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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 2,139,328 $ 2,003,084 $ 3,704,319 $ 3,553,725
Cost of sales 1,559,568 1,440,462 2,693,934 2,542,946
Gross profit 579,760 562,622 1,010,385 1,010,779
Selling, general and administrative expenses 319,029 304,155 628,577 591,212
Other income 8,072 7,238 13,532 10,878
Operating income 268,803 265,705 395,340 430,445
Interest (income) expense, net (4,913) 3,415 (7,383) 4,030
Income before income taxes 273,716 262,290 402,723 426,415
Income taxes 59,065 56,887 83,810 90,641
Net income 214,651 205,403 318,913 335,774
Less: net income attributable to non-controlling interest 33,241 32,639 50,499 52,937
Net income attributable to Watsco, Inc. $ 181,410 $ 172,764 $ 268,414 $ 282,837
Earnings per share for Common and Class B common stock:        
Basic $ 4.5 $ 4.43 $ 6.71 $ 7.27
Diluted $ 4.49 $ 4.42 $ 6.69 $ 7.25