Watsco Inc - Company Profile

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Watsco Inc: Overview

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Watsco Inc (Watsco) is a distributor of heating, air conditioning and refrigeration equipment and related components. It distributes equipment such as residential ducted and ductless air conditioners, commercial air conditioning and heating equipment systems, and parts such as evaporator coils, motors, replacement compressors, and other component parts. It also supplies insulation material, thermostats, ductwork, refrigerants, registers, copper tubing, concrete pads, tape, adhesives, and grills, among others. Watsco distributes products manufactured by Copeland Compressor Corp, Mueller Industries Inc, The Chemours Co, and Welbilt Inc, among others. It serves the customers in the heating, ventilation, air conditioning and refrigeration distribution industry in the US, Canada, Mexico, and Puerto Rico. The company operates warehousing and distribution facilities and other facilities across the Americas. Watsco is headquartered in Miami, Florida, the US.

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Headquarters United States of America
Address Ste 901, 2665 S Bayshore Dr, Coconut Grove, Florida, 33133
Website www.watsco.com
Telephone 1 305 7144100
No of Employees 7,200
Industry Industrial Goods and Machinery
Ticker Symbol & Exchange WSO (NYSE)
Revenue (2023) $7.3B 0.1% (2023 vs 2022)
EPS XYZ
Net Income (2023) XYZ -10.8% (2023 vs 2022)
Market Cap* $18.4B
Net Profit Margin (2023) XYZ -10.9% (2023 vs 2022)
* As of and is in US$
View Watsco Inc financials
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Watsco Inc premium industry data and analytics

1

Construction Projects

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1

ICT Spend & Tech Priorities

IT Client Prospector provides intelligence on Watsco Inc’s likely spend across technology areas enabling you to understand the digital strategy.

Products and Services

Products Services
Central Air Conditioners Repair and Replacement Services
Light Commercial Air Conditioners Installation Services
Gas Furnaces
XYZ
XYZ
XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2023 Acquisitions/Mergers/Takeovers In September, the company completed the acquisition of Gateway Supply Company, Inc., a distributor of plumbing and HVAC products.
2021 Acquisitions/Mergers/Takeovers In May, the company completed the acquisition of Acme Refrigeration, a distributor of air conditioning, heating and refrigeration products.
2021 Acquisitions/Mergers/Takeovers In April, the company along with Carrier Global Corp announced the acquisition of Temperature Equipment Corporation.
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Competitor Comparison

Key Parameters Watsco Inc Lennox International Inc Huttig Building Products Inc (Inactive) AAON Inc F.W. Webb Co
Headquarters United States of America United States of America United States of America United States of America United States of America
City Coconut Grove Richardson St. Louis Tulsa -
State/Province Florida Texas Missouri Oklahoma Massachusetts
No. of Employees 7,200 13,200 1,100 3,666 -
Entity Type Public Public Private Public Private
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Executives
Name Position Board Since Age
Albert H. Nahmad Director; Chairman; Chief Executive Officer Executive Board 1972 82
Ana M. Menendez Chief Financial Officer; Treasurer Senior Management 2003 58
Aaron J. Nahmad President; Director Executive Board 2016 41
Cesar L. Alvarez Co-Vice Chairman Executive Board 2017 75
Bob L. Moss Co-Vice Chairman Executive Board 2014 75
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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