Watsco — Q3 2026 Earnings Summary

Watsco, Inc. reported record third-quarter sales of $2.22 billion, representing a 7% increase year-over-year, driven by acquisitions and organic growth in the HVAC/R market. The company's operating income decreased 4% to $225 million, while earnings per share fell 5% to $3.77 due to margin pressures from customer mix and pricing dynamics. Watsco continues to expand its digital capabilities, with e-commerce sales reaching $2.75 billion over the trailing twelve months, and recently integrated Jackson Supply and The Granite Group to broaden its geographic and product reach.