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.
| Type | Public | |
| Founded | 1945 | |
| HQ | Miami, FL, US | Map |
| Website | watsco.com | |
| Employee Ratings | More | |
| Overall Culture | B- | More |
Recent NewsAll News
- Watsco to Participate at the Wolfe Transport & Industrials Conference on May 27, 2021
- Watsco Completes Acquisition of Acme Refrigeration
- Watsco EPS Jumps 93% Setting First Quarter Records for Sales, Operating Profit, Operating Margins and Net Income
- Watsco to Host 2021 First Quarter Earnings Call April 22, 2021
Key People/Management at Watsco
Albert H. Nahmad
CEO & Director
Barry S. Logan
Executive Vice President - Planning & Strategy and Secretary
Ana Menendez
Chief Financial Officer & Treasurer
Cesar L. Alvarez
Co-Vice Chairman
J. Michael Custer
Director
Denise Dickins
Lead Independent Director
Watsco Office Locations
Watsco has offices in Miami, Coral Gables, Hialeah and Idaho City
Miami, FL, US (HQ)
2665 S Bayshore Dr
Coral Gables, FL, US
1245 Dauer Dr
Hialeah, FL, US
625 W 18th St
Idaho City, ID, US
Idaho City, ID 83631, USA
Miami, FL, US
FL-7, Miami, FL 33150, USA
Watsco Financials and Metrics
Watsco Revenue
Watsco's revenue was reported to be $5.05 b in FY, 2020
| USD | |
|---|---|
Revenue (FY, 2020) | 5.1b |
Gross profit (FY, 2020) | 1.2b |
Gross profit margin (FY, 2020), % | 24.2% |
Net income (FY, 2020) | 323.2m |
EBIT (FY, 2020) | 401.0m |
Market capitalization (7-Jun-2021) | 11.2b |
Closing stock price (7-Jun-2021) | 288.0 |
Cash (31-Dec-2020) | 146.1m |
EV | 11.2b |
Watsco's current market capitalization is $11.2 b.
- Source: SEC Filings
Annual
Quarterly
| USD | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.2b | 926.6m | 2.3b | 1.3b | 931.3m | 1.4b | 1.4b | 1.0b | 1.4b | 1.5b |
Cost of goods sold | 933.7m | 695.7m | 1.7b | 977.0m | 697.5m | 1.0b | 1.1b | 760.5m | 1.0b | 1.2b |
Gross profit | 295.9m | 230.8m | 551.6m | 319.0m | 233.8m | 328.0m | 334.7m | 247.6m | 319.2m | 373.8m |
Gross profit Margin, % | 24% | 25% | 24% | 25% | 25% | 24% | 24% | 25% | 24% | 24% |
- Source: SEC Filings
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 126.5m | 15.7m | 73.8m | 19.5m | 24.4m | 35.2m | 56.0m | 80.5m | 82.9m | 74.5m | 146.1m |
Accounts Receivable | 305.1m | 327.7m | 377.7m | 399.6m | 434.2m | 451.1m | 476.0m | 478.1m | 501.9m | 533.8m | 535.3m |
Prepaid Expenses | 14.5m | 19.5m | 17.9m | 19.9m | 17.7m | ||||||
Inventories | 391.9m | 465.3m | 546.1m | 583.2m | 678.0m | 674.0m | 685.0m | 761.3m | 837.1m | 920.8m | 781.3m |
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 87.8m | 99.9m | 35.5m | 18.6m | 21.0m | 18.1m | 35.2m | 46.0m | 22.0m | 25.5m | 29.2m | 19.5m | 16.9m | 16.7m | 16.3m | 21.9m | 28.5m | 32.9m | 30.5m | 35.9m | 47.4m | 51.0m | 66.7m | 58.1m | 72.0m | 67.6m | 77.3m | 55.9m | 60.2m | 51.2m | 79.6m | 92.6m |
Accounts Receivable | 385.5m | 338.0m | 283.0m | 435.0m | 404.7m | 339.4m | 509.6m | 455.7m | 380.9m | 525.6m | 466.3m | 394.9m | 549.9m | 502.5m | 436.5m | 599.1m | 510.0m | 464.2m | 606.5m | 548.0m | 481.6m | 613.2m | 568.5m | 486.7m | 659.9m | 602.8m | 504.7m | 655.4m | 640.8m | 574.8m | 676.6m | 644.1m |
Prepaid Expenses | 19.8m | 22.1m | 17.0m | 16.3m | 27.5m | 21.1m | 20.3m | 21.3m | 16.9m | 17.8m | 20.6m | 14.8m | 16.4m | 19.4m | ||||||||||||||||||
Inventories | 522.5m | 456.8m | 502.8m | 612.7m | 540.5m | 532.4m | 672.4m | 618.1m | 647.1m | 692.0m | 643.9m | 707.8m | 760.0m | 729.9m | 800.9m | 799.0m | 751.9m | 746.1m | 749.3m | 739.7m | 751.5m | 770.0m | 786.1m | 810.0m | 872.9m | 810.9m | 893.6m | 967.4m | 970.5m | 942.8m | 854.4m | 884.7m |
- Source: SEC Filings
Annual
| USD | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 80.8m | 90.5m | 103.3m | 187.7m | 208.7m | 226.5m | 236.0m | 257.3m | 296.5m | 295.8m | 323.2m |
Depreciation and Amortization | 10.8m | 11.7m | 15.9m | 17.7m | 17.9m | 19.1m | 20.1m | 22.0m | 22.1m | 24.5m | 25.9m |
Inventories | 21.4m | (22.5m) | (26.7m) | (41.0m) | (99.0m) | (3.7m) | (9.7m) | (73.4m) | (79.0m) | (15.5m) | 139.9m |
Accounts Payable | 28.1m | (98.6m) | 11.9m | (7.3m) | 45.2m | (11.8m) | 43.7m | 100.0m | (57.4m) | 12.7m | 33.9m |
Quarterly
| USD | Q2, 2010 | Q3, 2010 | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 38.9m | 70.3m | 7.5m | 43.5m | 77.1m | 8.5m | 47.6m | 88.6m | 13.4m | 64.7m | 110.4m | 16.8m | 99.9m | 42.4m | 150.6m | 203.3m | 35.0m | 125.2m | 208.7m | 30.5m | 117.1m | 223.6m | ||||||||||
Depreciation and Amortization | 5.1m | 7.7m | 2.6m | 5.5m | 8.5m | 3.1m | 6.9m | 11.3m | 4.3m | 8.7m | 13.2m | 4.4m | 10.9m | 5.5m | 11.0m | 16.5m | 5.8m | 11.7m | 18.0m | 6.5m | 12.9m | 19.4m | ||||||||||
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) | 760.0m | 729.9m | 800.9m | 799.0m | 751.9m | 746.1m | 749.3m | 739.7m | 751.5m | (83.5m) | 786.1m | (49.9m) | (113.8m) | (50.6m) | (55.6m) | (117.6m) | (74.4m) | (27.3m) | 63.4m | 34.4m |
Accounts Payable | 221.5m | 100.8m | 28.9m | 169.2m | (26.8m) | 68.1m | 143.0m | 87.7m | 57.5m | 110.8m | 60.3m | 112.3m | 269.0m | 224.3m | 238.3m | 243.5m | 200.6m | 222.5m | 273.3m | 229.7m | 259.7m | 104.6m | 296.3m | (36.6m) | 107.9m | (23.3m) | 55.4m | 161.7m | 99.6m | 66.0m | 183.0m | 158.1m |
- Source: SEC Filings
| USD | Q2, 2010 |
|---|---|
Financial Leverage | 1.5 x |
Watsco Revenue Breakdown
Watsco revenue breakdown by geographic segment: 6.2% from Canada, 90.3% from United States and 3.5% from Other
Watsco Cybersecurity Score
Watsco Environment, Social & Governance (ESG) Ratings
Watsco Online and Social Media Presence
170 Twitter followers
Watsco has 170 Twitter Followers. The number of followers has increased 0.6% month over month and increased 3% quarter over quarter
Watsco's Trends
Watsco Company Culture
Overall Culture
B-
68/100
CEO Rating
B+
73/100
Compensation
B
75/100
Diversity
C+
68/100
Watsco News and Updates
May 26, 2021
Watsco to Participate at the Wolfe Transport & Industrials Conference on May 27, 2021
MIAMI, May 26, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it is scheduled to participate virtually at the Wolfe Transport & Industrials Conference on Thursday, May 27, 2021 at 10:50 a.m. (EDT). Internet users can listen to a live webcast of the presentation at the I…
May 11, 2021
Watsco Completes Acquisition of Acme Refrigeration
$60 Million HVAC/R Distributor Adds 18 Locations in Sunbelt Markets $60 Million HVAC/R Distributor Adds 18 Locations in Sunbelt Markets
April 22, 2021
Watsco EPS Jumps 93% Setting First Quarter Records for Sales, Operating Profit, Operating Margins and Net Income
Double-Digit Sales Growth, Higher Gross Margins and Operating Efficiencies Drive Record Performance
April 14, 2021
Watsco to Host 2021 First Quarter Earnings Call April 22, 2021
MIAMI, April 14, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2021 first quarter financial results on Thursday, April 22, 2021 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question and answ…
April 12, 2021
Watsco Completes Acquisition of Temperature Equipment Corporation
Adds $291 Million in Sales and 32 Locations in New Markets Adds $291 Million in Sales and 32 Locations in New Markets
April 01, 2021
Watsco Boosts Annual Dividends 10% to $7.80
Quarterly Rate $1.95 Per Share Quarterly Rate $1.95 Per Share
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 S. Logan and Ana Menendez.
How many employees does Watsco have?
Watsco has 5,200 employees.
What is Watsco revenue?
Latest Watsco annual revenue is $5.1 b.
What is Watsco revenue per employee?
Latest Watsco revenue per employee is $972.1 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.
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