Watsco Q2 revenue falls 4% to $2.06 billion, but EPS rises to $4.52
Watsco reported second-quarter 2025 results with revenue down 4% to $2.06 billion, while gross profit rose 4% to $603 million and diluted earnings per share edged up to $4.52 from $4.49. The company attributed the sales decline to softer market conditions and the transition to new A2L refrigerant equipment, and it expects these impacts to diminish over the second half of 2025.
Key points
- Quarterly revenue decreased 4% to $2.06 billion; diluted EPS was $4.52 versus $4.49 a year earlier.
- Gross profit margin expanded 220 basis points to 29.3%, with gross profit up 4% to $603 million.
- Six-month EPS was $6.50 versus $6.69; operating cash flow was a use of $185 million for the period.
- The annual dividend was raised 11% to $12.00 per share in April 2025.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.