$316.050
0.000 (0.00%)At close
WSO.B News
WSO.B Events
Watsco's Q3 Earnings Per Share at $3.98, Below Consensus Estimate of $4.29
Reports Q3 revenue $2.07B, consensus $2.14B. Albert Nahmad, Chairman and CEO, remarked: "We are in a wonderful industry, our balance sheet has never been stronger and our technology advantage remains immense. Although short-term market conditions remain fluid, we operate a resilient business in a resilient industry and our focus on the long-term has been, and will be, far more consequential as we build our network, scale our technologies to delight customers and partner with our OEMs to grow and gain share."
Watsco reports Q2 EPS $4.52, consensus $4.79
Reports Q2 revenue $2.06B, consensus $2.23B. Albert Nahmad, Chairman and CEO, remarked: "Our second quarter results reflect softer market conditions and the complexities associated with the industry-wide transition to new A2L products. Despite the challenging environment, I am proud that we improved gross margins and generated a measure of earnings growth, which highlights our entrepreneurial culture and the resilience of our business model. Our leaders are taking actions to boost sales, sustain margins and improve operating efficiencies to drive growth for the balance of the year."
Watsco acquires Southern Ice Equipment Distributors
Watsco announced that it has completed the acquisition of Southern Ice Equipment Distributors as well as two other transactions completed thus far in 2025. Terms of the transactions were not disclosed. In addition to Southern Ice, Watsco completed two other acquisitions earlier in the year: Lashley & Associates, a distributor of commercial supplies and custom air movement products based in Houston, Texas, was purchased in January 2025. Hawkins HVAC Distributors, a distributor of HVAC equipment and supplies with locations in Charlotte, North Carolina and Columbia, South Carolina was acquired in April 2025. With these acquisitions, Watsco has added 10 new locations and approximately $47 million in annualized sales in high-growth Sunbelt markets that provide new brands, broader product offerings and expanded distribution points to better serve customers.
Watsco falls -7.0%
Watsco is down -7.0%, or -$35.31 to $467.85.
Watsco reports Q1 EPS $1.93, consensus $2.25
Reports Q1 revenue $1.53B, consensus $1.66B. Albert Nahmad, Chairman and CEO, stated: "The transition to the new A2L products is well underway. Regulatory changes have historically been good for our business, and we see the same opportunity as this transition influences more than half of the products we sell and offers most every customer we serve the opportunity to benefit their business. We are encouraged by the strength in sales, margins and improved efficiency mix in our core replacement market, as well as another good quarter of acquiring new customers. We have built a strong inventory position ahead of the selling season to support our customers and will help them compete and gain share as the transition unfolds."
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