WATSCO INC

Watsco, Inc. announced its Board of Directors has declared a regular quarterly cash dividend of $3.30 per share, payable on October 30, 2026. This marks 52 consecutive years of dividend payments for the company. Watsco, the largest distributor in the North American HVAC market, continues to focus on sharing cash flow while maintaining a strong balance sheet for growth investments. The company is also leveraging technology and AI to enhance customer experience and maintain a competitive advantage.

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.

Watsco announced its Q2 and YTD 2026 operating results, highlighted by the acquisition of Jackson Supply Company, an HVAC distributor with approximately $230 million in annualized sales. For the second quarter, revenues rose 2% to $2.1 billion, but diluted EPS decreased 12% to $4.00. Year-to-date, revenues increased 1% to $3.6 billion, with diluted EPS down 9% to $5.92. The company emphasized its strong balance sheet with $464 million in cash and no debt, and a 10% increase in its annual dividend to $13.20 per share, alongside continued growth in its technology platforms.

Watsco Inc. reported its second-quarter 2026 financial results, with revenues increasing 2% to $2.1 billion, but earnings per share decreased 12% to $4.00 and operating income fell 12%. The company completed the acquisition of Jackson Supply Company, expanding its presence in key Sunbelt markets. Gross profit margin was impacted by normalized pricing actions compared to the previous year's outsized benefits. Watsco highlighted strong 13% year-to-date e-commerce sales growth and continued investments in technology, including AI-driven initiatives. The company also increased its annual cash dividend by 10% to $13.20 per share.

Watsco, Inc. announced that it will host a conference call to discuss its second quarter 2026 financial results on Wednesday, July 29, 2026, at 10:00 a.m. EDT. The earnings results are scheduled for release before market open on the same day. The call will include prepared remarks followed by a question-and-answer session with senior management, and will be webcast on the company's website. Watsco also highlighted its position as the largest distributor in the North American HVAC/R market and its ongoing investments in technology, including AI-driven initiatives.

Watsco, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $3.30 on each outstanding share of its Common and Class B common stock. The dividend is payable on July 31, 2026, to shareholders of record at the close of business on July 16, 2026. The company has a long history of returning capital to shareholders, having paid dividends for 52 consecutive years, and aims to maintain a conservative balance sheet.

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.