Watsco Q2 Earnings Call Highlights

Impact · against what's priced in

Watsco shows resilient residential demand and successful inorganic growth via Jackson Supply, but these are offset by a bifurcated market. The contraction in gross margins and slowing new construction in core Texas and Florida markets introduce near-term headwinds.

WSO+0.10

No priced-in read yet

In context

Residential HVAC sales grew 5% and the Jackson Supply acquisition adds $230 million in annual sales, but these gains are tempered by an 8% decline in commercial HVAC and slowing construction activity in Florida and Texas.

Read from the article alone

• supply chain▲31%
• earnings▲8%
• m and a
• WSO
• construction
• ecommerce
• gross margin
• hvac