WATSCO INC reported first quarter ended March 31, 2026 results: revenue $1.53 billion, EPS $1.87.
“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”
Earnings Releases
WATSCO INC reported the quarter ended March 31, 2024 results: revenue $1.56 billion, EPS $2.17.
“record cash flow during a period that typically requires working capital investment ahead of the selling season.” First Quarter Results • Revenues increased 1% to a record $1.56 billion (a 2% decline on a same-store basis) • Gross profit of $431 million (27.5% gross margin) • SG&A expenses increased 8%, including 18 new locations (a 4% increase on a same-store”
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