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Condensed Consolidated Unaudited Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 2,160,036 $ 2,126,845 $ 5,864,355 $ 5,680,570
Cost of sales 1,593,792 1,559,900 4,287,726 4,102,846
Gross profit 566,244 566,945 1,576,629 1,577,724
Selling, general and administrative expenses 326,373 319,834 954,950 911,046
Other income 10,376 9,506 23,908 20,384
Operating income 250,247 256,617 645,587 687,062
Interest (income) expense, net (6,773) 1,890 (14,156) 5,920
Income before income taxes 257,020 254,727 659,743 681,142
Income taxes 55,373 54,103 139,183 144,744
Net income 201,647 200,624 520,560 536,398
Less: net income attributable to non-controlling interest 30,616 29,671 81,115 82,608
Net income attributable to Watsco, Inc. $ 171,031 $ 170,953 $ 439,445 $ 453,790
Earnings per share for Common and Class B common stock:        
Basic $ 4.24 $ 4.36 $ 10.95 $ 11.64
Diluted $ 4.22 $ 4.35 $ 10.92 $ 11.6