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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.39Last Year’s EPS
4.52Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominately constructive tone: management highlighted stability returning after the A2L transition, modest top-line growth (2%), strong e-commerce and OnCallAir momentum (16% and 20% growth respectively, with GMV > $2B expected), a strategic acquisition (Jackson Supply, $230M, +25 locations), intact gross margins, flat SG&A and a debt-free balance sheet. Offsetting items were ongoing unit-volume pressure (though stabilizing), a notable Q1 inventory build, and uncertainty around forthcoming OEM price increases and seasonal comps. Overall the positive drivers (digital growth, acquisition, margin programs, strong balance sheet and improving seasonal momentum) outweigh the transitory operational uncertainties.Company Guidance
Modest Sales Growth in Q1
U.S. sales increased 2% in the first quarter, reflecting a maturing A2L product mix and improved sales mix toward higher-efficiency systems while unit sales were lower.
E-commerce Acceleration
E-commerce sales grew 16% during the quarter and online transactions show higher gross margin and lower cost-to-serve versus offline; certain markets (example: one Florida subsidiary) already see ~70% of sales through e-commerce tools.
OnCallAir Momentum
OnCallAir customer sales increased 20% in the quarter and management expects the platform's gross merchandise value to exceed $2 billion in 2026.
Acquisition Expands Sunbelt Footprint
Agreement to acquire Jackson Supply, a Sunbelt distributor with approximately $230 million in annual sales, adding 25 locations and diversification into parts & supplies; management expects to close in Q2.
Margins and Operating Discipline
Gross margins 'remained largely intact' in Q1 despite product transitions; SG&A was flat as operating efficiency offset incremental technology investments; company reiterates a long-term gross margin target of 30%.
Unit Momentum and Seasonal Stabilization
Unit volumes stabilized through the quarter with March exiting 'high single-digit' growth on a same-day basis; early April (three weeks in) sustained incremental stability, suggesting improved market conditions entering the selling season.
Strong Balance Sheet and Strategic Technology Investment
Company remains debt free, is continuing investments in pricing optimization, Hydros/DCR purchasing initiatives, AI capabilities, and other technology to drive margin expansion, improved inventory turns and long-term competitive advantage.
Broad-Based Non-Equipment Growth
Non-equipment sales (roughly 30% of company sales) showed broad-based growth across parts, supplies, plumbing and commercial refrigeration, with a noted uptick in compressor sales.
WSO Earnings History
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 |
|---|---|---|---|
Apr 28, 2026 | $456.86 | $438.47 | -4.03% |
Feb 17, 2026 | $414.60 | $419.48 | +1.17% |
Oct 29, 2025 | $352.74 | $362.48 | +2.76% |
Jul 30, 2025 | $453.68 | $432.03 | -4.77% |
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 Inc (WSO) report earnings?
Watsco Inc (WSO) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Watsco Inc (WSO) earnings time?
Watsco Inc (WSO) earnings time is at Aug 04, 2026, 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 2026 (Q2) is 4.39.