Watsco Inc Ordinary Shares

WSO: XNYS (USA)

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Watsco Earnings: Profit Margins Shine Despite Lower Sales; We Have More Confidence in Margin Upside

Brian Bernard

Jul 31, 2025

Watsco's second-quarter sales declined 4% year over year as the US residential heating, ventilation, and air conditioning industry faced several headwinds. Nevertheless, Watsco delivered a 13.2% operating margin, 60 basis points higher than last year.

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Watsco Inc Ordinary Shares

Watsco Earnings: Profit Margins Shine Despite Lower Sales; We Have More Confidence in Margin Upside

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