Watsco Inc Ordinary Shares

WSO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Watsco Earnings: Market Conditions Improving, but Margins Disappoint

George Maglares

Oct 27, 2026

Watsco's third-quarter revenue rose 4% on a same-store basis to $2.2 billion. However, gross margin compressed 110 basis points to 26.4% and operating income decreased 4% to $225 million on higher operating costs. The shares dropped initially, but the decline moderated in later Oct. 27 trading.

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Watsco Inc Ordinary Shares

Watsco Earnings: Market Conditions Improving, but Margins Disappoint

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