Every material Form 8-K Watsco filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Watsco reported third-quarter 2025 revenue of $2.07 billion, down 4%, and diluted earnings per share of $3.98 versus $4.22 a year earlier. The company attributed the decline to a regulatory transition to new HVAC systems with A2L refrigerants, which it says is expected to conclude in early 2026, along with weaker consumer spending and slower housing activity.
Q3 operating income fell 6% to $235 million; gross profit was flat at $569 million while gross margin rose 130 basis points to 27.5%
Nine-month revenue decreased 3% to $5.66 billion and diluted EPS decreased 4% to $10.48
Inventory was reduced to $1.6 billion at September 30, 2025, down $351 million in the quarter from the peak; Q3 operating cash flow was $355 million
Watsco plans to hold an investor day on December 11, 2025
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.
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.
Watsco reported first-quarter 2025 results for the quarter ended March 31, 2025, with revenues down 2% to $1.53 billion and diluted EPS of $1.93 versus $2.17 a year earlier. The company said the decline reflects early stages of a large-scale product transition to A2L refrigerant systems, and operating cash flow was a use of $178 million, which the company attributed to inventory investments and the timing of vendor payments.
Revenues decreased 2% to $1.53 billion; gross profit of $430 million was flat versus last year
Gross profit margin improved 60 basis points to 28.1%; operating income was $112 million versus $127 million a year earlier
Diluted EPS was $1.93 versus $2.17 for the prior year
Operating cash flow was a use of $178 million; the company held $432 million of cash and no outstanding debt at March 31, 2025
Watsco reported fourth-quarter 2024 sales of $1.75 billion, up 9%, and diluted EPS of $2.37, up from $2.06 a year earlier. For full-year 2024, sales rose 5% to a record $7.62 billion, but diluted EPS fell to $13.30 from $13.67. The board also raised the annual dividend 11% to $12.00 per share, effective with the April 2025 payment.
Q4 net income attributable to Watsco rose 17% to $97 million; Q4 diluted EPS was $2.37 versus $2.06.
Full-year net income attributable to Watsco was $536 million, flat with 2023; full-year diluted EPS was $13.30 versus $13.67.
Full-year operating cash flow rose 38% to a record $773 million.
Annual dividend increased to $12.00 per share from the April 2025 payment; the company has paid dividends for 51 consecutive years.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Watsco filing is on SEC EDGAR ↗. 8-K briefs of other companies →