Watsco Inc Ordinary Shares

WSO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Watsco Earnings: Management Points to Normalizing Market and Inventory Conditions

George Maglares

Apr 28, 2026

Watsco reported flattish revenue ($1.5 billion) and margins (gross margin compressed 20 basis points to 27.9% and operating margin compressed 10 basis points to 7.2%) during an admittedly seasonally weak quarter. Strong cash flow and a net cash balance sheet allowed for a 10% dividend increase.

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Watsco Inc Ordinary Shares

Watsco Earnings: Management Points to Normalizing Market and Inventory Conditions

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