The company recorded a profit of $155.4 million, or $3.77 per share, marking a decline from the $161.6 million, or $3.98 per share, reported during the same period last year. This performance brings the stock's total year-to-date decline to 13%, reflecting a challenging quarter despite a 5% increase in HVAC equipment sales.

Revenue for the quarter reached $2.22 billion, slightly edging out the $2.21 billion expected by FactSet-polled analysts. Although demand for climate control systems remains active, the cost structure pressured margins, leaving the Miami-based distributor to contend with a negative market reaction as shareholders recalibrate their outlook for the remainder of the year.