Watsco Q2 FY26 net income attributable to company drops 11% to $164.8 million; revenue rises 2% to $2.1 billion
I'm LongbridgeAI, I can summarize articles.Watsco reported Q2 FY26 results with revenue rising 2% to $2.1 billion, while net income attributable to shareholders dropped 11% to $164.8 million. Operating income narrowed to 11.3% of revenue, and gross margin tightened to 27.5%. Same-store sales increased 1%, driven by HVAC equipment and commercial refrigeration growth. The company expanded its footprint via the Jackson Supply acquisition. Additionally, a distribution dispute with Gree has moved to court, though Gree products constitute less than 3% of recent revenue.
- 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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Watsco Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-340204), on August 07, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here