WATSCO INC

Watsco, Inc. announced the closing of its acquisition of Jackson Supply Company, an HVAC distributor with $230 million in sales in 2025. This acquisition expands Watsco's Sunbelt footprint by 25 locations and adds approximately 5,000 contractor customers across seven fast-growing states. Jackson Supply will retain its name, leadership, and strategy, aligning with Watsco's approach to investing in proven cultures. This move reinforces Watsco's commitment to expanding its share in the $74 billion North American HVAC/R distribution market.

Watsco, Inc. announced that its wholly-owned subsidiary, Jackson Supply LLC, entered into an asset purchase agreement to acquire the HVAC distribution business of Jackson Supply Company. The transaction involves Watsco issuing $198.0 million in Common Stock as consideration, with $25.0 million of these shares to be held in escrow. The closing is contingent on customary conditions, including regulatory approval, and the shares will be issued in reliance on an exemption from registration.

Watsco, Inc. announced an agreement to acquire Jackson Supply Company, a leading Sunbelt HVAC distributor with $230 million in annual sales, expected to close in Q2 2026. For Q1 2026, the company reported flat revenues of $1.53 billion, a 2% decrease in operating income to $110 million, and a 3% decrease in EPS to $1.87. Despite the slight decline in profitability, Watsco improved cash used in operations by $159 million and increased its annual cash dividend by 10% to $13.20 per share, reflecting stabilizing markets and improved operating efficiency.

Watsco, Inc. (WSO) announced it will release its first quarter 2026 financial results before market open on Tuesday, April 28, 2026. The company will host a conference call to discuss these results at 10:00 a.m. (EDT) on the same day, followed by a question-and-answer session with senior management. This event provides investors and analysts an opportunity to gain insights into the performance of the largest distributor in the North American HVAC/R market, which has historically delivered a 17% compounded annual total-shareholder return. The call will also likely touch upon Watsco's ongoing investments in technology, including AI-driven initiatives, and its digital engagement with approximately 73,000 contractors.