Vireo Growth and Verano Holdings Announce Litigation Settlement

Watsco, the largest HVAC products distributor in North America, reported record Q3 gross profit, gross margin, and operating cash flow despite challenging market conditions. The company has invested in technology platforms, AI-driven initiatives, and working capital to support the transition to new A2L refrigerants, which impacted 55% of its products. Watsco's operating profit remained flat over the past 12 months, with operating margins improving 10 basis points. The company expects improvements in operating efficiency and growth opportunities in 2026.