The earnings call reflected a mixed performance for Watsco. While the company achieved record gross profit margins and maintained a strong financial position, challenges such as declining sales, increased SG&A costs, and inventory management issues were evident. Despite these challenges, investments in technology and expansion through acquisitions provide a positive outlook.

Company Guidance -

Q3 2025

During the Watsco Second Quarter of 2025 Earnings Conference Call, CEO Albert Nahmad provided detailed guidance on various operational metrics despite challenging market conditions. The company reported a 4% decline in sales due to lower volumes, although they achieved record gross profit margins and increased EBIT margins. Sales from residential new construction and international markets were subdued, with residential new construction down 15-20%. Watsco's balance sheet remains strong, with no debt and a solid cash position. Their e-commerce business is now a $2.5 billion segment, accounting for 34% of sales, with mobile app users growing by 17% to 70,000. The company's digital platform, OnCall Air, contributed $1.6 billion in sales, growing 19%. Watsco is targeting a 30% gross profit margin and aims to grow its parts and supply segment, currently 30% of sales, into a larger component of the business. They are also developing a technology-driven sales platform to capture national customers, expected to launch in 2026. Watsco has accelerated the adoption of their pricing platform, Pricefx, and launched two AI platforms to optimize operations and customer experience.

Record Gross Profit Margins

Watsco achieved record gross profit margins despite a 4% decline in sales, driven by OEM pricing actions and their pricing technology platform, Pricefx.

Strong Cash Position

The company maintains a robust balance sheet with a strong cash position and no debt.

Technology and Innovation Investment

Watsco's e-commerce has grown to a $2.5 billion business, accounting for 34% of sales. Mobile app users grew by 17%, and the annual volume on their digital selling platform OnCall Air increased by 19%.

Expansion through Acquisitions

Watsco added 10 new locations from recent acquisitions, expanding their market reach.

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)	4.61 / -	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 4.61.

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