Watsco Q1 revenue flat at $1.53B, EPS down 3% to $1.87; acquires Jackson Supply ($230M sales)

WATSCO INC

2026-Q1 EPS reported $1.87 revenue$1,533,010,000

Revenue flat at $1.53B; EPS down 3% to $1.87; operating income down 2% to $110M.
Acquires Jackson Supply Company, Sunbelt HVAC distributor with $230M annual sales; expected close Q2 2026.
Annual cash dividend increased 10% to $13.20 per share; 52 consecutive years of dividends.
Cash used in operations improved to $19M from $178M YoY, a $159M improvement.
E-commerce sales grew 16% to $2.6B annualized; OnCallAir GMV up 20% to $394M in Q1.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WATSCO INC reported first quarter ended March 31, 2026 results: revenue $1.53 billion, EPS $1.87.

Period: first quarter ended March 31, 2026
Revenue: $1.53 billion
EPS: $1.87
Result: reported results

Exact text from the filing

First Quarter Performance • Revenues were flat at $1.53 billion • Gross profit was flat at $428 million (gross profit margin of 27.9% versus 28.1% last year) • SG&A was also flat and consistent as a percentage of sales • Operating income decreased 2% to $110 million (operating margin of 7.2% versus 7.3% last year) • Earnings per share decreased 3% to $1.87 • Cash used in operations was $19 million versus $178 million last year, a $159 million improvement

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Source: SEC EDGAR

accession 0001193125-26-183549

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