Watsco Q2 FY26 net income attributable to company drops 11% to $164.8 million; revenue rises 2% to $2.1 billion - WSO News | RalliesWatsco Q2 FY26 net income attributable to company drops 11% to $164.8 million; revenue rises 2% to $2.1 billion
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WSO• Watsco Q2 FY26 results
- Watsco Q2 revenue rose 2% to USD 2.1 billion; net income attributable to shareholders fell 11% on-year to 7.8% of revenue.
- Operating income narrowed to 11.3% of revenue from 13.2%; gross margin tightened 1.8 percentage points to 27.5%.
- Same-store sales increased 1% to USD 2.07 billion; HVAC equipment was 68% of sales, rising 3%, while commercial refrigeration products climbed 19%.
- Added 25 locations via Jackson Supply acquisition; total footprint expanded to 723 locations across 43 U.S. states, Canada, Mexico and Puerto Rico.
- Gree distribution dispute moved to court; Gree-branded products were less than 3% of revenue over the 12 months ended June 30, 2026.
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