Watsco SEC Filings

FMR LLC filed an amended Schedule 13G reporting beneficial ownership of 1,966,899.30 shares of Watsco Inc. common stock, representing 5.6% of the class as of the event date. FMR LLC reports sole dispositive power over these shares and limited sole voting power over a portion of them.

Abigail P. Johnson is also listed as a reporting person with the same 1,966,899.30 shares of beneficial ownership and 5.6% of the class, with sole dispositive power and no voting power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Watsco Inc.

Watsco, Inc. president and director Aaron J. Nahmad reported a stock award of 13,955 shares of Class B common stock on January 7, 2026. The award, granted at $338.85 per share under a Watsco restricted stock agreement, increases his Class B holdings reported in this filing.

The Class B common stock is convertible into Watsco common stock at any time on a one-for-one basis and has no expiration date. Following the reported transaction, Nahmad directly holds 305,993 shares of Class B common stock in one line item and 64,237 shares in another, along with 1,408 shares of common stock held directly, 501 shares of common stock held through the Watsco Profit Sharing Retirement Plan and Trust, and 1,150 shares of common stock held indirectly by his spouse.

Watsco Inc director Ana Lopez-Blazquez reported an insider transaction involving company stock. On 12/12/2025, she exercised a stock option for 1,000 shares of Watsco common stock at $250.84 per share (transaction code M) and disposed of 707 shares at $354.61 per share (transaction code F) on the same date.

After these transactions, she directly owned 293 shares of Watsco common stock. She also held stock options covering 2,000 additional shares with an exercise price of $327.18 per share, expiring on 06/01/2028. The report was filed on Form 4 by a single reporting person in her role as a director.

Watsco Inc. director Denise Dickins filed a Form 4 reporting a change in her holdings of Watsco common stock. On 12/05/2025, a code G transaction involved the disposition of 269 shares at a reported price of $0 per share. Following this transaction, she beneficially owns 21,638 shares of Watsco common stock in direct form.

Watsco, Inc. (WSO) reported softer third‑quarter results as seasonal demand and the ongoing A2L refrigerant transition weighed on volumes. Q3 2025 revenue was $2,067,005 and diluted EPS was $3.98, down from $4.22 a year ago. Despite lower sales, gross margin improved to 27.5% from 26.2% on stronger pricing and mix, while SG&A rose 5% with higher people, benefits, technology and facilities costs. Net income attributable to Watsco was $161,575.

Year‑to‑date, revenue was $5,660,533 with diluted EPS of $10.48. Operating cash flow for the nine months was $169,847, reflecting working capital timing and higher inventories tied to seasonality and the A2L product transition. The company ended the quarter with $324,348 in cash and $200,000 in short‑term cash investments, no revolver borrowings, and $400,000 available under its 2024 ATM program. Watsco paid a $3.00 per‑share cash dividend in the quarter and continued modest M&A, including Southern Ice Equipment Distributors and Hawkins earlier in 2025.

Watsco, Inc. (WSO): Capital International Investors filed Amendment No. 1 to Schedule 13G reporting beneficial ownership of 3,693,164 shares of Watsco common stock, representing 10.6% of the class as referenced to 34,902,826 shares believed outstanding. The filing reflects a passive position and was triggered as of 10/31/2025.

The filer reports sole voting power over 3,654,236 shares and sole dispositive power over 3,693,164 shares, with no shared voting or dispositive power. The certification states the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.

Watsco (WSO): Capital International Investors filed a Schedule 13G reporting beneficial ownership of 2,307,011 shares of common stock, representing 6.6% of the class, as of 09/30/2025.

The filer has sole voting power over 2,291,655 shares and sole dispositive power over 2,307,011 shares. The certification states the holdings were acquired and are held in the ordinary course of business and not to change or influence control.

Watsco, Inc. furnished a current report to announce it issued a press release with financial results for the quarter and nine months ended September 30, 2025. The press release is attached as Exhibit 99.1 and incorporated by reference under Items 2.02 and 7.01.

The company states this information is deemed “furnished,” not “filed,” under the Exchange Act.

Watsco reported second-quarter 2025 revenue of $2,062,442 (down 4% from $2,139,328 a year ago) with gross profit of $603,488, lifting gross margin to 29.3% from 27.1% (a 220 basis-point improvement). Net income attributable to Watsco was $183,613 for the quarter (up 1% year-over-year) and basic EPS was $4.53 (vs. $4.50). For the first six months, revenues were $3,593,528 (down 3%) and six‑month EPS was $6.52 (vs. $6.71).

Inventory rose to $1,952,842 at June 30, 2025 from $1,385,436 at year-end, driven by seasonal build and the company’s transition to lower‑GWP A2L products; cash and cash equivalents fell to $292,978 from $526,271, contributing to net cash used in operating activities of $(185,090) for the six months. The company completed several small acquisitions (including Southern Ice Equipment for ~$14.3M cash plus stock, Hawkins for ~$2.5M cash, and Lashley) and notes ongoing evaluation of the July 4, 2025 tax law changes with no material impact expected so far.