Watsco reported second quarter results for the period ended June 30, 2026, with revenues increasing 2% to $2.1 billion and diluted earnings per share decreasing 12% to $4.00. The company closed its acquisition of Jackson Supply Company in June, adding approximately $230 million in annualized sales across 25 Sunbelt locations. Operating income fell 12% to $238 million as gross margins contracted due to normalized OEM pricing actions compared to the prior year's inflationary benefits. In April 2026, Watsco increased its annual cash dividend by 10% to $13.20 per share. The company operates in the North American HVAC distribution industry.