Watsco Reports Record $2.22 Billion Third-Quarter Revenue

Watsco (NYSE: WSO) reported record third-quarter revenue of $2.22 billion for the quarter ended September 30, 2026, up 7% from a year earlier. GAAP net income was $182.8 million, while diluted earnings per share were $3.77, down 5% year over year.

Operating income declined 4% to $225.2 million, and operating cash flow totaled $325 million during the quarter. The company also reported acquisitions of Jackson Supply Company and The Granite Group, adding 107 locations and approximately $730 million in annualized revenue.

• Third-quarter revenue: $2.220 billion, versus $2.067 billion a year earlier
• GAAP net income: $182.8 million, versus $189.2 million a year earlier
• Diluted EPS: $3.77, versus $3.98 a year earlier
• Gross profit: $586.3 million; gross margin: 26.4%
• Nine-month revenue: $5.858 billion, up 3%
• Nine-month operating cash flow: $303.7 million, up 79%