WSO · Watsco Inc
$313.06
+1.46 (+0.47%)
At close · Aug 14
Market Cap
$12.76B
Shares
41.25M
Watsco Inc Earnings Call Transcripts
Every quarterly earnings call for Watsco Inc (WSO) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.
Revenue & result across quarters
Revenue Net income YoY up YoY down artefacts
▲14.2%
$2.04B
$157.64M
'22 Q3
22-10-20
▲4.6%
$1.58B
$137.67M
'22 Q4
23-02-16
▲1.8%
$1.55B
$110.07M
'23 Q1
23-04-20
▼6.1%
$2.00B
$172.76M
'23 Q2
23-08-01
▲4.5%
$2.13B
$170.95M
'23 Q3
23-10-19
▲1.4%
$1.60B
$82.55M
'23 Q4
24-02-13
▲0.9%
$1.56B
$87.00M
'24 Q1
24-04-24
▲6.8%
$2.14B
$181.41M
'24 Q2
24-07-30
▲1.6%
$2.16B
$171.03M
'24 Q3
24-10-23
▲9.4%
$1.75B
$96.84M
'24 Q4
25-02-18
▼2.2%
$1.53B
$80.06M
'25 Q1
25-04-23
▼3.6%
$2.06B
$183.61M
'25 Q2
25-07-30
▼4.3%
$2.07B
$161.57M
'25 Q3
25-10-29
▼10%
$1.58B
$71.75M
'25 Q4
26-02-17
▲0.1%
$1.53B
$79.07M
'26 Q1
26-04-28
LATEST
▲2.1%
$2.10B
$163.34M
'26 Q2
26-07-29
Earnings call
FY26 · Q2
2026-07-29
Q2 2026 Watsco, Inc. Earnings Conference Call
Confident tone
A2L refrigerant transition
Commodity exposure
Gross margin
Revenue
$2.10B
▲ 2.1% YoY Diluted EPS
$4.00
▼ 11.5% YoY Gross margin
27.5%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY26 · Q1
2026-04-28
Watsco Inc Q1 FY2026 Earnings Call
Confident tone
Competitive landscape and M&A
Industry normalization post-disruption
Technology platforms and e-commerce
Revenue
$1.53B
▲ 0.1% YoY Diluted EPS
$1.87
▼ 3.1% YoY Gross margin
27.9%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q4
2026-02-17
Watsco Inc Q4 FY2025 Earnings Call
Positive tone
Industry and Channel Normalization
Pricing and Gross Margins
A2L Refrigerant Transition
Revenue
$1.58B*
▼ 10% YoY Gross margin
27.1%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY25 · Q3
2025-10-29
Watsco Inc Q3 FY2025 Earnings Call
Positive tone
Credit Quality of Contractors
Technology and AI Investments
A2L Refrigerant Transition
Revenue
$2.07B
▼ 4.3% YoY Diluted EPS
$3.98
▼ 5.7% YoY Gross margin
27.5%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q2
2025-07-30
Watsco Inc Q2 FY2025 Earnings Call
Positive tone
Weather Impact on Demand
A2L Refrigerant Product Transition
Gross Margin Expansion
Revenue
$2.06B
▼ 3.6% YoY Diluted EPS
$4.52
▲ 0.7% YoY Gross margin
29.3%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q1
2025-04-23
Watsco Inc Q1 FY2025 Earnings Call
Confident tone
Tariffs and pricing actions
A2L refrigerant transition
Inventory conversion
Revenue
$1.53B
▼ 2.2% YoY Diluted EPS
$1.93
▼ 11.1% YoY Gross margin
28.1%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q4
2025-02-18
Watsco Inc Q4 FY2024 Earnings Call
Confident tone
A2L Refrigerant Transition
Inventory Sell-through
Replacement vs Repair Demand
Revenue
$1.75B*
▲ 9.4% YoY Gross margin
26.7%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY24 · Q3
2024-10-23
Watsco Inc Q3 FY2024 Earnings Call
Confident tone
Gross margin trajectory and mix
A2L regulatory transition (2025)
Hurricane impact (Helene and Milton)
Revenue
$2.16B
▲ 1.6% YoY Diluted EPS
$4.22
▼ 3% YoY Gross margin
26.2%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q2
2024-07-30
Watsco Inc Q2 FY2024 Earnings Call
Confident tone
Inventory management
Residential and commercial market demand
A2L refrigerant transition
Revenue
$2.14B
▲ 6.8% YoY Diluted EPS
$4.49
▲ 1.6% YoY Gross margin
27.1%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q1
2024-04-24
Watsco Inc Q1 FY2024 Earnings Call
Positive tone
A2L Refrigerant Transition
SG&A and Cost Actions
Dividend
Revenue
$1.56B
▲ 0.9% YoY Diluted EPS
$2.17
▼ 23.3% YoY Gross margin
27.5%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q4
2024-02-13
Watsco Inc Q4 FY2023 Earnings Call
Confident tone
Inventory and refrigerant pricing
Regulatory transitions (A2L, 410A phase-out)
Gross margin trajectory
Revenue
$1.60B*
▲ 1.4% YoY Gross margin
25.8%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY23 · Q3
2023-10-19
Watsco Inc Q3 FY2023 Earnings Call
Revenue
$2.13B
▲ 4.5% YoY Diluted EPS
$4.35
▲ 7.9% YoY Gross margin
26.7%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q2
2023-08-01
Watsco Inc Q2 FY2023 Earnings Call
Revenue
$2.00B
▼ 6.1% YoY Diluted EPS
$4.42
▼ 10.3% YoY Gross margin
28.1%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q1
2023-04-20
Watsco Inc Q1 FY2023 Earnings Call
Revenue
$1.55B
▲ 1.8% YoY Diluted EPS
$2.83
▼ 2.4% YoY Gross margin
28.9%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q4
2023-02-16
Watsco Inc Q4 FY2022 Earnings Call
Revenue
$1.58B*
▲ 4.6% YoY Gross margin
27.4%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY22 · Q3
2022-10-20
Watsco Inc Q3 FY2022 Earnings Call
Revenue
$2.04B
▲ 14.2% YoY Diluted EPS
$4.03
▲ 11.3% YoY Gross margin
27.1%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q2
2022-07-26
Watsco Inc Q2 FY2022 Earnings Call
Revenue
$2.13B
▲ 15.4% YoY Diluted EPS
$4.93
▲ 32.9% YoY Gross margin
27.9%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q1
2022-04-21
Watsco Inc Q1 FY2022 Earnings Call
Revenue
$1.52B
▲ 34.1% YoY Diluted EPS
$2.90
▲ 108.6% YoY Gross margin
29.6%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q4
2022-02-10
Watsco Inc Q4 FY2021 Earnings Call
Revenue
$1.51B*
▲ 30.9% YoY Gross margin
27.3%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY21 · Q3
2021-10-20
Watsco Inc Q3 FY2021 Earnings Call
Revenue
$1.78B
▲ 16% YoY Diluted EPS
$3.62
▲ 31.2% YoY Gross margin
27.1%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q2
2021-07-22
Watsco Inc Q2 FY2021 Earnings Call
Revenue
$1.85B
▲ 36.5% YoY Diluted EPS
$3.71
▲ 64.2% YoY Gross margin
25.8%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY21 · Q1
2021-04-22
Watsco Inc Q1 FY2021 Earnings Call
Revenue
$1.14B
▲ 12.7% YoY Diluted EPS
$1.39
▲ 93.1% YoY Gross margin
25.9%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q4
2021-02-11
Watsco Inc Q4 FY2020 Earnings Call
Revenue
$1.15B
▲ 7.7% YoY Diluted EPS
$1.14
▲ 23.9% YoY Gross margin
24.4%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY20 · Q3
2020-10-22
Watsco Inc Q3 FY2020 Earnings Call
Revenue
$1.54B
▲ 10.2% YoY Diluted EPS
$2.76
▲ 25.5% YoY Gross margin
24.3%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q2
2020-07-23
Watsco Inc Q2 FY2020 Earnings Call
Revenue
$1.36B
▼ 1.2% YoY Diluted EPS
$2.26
▼ 5.8% YoY Gross margin
23.6%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY20 · Q1
2020-04-23
Watsco Inc Q1 FY2020 Earnings Call
Revenue
$1.01B
▲ 8.3% YoY Diluted EPS
$0.72
▼ 18.2% YoY Gross margin
24.6%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY19 · Q4
2020-02-13
Watsco Inc Q4 FY2019 Earnings Call
Revenue
$1.07B
▲ 8.2% YoY Diluted EPS
$0.92
▼ 9.8% YoY Gross margin
24.3%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Showing 1–27 of 27 earnings calls
Key facts
CIK
105016
CUSIP
942622200
13F (30d)
725 filings
700 filers
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