Watsco, Inc. (WSO) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for joining us today and welcome to the Waxco, Inc., second quarter 2026 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on a touch-tone phone. To withdraw your question, please press star then two. Please note this event is being recorded. I would now like to turn the conference over to Al Nahmad, Chairman. Please go ahead. Good morning, everyone. Welcome to our second quarter earnings call. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President, and also Paul Johnston, and Barry Logan, and Rick Gomez. Before we start our cautionary statement, this conference call has forward-looking statements as defined by SEC laws and regulations. that are made pursuant to the safe harbor provisions of these various laws. Ultimate results may differ materially from the forward-looking statements. I am happy to report that our second quarter results reflect stabilizing markets under far more conventional operating conditions. The last five years brought a pandemic, supply chain disruptions, regulatory transitions, and tariff volatility. Through it all, we stayed the course and invested in our business. Now the operating environment is normalizing, revenue is growing, and a digital ecosystem is producing measurable results. Our largest and most impacted product segment, residential HVAC equipment, grew 5% during the quarter, with gains in both unit volume and pricing. We closed on Jackson Supply on June 1st and we are thrilled to welcome their team to the Wasco family. Jackson is a legend in our indust...