Watsco to present at the 14th Annual Morgan Stanley Laguna Conference on September 16, 2026 at 4:05 p.m. PDT. September 11, 2026 07:30 ET | Source: Watsco, Inc. MIAMI, Sept. 11, 2026 (GLOBE NEWSWIRE) - Watsco, Inc. (NYSE: WSO) announced today that Barry S. Logan, Executive Vice President, and Rick Gomez, Vice President, are scheduled to present at the 14th Annual Morgan Stanley Laguna Conference being held at the Ritz Carlton, Laguna Niguel on Wednesday, September 16, 2025 at 4:05 p.m. (PDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at http://www.watsco.com. About Watsco Watsco is the largest distributor in the highly fragmented North American HVAC/R market. Watsco's solid financial position and culture of innovation has enabled investments in long-term growth, including the Company's industry-leading technology platforms. Today, more than 70,000 contractors, installers and technicians engage digitally with the Company, resulting in improved growth and lower attrition. The Company is now advancing AI-driven initiatives to leverage its extensive data assets to enhance the customer experience and improve efficiencies. These investments position Watsco to capture market share as contractors increasingly adopt digital tools and incorporate data-driven solutions in their businesses. This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as "will," "would," "anticipate," "expect," "believe," "designed," "plan," or "intend," the negative of these terms, and similar references to future periods. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in economic, business, competitive market, new housing starts and completions, capital spending in commercial construction, consumer spending and debt levels, regulatory and other factors, including, without limitation, the effects of supplier concentration, competitive conditions within Watsco's industry, the seasonal nature of sales of Watsco's products, the ability of the Company to expand its business, insurance coverage risks and final GAAP adjustments. Detailed information about these factors and additional important factors can be found in the documents that Watsco files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. Watsco assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except as required by applicable law. Barry S. Logan Executive Vice President (305) 714-4102 e-mail: [email protected]

Watsco ecommerce sales grow 13%, digital revenue reaches 37% of total sales. Beth Duckett | Jul 31, 2026 3.5 minutes Watsco said contractors were using its digital tools, fueling growth as the HVAC distributor reported Q2 earnings results. Ecommerce remained a growth engine for Watsco Inc. sales in the first half of 2026, rising 13% as the heating, ventilation, and air conditioning (HVAC) distributor began stabilizing after several years of market disruption. Watsco's online growth far outpaced its overall sales performance. For the six months ended June 30, the company reported that total revenue inched up 1%, reaching $3.64 billion. In Q2 alone, revenue rose 2% to $2.10 billion, or 1% on a same-store basis. Online sales reached $2.7 billion for the 12 months ended June 30, representing 37% of Watsco's total sales. "The last five years brought a pandemic, supply chain disruptions, regulatory transitions and tariff volatility," chairman and CEO Albert Nahmad told investors on the company's earnings call. "Now the operating environment is normalizing, revenue is growing and a digital ecosystem is producing measurable results." How Watsco is expanding its digital platforms. Watsco said it has invested more than $250 million in its digital platforms over the past five years. That spending is continuing at an annual rate of about $68 million. The company said investments include customer engagement tools, internal platforms and "AI capabilities that help customers grow and deliver technical know-how quicker." During Q2, Watsco launched SupplySync.com, a platform aimed at large institutional customers. A.J. Nahmad, the president at Watsco, called it an "incremental growth opportunity" that can leverage Watsco's existing scale and infrastructure. OnCallAir also continued to scale. The digital sales platform allows contractors to quote HVAC products to homeowners. Products sold through it generated $1 billion in gross merchandise value (GMV) during the first six months of 2026, up 14% year over year. For the 12 months ended June 30, Watsco said contractors used OnCallAir to present proposals to roughly 342,000 households, generating $1.90 billion in GMV. That marked a 15% increase from the prior comparable period. "Simply put, the contractors we serve digitally are growing faster, attrit less and we believe we can lower our cost to serve at scale over time," A.J. Nahmad said. Additionally, Watsco's HVAC Pro+ mobile apps and ecommerce platform allow contractors to source products, check inventory and pricing, and access technical help. A.J. Nahmad said the apps now have more than 70,000 monthly active users. Watsco Q2 financial results. Watsco's U.S. residential HVAC equipment sales rose 5% in Q2, led by a 2% increase in unit volume and a 2% rise in average selling prices. Executives noted strong demand in northern states, while new construction softened in Florida and Texas. Despite higher sales, gross profit declined 4% to $579 million. Gross margin fell to 27.5% from 29.3% a year earlier. Watsco attributed much of the decline to a difficult comparison with 2025. Last year, HVAC manufacturers imposed aggressive price increases in response to inflation and tariffs, temporarily benefiting Watsco's margins, Albert Nahmad said. Manufacturer pricing returned to more typical levels in 2026. The transition to A2L refrigerants also affected the comparison. A2L refrigerants have lower toxicity and limited flammability. Last year, federal restrictions on higher-impact refrigerants began taking effect, requiring Watsco to update its inventory and product catalog. Watsco said the transition is now largely complete. So far in 2026, the company has added more than 10,000 SKUs related to the A2L product launch. Watsco closes Jackson Supply acquisition. On June 1, Watsco also completed its acquisition of Jackson Supply Company. The Texas-based HVAC distributor generated $230 million in sales in 2025. It serves roughly 5,000 contractor customers from 25 locations across seven Sunbelt states. Jackson Supply Company contributed about $20 million to Watsco's revenue during June, executive Rick Gomez told investors. He said Jackson's existing management remains in place and aims to double the business. "They have a very aggressive plan to do more of what they've been doing with our capital, our relationships, our technology, and a team that's been together as a family and is staying together as a family moving forward," Gomez said. Watsco ended Q2 with $464 million in cash and cash investments and no debt, giving it room for additional technology investments and acquisitions. Since entering HVAC distribution in 1989, Watsco said, it has acquired more than 70 businesses. Percentage changes may not align exactly with dollar figures due to rounding. Check back for more earnings reports. Here's our last update on Watsco ecommerce sales. More on This Industries Mary Meisenzahl | May 1, 2026 Mary Meisenzahl | Aug 4, 2026 Abbas Haleem | Aug 10, 2026 Beth Duckett | Jul 2, 2026

Watsco Inc reported second quarter 2026 results with revenue increasing 2% to $2.1 billion. The HVAC distributor posted earnings per share of $4, with operating income of $238 million representing an 11.3% margin. The company's residential HVAC equipment sales grew 5% during the quarter. E-commerce sales expanded 13%, now accounting for 37% of total sales over the past 12 months. Gross margin declined to 27.5% from 29.3% in the prior year, impacted by more moderate pricing actions from equipment manufacturers. Operating cash flow improved by $168 million for the six-month period. Watsco ended the quarter with $464 million in cash and no debt. The company raised its annual dividend 10% to $13.20 per share, marking 52 consecutive years of dividend payments. The firm acquired Jackson Supply, which generates $230 million in annual sales across 25 locations in Sunbelt markets.