The earnings call reflected a mix of strong financial management and technological advancements, but was offset by declining sales and increased costs related to market transitions. The company shows resilience and potential for future growth, but faces current challenges in sales and market conditions.

Company Guidance -

Q3 2025

During the Watsco Second Quarter of 2025 Earnings Conference Call, CEO Albert Nahmad provided guidance on various metrics and strategic initiatives. Despite a 4% decline in sales due to lower volumes, the company achieved record gross profit margins, driven by OEM pricing actions and their pricing technology platform, Pricefx. The transition to A2L refrigerants, affecting 55% of historical sales, posed challenges but is expected to simplify operations by 2026. Watsco's e-commerce business has grown to $2.5 billion, representing 34% of total sales, while their digital platform for contractors, OnCall Air, increased its volume by 19% to $1.6 billion. The company is targeting a 30% gross profit margin and expanding its parts and supplies segment, currently 30% of sales. They have launched AI platforms to leverage data for enhancing customer experiences and operational efficiency. Additionally, SG&A costs rose by 6% due to the product transition and recent acquisitions, but the company maintains a solid balance sheet with no debt. They are developing a technology-driven sales platform to capture large national customers, expected to launch in 2026, which will be incremental to their core business.

Record Gross Profit Margins

Watsco achieved record gross profit margins in the second quarter, with an increase in EBIT and expanded EBIT margins despite lower sales.

Strong Cash Position

The company maintains a strong cash position with no debt, allowing continued investment in innovation and technology.

Growth in E-commerce and Digital Platforms

E-commerce now represents $2.5 billion or 34% of sales, while the OnCall Air platform increased 19% to $1.6 billion.

Continued Technology Investment

Watsco is investing in new technology-driven sales platforms and AI to enhance customer experience and operational efficiency.

Expansion Through Acquisitions

The company added 10 new locations from recent acquisitions, showing progress in its growth strategy.

Watsco (WSO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

WSO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	4.63 / -	4.22	―	―	―
Jul 30, 2025	2025 (Q2)	4.78 / 4.52	4.49	0.67% (+0.03)
Apr 23, 2025	2025 (Q1)	2.27 / 1.93	2.17	-11.06% (-0.24)
Feb 18, 2025	2024 (Q4)	2.15 / 2.37	2.06	15.05% (+0.31)
Oct 23, 2024	2024 (Q3)	4.72 / 4.22	4.35	-2.99% (-0.13)
Jul 30, 2024	2024 (Q2)	4.70 / 4.49	4.42	1.58% (+0.07)	―
Apr 24, 2024	2024 (Q1)	2.29 / 2.17	2.83	-23.32% (-0.66)	―
Feb 13, 2024	2023 (Q4)	2.42 / 2.06	2.35	-12.34% (-0.29)	―
Oct 19, 2023	2023 (Q3)	4.28 / 4.35	4.03	7.94% (+0.32)	―
Aug 01, 2023	2023 (Q2)	4.92 / 4.42	4.93	-10.34% (-0.51)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

WSO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$464.82	$442.64	-4.77%
Apr 23, 2025	$499.97	$443.57	-11.28%
Feb 18, 2025	$477.82	$524.31	+9.73%
Oct 23, 2024	$476.26	$458.23	-3.79%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Watsco (WSO) report earnings?

Watsco (WSO) is schdueled to report earning on Oct 16, 2025, Before Open (Confirmed).

What is Watsco (WSO) earnings time?

Watsco (WSO) earnings time is at Oct 16, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is WSO EPS forecast?

WSO EPS forecast for the fiscal quarter 2025 (Q3) is 4.63.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing