Watsco, Inc. (NYSE:WSO) is the largest distributor of heating, air conditioning, and refrigeration (HVAC/R) products with 507 locations in 36 states, Puerto Rico, Latin America and the Caribbean. Founded more than 50 years ago as a manufacturer of parts and components for HVAC/R equipment, Watsco entered the distribution segment in 1989 and has become the industry leader with sales of $2.0 billion in 2009. Watsco has 4,000 employees assisting over 50,000 contractors who, in turn, service, repair or replace HVAC/R systems. Watsco meets contractor’s needs by supplying the products required for the four major industry segments: Air conditioners, furnaces and related parts (50%) Air movement products, including ductwork and insulation (25%) Controls, including thermostats and air treatment systems (15%) Refrigeration products (10%)
Type
Public
HQ
Miami, US
Founded
1947
Size (employees)
5,050 (est)+1%
Website
watsco.com
Watsco was founded in 1947 and is headquartered in Miami, US

Watsco Office Locations

Watsco has an office in Miami
Miami, US (HQ)
901 2665 S Bayshore Dr

Watsco Metrics

Watsco Financial Metrics

Watsco's revenue was reported to be $4.2 b in FY, 2016 which is a 3% increase from the previous period.

Revenue (FY, 2016)

$4.2 b

Revenue growth (FY, 2015 - FY, 2016), %

3%

Gross profit (FY, 2016)

$1 b

Gross profit margin (FY, 2016), %

25%

Net income (FY, 2016)

$236 m

EBIT (FY, 2016)

$345.6 m

Market capitalization (19-May-2017)

$4.6 b

Closing share price (19-May-2017)

$137.7

Cash (31-Dec-2016)

$56 m
Watsco's current market capitalization is $4.6 b.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$3.7 b$3.9 b$4.1 b$4.2 b

Revenue growth, %

5%4%3%

Cost of goods sold

$3.1 b$3.2 b

Gross profit

$899.3 m$956.4 m$1 b$1 b

Gross profit Margin, %

24%24%24%25%

EBIT

$271.2 m$305.7 m$336.7 m$345.6 m

EBIT margin, %

7%8%8%8%

Pre tax profit

$331.2 m$341.9 m

Net Income

$187.7 m$208.7 m$226.5 m$236 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$19.5 m$24.4 m$35.2 m$56 m

Accounts Receivable

$399.6 m$434.2 m$451.1 m$476 m

Inventories

$583.2 m$678 m$674 m$685 m

Current Assets

$1 b$1.2 b$1.2 b$1.2 b

PP&E

$45.4 m$53.5 m$62.7 m$90.5 m

Goodwill

$392.6 m$387.3 m$378.3 m$379.7 m

Total Assets

$1.7 b$1.8 b$1.8 b$1.9 b

Accounts Payable

$141.1 m$173.4 m$145.2 m$185.5 m

Current Liabilities

$243.5 m$287 m$270.3 m$314.9 m

Additional Paid-in Capital

$606.4 m$580.6 m$602.5 m$592.4 m

Retained Earnings

$339.4 m$420.9 m$495.3 m$550.5 m

Total Equity

$1.1 b$1.1 b$1.2 b$1.3 b

Financial Leverage

1.5 x1.6 x1.5 x1.5 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$187.7 m$208.7 m$226.5 m$236 m

Depreciation and Amortization

$17.7 m$17.9 m$19.1 m$20.1 m

Accounts Receivable

($26 m)($41 m)($26 m)($27 m)

Inventories

($41 m)($99 m)($3.7 m)($9.7 m)

Accounts Payable

($7.3 m)$45.2 m($13.2 m)$39.8 m

Cash From Operating Activities

$150.3 m$145 m$221.4 m$277.8 m

Capital Expenditures

($14.6 m)($21.5 m)($23.7 m)($43.6 m)

Cash From Investing Activities

($14.3 m)($19.1 m)($22.9 m)($42.8 m)

Cash From Financing Activities

($189 m)($120.2 m)($186.3 m)($213.9 m)

Free Cash Flow

$164.8 m$166.5 m$245.1 m$321.3 m
Y, 2016

Revenue/Employee

$844.1 k

Financial Leverage

1.5 x

Watsco Market Value History

Watsco Job Categories

Watsco Online Presence

Watsco Company Life

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