Watsco Inc - Company Profile
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Watsco Inc (Watsco) is a distributor of heating, air conditioning and refrigeration equipment (HVAC) and related components. The company's primary operations involve the distribution of HVAC/R equipment and related parts and supplies. 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. The company also supplies insulation material, thermostats, ductwork, concrete pads, tape, refrigerants, registers, copper tubing, adhesives, and grills. Watsco distributes products manufactured by Copeland Corporation LLC, Mueller Industries Inc, The Chemours Co, and among others. It serves the customers in the heating, ventilation, air conditioning and refrigeration distribution industry in the US, Canada, Mexico, and Puerto Rico. Watsco is headquartered in Miami, Florida, the US.
Headquarters
United States of America
Address
Suite 901, 2665 South Bayshore Drive, Coconut Grove, Florida, 33133
Website
www.watsco.com
Telephone
1 305 7144100
No of Employees
6,950
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
WSO (NYSE)
Revenue (2024)
$7.2B
-5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-7.3%
(2024 vs 2023)
Market Cap*
$16.6B
Net Profit Margin (2024)
XYZ
-2.4%
(2024 vs 2023)
* As of and is in US$
Watsco Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Central Air Conditioners | Repair Services |
| Heating Equipment Systems | Installation Services |
| Gas Furnaces | Customer Services |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In May, the company acquired Southern Ice Equipment Distributors. |
| 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. |
Competitor Comparison
| Key Parameters | Watsco Inc | Daikin Industries Ltd | Lennox International Inc | AAON Inc | F.W. Webb Co |
|---|---|---|---|---|---|
| Headquarters | United States of America | Japan | United States of America | United States of America | United States of America |
| City | Coconut Grove | Osaka | Richardson | Tulsa | - |
| State/Province | Florida | Osaka | Texas | Oklahoma | Massachusetts |
| No. of Employees | 6,950 | 103,544 | 12,900 | 5,897 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Albert H. Nahmad | Chairman; Chief Executive Officer | Executive Board | 1972 | 84 |
| Barry S. Logan | Director; Executive Vice President; Secretary | Executive Board | 2019 | 62 |
| Ana M. Menendez | Chief Financial Officer; Treasurer | Senior Management | 2003 | 60 |
| Valerie F. Schimel | Director | Non Executive Board | 2022 | 46 |
| Gary L. Tapella | Director | Non Executive Board | 2025 | 81 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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