Quarterly ResultAug 7, 2026, 04:04 PM
Watsco Q2 Revenue $2.10B, EPS $4.00; Net Income Down
AI Summary
Watsco reported mixed financial results for the second quarter and six months ended June 30, 2026. While revenues increased to $2.10 billion for the quarter, net income attributable to Watsco, Inc. decreased to $163.3 million, and diluted EPS fell to $4.00. The company completed the acquisition of Jackson Supply Company for $186.16 million in common stock and is involved in a legal dispute with Gree Electric Appliances regarding distribution rights.
Key Highlights
- Net income attributable to Watsco, Inc. for Q2 2026 decreased to $163.3 million from $183.6 million year-over-year.
- Diluted earnings per share for Q2 2026 was $4.00, down from $4.52 in Q2 2025.
- Revenues for Q2 2026 increased to $2.10 billion from $2.06 billion compared to Q2 2025.
- Acquired Jackson Supply Company on June 1, 2026, for $186.16 million in common stock.
- Engaged in a legal dispute with Gree Electric Appliances over the renewal of exclusive distribution rights.
- Paid cash dividends of $3.30 per share in Q2 2026, an increase from $3.00 per share in Q2 2025.
- Cash and cash equivalents stood at $364.19 million at June 30, 2026, down from $433.28 million at year-end 2025.
- Inventories increased to $1.89 billion at June 30, 2026, from $1.39 billion at December 31, 2025.
Price Impact
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