Q1: 2026-04-28 Earnings Summary
EPS of $1.87 beats by $0.19
|
Revenue of
$1.53B
(0.13% Y/Y)
beats by $45.80M
Watsco, Inc. (WSO) Q1 2026 Earnings Call April 28, 2026 10:00 AM EDT
Company Participants
Albert Nahmad - Chairman & CEO
Rick Gomez - Vice President of Corporate Development
Aaron Nahmad - Co-Vice Chairman & President
Barry S. Logan - Executive VP of Planning & Strategy, Secretary and Director
Paul Johnston - Executive Vice President
Conference Call Participants
Ryan Merkel - William Blair & Company L.L.C., Research Division
David Manthey - Robert W. Baird & Co. Incorporated, Research Division
Thomas Moll - Stephens Inc., Research Division
Jeffrey Hammond - KeyBanc Capital Markets Inc., Research Division
Nigel Coe - Wolfe Research, LLC
Stephen Volkmann - Jefferies LLC, Research Division
Christopher Snyder - Morgan Stanley, Research Division
Patrick Baumann - JPMorgan Chase & Co, Research Division
Presentation
Operator
Good day, and welcome to the Watsco First Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded.
I would now like to turn the conference over to Mr. Albert Nahmad. Thank you, and over to you.
Albert Nahmad
Chairman & CEO
Welcome to our first quarter earnings call. This is Al Nahmad, Chairman and CEO. And with me is A.J. Nahmad, the President; Paul Johnston, Barry Logan and Rick Gomez. Before we start, our cautionary statement. This conference call has forward-looking statements as defined by SEC laws and regulations that are made pursuant to the safe harbor provisions of these various laws.
Ultimate results may differ materially from the forward-looking statements. First quarter results point to improving stability now that the transition to A2L products has matured. We expect a more simplified business environment this year, but it is still early in our selling season, but so far, so good. We're also excited to announce our agreement to acquire Jackson Supply, a legendary market-leading Sunbelt distributor with $230 million in annual sales.
We are fortunate to know
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