“The outstanding level of cash flow during the fourth quarter again demonstrates the safety and efficiency of our business from a cash flow perspective during a period of weaker sales. We are also glad to again raise our dividend so shareholders can continue to meaningfully participate in the Company’s success,” Mr. Nahmad said.At December 31, 2011, cash and cash equivalents were $16 million and borrowings were $20 million for a “net debt” position near zero. The Company’s debt-to-total-capitalization ratio is a conservative 2%.
Watsco’s Fourth Quarter EPS Gains 26% To 39 Cents
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