No connection

Search Results

Earnings Score 35 Bearish

Watsco Reports Slight Decline in First Quarter Profits

Apr 28, 2026 11:57 UTC
WSO
Short term

Watsco, Inc. saw a marginal dip in net income and earnings per share for the first quarter of 2026. Despite the profit decline, the company maintained stable revenue levels.

  • Q1 Net Income: $71.04 million
  • Q1 EPS: $1.87
  • Q1 Revenue: $1.533 billion
  • Revenue growth: 0.1% year-over-year
  • Profit decline relative to $72.88 million last year

Watsco, Inc. (WSO) has released its financial results for the first quarter, revealing a slight contraction in profitability compared to the same period last year. The results indicate a period of relative stagnation for the HVAC distributor, where minimal revenue growth was insufficient to maintain previous profit levels. The company reported net earnings of $71.04 million, which translates to $1.87 per share. This represents a decrease from the $72.88 million, or $1.93 per share, recorded in the prior year's first quarter. On the top line, Watsco saw a negligible increase in revenue. Total revenue for the period rose 0.1% to $1.533 billion, compared to $1.531 billion in the same quarter a year ago. From a market perspective, these figures suggest a flat demand environment for the company's distribution services. While the decline in earnings is modest, the lack of significant revenue growth may lead investors to question the company's immediate growth catalysts in the current economic climate.

Sign up free to read the full analysis

Create a free account to unlock full AI-curated market articles, personalized alerts, and more.

Create Free Account Already have an account? Sign In
Share this article

Related Articles

Score 45

Energy Giants PSX, VLO, and COP Set to Report Q1 Earnings Amid Supply Volatility

Apr 28, 13:50

Stay Ahead of the Markets

Join thousands of traders using AI-powered market intelligence. Get personalized insights, real-time alerts, and advanced analysis tools.

Get Started Free View Plans
Features Terminal AI Assistant Analysis Market News Pricing
Start Trading with AI Already have an account? Sign In
Home
Terminal
AI Chat
Markets
Profile