debt$535.3M+14.3%
Total equity$3.0B+8.5%
Total assets$5.1B+7.5%

Cash flow

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Operating cash flow-$2.5M+66.0%
CapEx$9.0M+31.5%
Free cash flow-$11.5M+19.3%

Valuation

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Market cap$13.72B-19.0%
Enterprise value$13.89B-18.8%
P/E28.8×-3.0×
P/S1.9×-0.4×

Profitability

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Gross margin27.5%0.0pp
Operating margin9.4%-0.9pp
Net margin6.5%-0.5pp
FCF margin9.6%+4.3pp

Returns & leverage

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Return on equity16.5%-3.3pp
Debt / equity0.2×0.0×
Current ratio3.2×+0.1×

Where this comes from

Reported directly by Watsco in its filing.

Tagged under the XBRL concept us-gaap:PaymentsOfDividendsMinorityInterest.

The source filing: Watsco’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-340204
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Dividends on common stock(255,920)(230,497)
Net repayments of finance lease liabilities(2,398)(3,110)
Repurchases of common stock to satisfy employee withholding tax obligations(1,403)
Distributions to non-controlling interest(69,829)
Proceeds from non-controlling interest for investment in W.L. Lashley & Associates, Inc.999
Proceeds from dividend reinvestment plan8,10714,111
Proceeds from issuances of Common stock under employee related plans14,25414,093
Net cash used in financing activities(237,360)(274,233)

ITEM 1. CONDENSED CONSOLIDATED UNAUDITED FINANCIAL STATEMENTS

FAQ

What is Watsco's distributions to noncontrolling interests?
Watsco (WSO) reported distributions to noncontrolling interests of $0 in Q2 2026.
What is the long-term trend for Watsco's distributions to noncontrolling interests?
Over 3 years (2021 to 2024), Watsco's distributions to noncontrolling interests has grown at a -100.0% compound annual growth rate (CAGR), from $61.98M to $0.
What does distributions to noncontrolling interests mean?
Cash distributions paid to minority interest holders from subsidiaries not fully owned by the parent.

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