Watsco Q2 FY26 net income attributable to company drops 11% to USD 164.8 million; revenue rises 2% to USD 2.1 billion

(AWP Alliance News) - Watsco posted second-quarter revenue of USD 2.1 billion, up 2%, while net income attributable to shareholders fell 11%. Gross margin narrowed 1.8 percentage points to 27.5%, pushing operating margin down 1.9 percentage points to 11.3%.

Selling, general and administrative expenses rose 3% to USD 349 million, while same-store sales increased 1% to USD 2.07 billion. The company added 25 locations through the June acquisition of Jackson Supply, a Sunbelt-focused residential HVAC distributor with about USD 230 million in annual sales.

https://www.sec.gov/Archives/edgar/data/105016/0001193125-26-340204-ind…

Disclaimer: This news brief was created using generative artificial intelligence. Watsco Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission, on August 07, 2026, and is solely responsible for the information contained therein.