Watsco reports Q2 EPS $4.52, consensus $4.79

Reports Q2 revenue $2.06B, consensus $2.23B. Albert Nahmad, Chairman and CEO, remarked: “Our second quarter results reflect softer market conditions and the complexities associated with the industry-wide transition to new A2L products. Despite the challenging environment, I am proud that we improved gross margins and generated a measure of earnings growth, which highlights our entrepreneurial culture and the resilience of our business model. Our leaders are taking actions to boost sales, sustain margins and improve operating efficiencies to drive growth for the balance of the year.”