Watsco

OverviewSuggest Edit

Watsco distributes air conditioning, heating, refrigeration equipment and related parts and supplies in different countries. The Company distributes equipment, including residential central air conditioners, gas, electric, and oil furnaces, commercial air conditioning and heating equipment. It also offers various parts comprising replacement compressors, evaporator coils, motors, and other component parts and supplies, such as thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies.
TypePublic
Founded1945
HQMiami, USMap
Websitewatsco.com
Employee Ratings3.9More
View Jobs (5)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)5,200
Job Openings5
Revenue (FY, 2019)$4.8 B(+5%)
Share Price (Sept 2020)$229.3 (-1%)
Cybersecurity ratingAMore

Key People/Management at Watsco

Albert H. Nahmad

Albert H. Nahmad

CEO & Director
Barry Logan

Barry Logan

Executive Vice President - Planning & Strategy and Secretary
Stephen F. Rush

Stephen F. Rush

Executive Vice President & Chief Operating Officer
Ana M. Menendez

Ana M. Menendez

Chief Financial Officer & Treasurer
Cesar L. Alvarez

Cesar L. Alvarez

Co-Vice Chairman
J. Michael Custer

J. Michael Custer

Director
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Watsco Office Locations

Watsco has offices in Miami, Coral Gables, Hialeah and Idaho City
Miami, US (HQ)
2665 S Bayshore Dr
Coral Gables, US
1245 Dauer Dr
Hialeah, US
625 W 18th St
Idaho City, US
Idaho City, ID 83631, USA
Miami, US
FL-7, Miami, FL 33150, USA
Show all (5)

Watsco Financials and Metrics

Watsco Revenue

Watsco's revenue was reported to be $4.77 b in FY, 2019
USD

Revenue (Q2, 2020)

1.4b

Gross profit (Q2, 2020)

319.2m

Gross profit margin (Q2, 2020), %

23.6%

Net income (Q2, 2020)

104.2m

EBIT (Q2, 2020)

129.2m

Market capitalization (23-Sept-2020)

8.8b

Closing stock price (23-Sept-2020)

229.3

Cash (30-Jun-2020)

79.6m

EV

9.1b
Watsco's current market capitalization is $8.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

3.7b3.9b4.1b4.2b4.3b4.5b4.8b

Revenue growth, %

5%4%3%3%

Cost of goods sold

3.1b3.2b3.3b3.4b3.6b

Gross profit

1.0b1.0b1.1b1.1b1.2b
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.2b926.6m2.3b1.3b931.3m1.4b1.4b1.0b1.4b

Cost of goods sold

933.7m695.7m1.7b977.0m697.5m1.0b1.1b760.5m1.0b

Gross profit

295.9m230.8m551.6m319.0m233.8m328.0m334.7m247.6m319.2m

Gross profit Margin, %

24%25%24%25%25%24%24%25%24%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

126.5m15.7m73.8m19.5m24.4m35.2m56.0m80.5m82.9m74.5m

Accounts Receivable

305.1m327.7m377.7m399.6m434.2m451.1m476.0m478.1m501.9m533.8m

Prepaid Expenses

14.5m19.5m17.9m19.9m17.7m

Inventories

391.9m465.3m546.1m583.2m678.0m674.0m685.0m761.3m837.1m920.8m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

87.8m99.9m35.5m18.6m21.0m18.1m35.2m46.0m22.0m25.5m29.2m19.5m16.9m16.7m16.3m21.9m28.5m32.9m30.5m35.9m47.4m51.0m66.7m58.1m72.0m67.6m77.3m55.9m60.2m51.2m79.6m

Accounts Receivable

385.5m338.0m283.0m435.0m404.7m339.4m509.6m455.7m380.9m525.6m466.3m394.9m549.9m502.5m436.5m599.1m510.0m464.2m606.5m548.0m481.6m613.2m568.5m486.7m659.9m602.8m504.7m655.4m640.8m574.8m676.6m

Prepaid Expenses

19.8m22.1m17.0m16.3m27.5m21.1m20.3m21.3m16.9m17.8m20.6m14.8m16.4m19.4m

Inventories

522.5m456.8m502.8m612.7m540.5m532.4m672.4m618.1m647.1m692.0m643.9m707.8m760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m770.0m786.1m810.0m872.9m810.9m893.6m967.4m970.5m942.8m854.4m
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

80.8m90.5m103.3m187.7m208.7m226.5m236.0m257.3m296.5m295.8m

Depreciation and Amortization

10.8m11.7m15.9m17.7m17.9m19.1m20.1m22.0m22.1m24.5m

Inventories

21.4m(22.5m)(26.7m)(41.0m)(99.0m)(3.7m)(9.7m)(73.4m)(79.0m)(15.5m)

Accounts Payable

28.1m(98.6m)11.9m(7.3m)45.2m(11.8m)43.7m100.0m(57.4m)12.7m
Quarterly
USDQ2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

38.9m70.3m7.5m43.5m77.1m8.5m47.6m88.6m13.4m64.7m110.4m16.8m99.9m42.4m150.6m203.3m35.0m125.2m208.7m30.5m117.1m

Depreciation and Amortization

5.1m7.7m2.6m5.5m8.5m3.1m6.9m11.3m4.3m8.7m13.2m4.4m10.9m5.5m11.0m16.5m5.8m11.7m18.0m6.5m12.9m

Inventories

(109.2m)(43.4m)(110.9m)(181.8m)(96.6m)(67.1m)(154.2m)(98.0m)(102.1m)(148.9m)(99.7m)(126.3m)760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m(83.5m)786.1m(49.9m)(113.8m)(50.6m)(55.6m)(117.6m)(74.4m)(27.3m)63.4m

Accounts Payable

221.5m100.8m28.9m169.2m(26.8m)68.1m143.0m87.7m57.5m110.8m60.3m112.3m269.0m224.3m238.3m243.5m200.6m222.5m273.3m229.7m259.7m104.6m296.3m(36.6m)107.9m(23.3m)55.4m161.7m99.6m66.0m183.0m
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USDQ2, 2010

Financial Leverage

1.5 x
Show all financial metrics

Watsco Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

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Watsco Revenue Breakdown

Embed Graph

Watsco revenue breakdown by geographic segment: 6.2% from Canada, 90.3% from United States and 3.5% from Other

Watsco Online and Social Media Presence

Watsco's Trends

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Watsco News and Updates

July 23, 2020

Watsco Reports Strong Second Quarter Results and Record Cash Flow

Steady Recovery in Market Conditions Leads to Record June Results;Technology Adoption Accelerates and Provides Competitive Advantage;Balance Sheet Well-Positioned for Investments in Growth and Expansion
July 14, 2020

Watsco to Host 2020 Second Quarter Earnings Call July 23, 2020

MIAMI, July 14, 2020 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2020 second quarter financial results on Thursday, July 23, 2020 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question and answe…
July 01, 2020

Watsco Declares $1.775 Quarterly Dividend

46th Consecutive Year of Paying Dividends 46th Consecutive Year of Paying Dividends
April 01, 2020

Watsco Boosts Annual Dividends 11% to $7.10

Quarterly Rate $1.775 Per Share Quarterly Rate $1.775 Per Share
February 13, 2020

Watsco Boosts Annual Dividend 11% to $7.10 Per Share

MIAMI, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved an 11% increase in its annual dividend to $7.10 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next…
December 03, 2019

Watsco Completes Acquisition of N&S Supply

Expands Watsco’s Network in Northeastern U.S. Further Leveraging Our Customer-Centric Technology Expands Watsco’s Network in Northeastern U.S. Further Leveraging Our Customer-Centric Technology
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 Watsco Frequently Asked Questions

  • When was Watsco founded?

    Watsco was founded in 1945.

  • Who are Watsco key executives?

    Watsco's key executives are Albert H. Nahmad, Barry Logan and Stephen F. Rush.

  • How many employees does Watsco have?

    Watsco has 5,200 employees.

  • What is Watsco revenue?

    Latest Watsco annual revenue is $4.8 b.

  • What is Watsco revenue per employee?

    Latest Watsco revenue per employee is $917.4 k.

  • Who are Watsco competitors?

    Competitors of Watsco include A.O. Smith, Avnet and SPX Corporation.

  • Where is Watsco headquarters?

    Watsco headquarters is located at 2665 S Bayshore Dr, Miami.

  • Where are Watsco offices?

    Watsco has offices in Miami, Coral Gables, Hialeah and Idaho City.

  • How many offices does Watsco have?

    Watsco has 5 offices.