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%)
Company Growth (employees)
Type
Public
HQ
Miami, US
Founded
1947
Size (employees)
5,050 (est)
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 Data and 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.
USD

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 (18-Aug-2017)

5.2 b

Cash (31-Mar-2017)

47.4 m
Watsco's current market capitalization is $5.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

3.7 b3.9 b4.1 b4.2 b

Revenue growth, %

5%4%3%

Cost of goods sold

3.1 b3.2 b

Gross profit

899.3 m956.4 m1 b1 b

Gross profit Margin, %

24%24%24%25%

General and administrative expense

689 m

Operating expense total

689 m

EBIT

271.2 m305.7 m336.7 m345.6 m

EBIT margin, %

7%8%8%8%

Interest expense

5.5 m3.7 m

Pre tax profit

331.2 m341.9 m

Income tax expense

104.7 m105.9 m

Net Income

187.7 m208.7 m226.5 m236 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

19.5 m24.4 m35.2 m56 m

Accounts Receivable

399.6 m434.2 m451.1 m476 m

Inventories

583.2 m678 m674 m685 m

Current Assets

1 b1.2 b1.2 b1.2 b

PP&E

45.4 m53.5 m62.7 m90.5 m

Goodwill

392.6 m387.3 m378.3 m379.7 m

Total Assets

1.7 b1.8 b1.8 b1.9 b

Accounts Payable

141.1 m173.4 m145.2 m185.5 m

Current Liabilities

243.5 m287 m270.3 m314.9 m

Additional Paid-in Capital

606.4 m580.6 m602.5 m592.4 m

Retained Earnings

339.4 m420.9 m495.3 m550.5 m

Total Equity

1.1 b1.1 b1.2 b1.3 b

Financial Leverage

1.5 x1.6 x1.5 x1.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

16.9 m16.7 m16.3 m21.9 m28.5 m32.9 m30.5 m35.9 m47.4 m

Accounts Receivable

549.9 m502.5 m436.5 m599.1 m510 m464.2 m606.5 m548 m481.6 m

Inventories

760 m729.9 m800.9 m799 m751.9 m746.1 m749.3 m739.7 m751.5 m

Current Assets

1.3 b1.3 b1.3 b1.4 b1.3 b1.3 b1.4 b1.3 b1.3 b

PP&E

45.1 m45.4 m53.1 m61 m63.3 m61.9 m60.3 m59.7 m90.5 m

Goodwill

392.4 m389.4 m382.5 m383.3 m380 m381.2 m381.5 m380.8 m380.2 m

Total Assets

2 b1.9 b1.9 b2.1 b1.9 b1.9 b2 b2 b1.9 b

Accounts Payable

269 m224.3 m238.3 m243.5 m200.6 m222.5 m273.3 m229.7 m259.7 m

Current Liabilities

385.7 m340.8 m356.1 m371.9 m331 m347.3 m406.5 m358.1 m378.9 m

Additional Paid-in Capital

616 m576.3 m588.1 m593 m597.5 m610.3 m610.3 m614.8 m575 m

Retained Earnings

384.3 m417.8 m419.4 m460.2 m493.5 m490.8 m525.3 m558.2 m539.3 m

Total Equity

1.2 b1.1 b1.1 b1.2 b1.2 b1.2 b1.3 b1.3 b1.2 b

Financial Leverage

1.7 x1.7 x1.7 x1.7 x1.6 x1.5 x1.6 x1.5 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

187.7 m208.7 m226.5 m236 m

Depreciation and Amortization

17.7 m17.9 m19.1 m20.1 m

Accounts Receivable

(26 m)(41 m)(26 m)(26.9 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 m145 m221.4 m277.8 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 m166.5 m245.1 m234.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Accounts Receivable

549.9 m502.5 m436.5 m599.1 m510 m464.2 m606.5 m548 m481.6 m

Inventories

760 m729.9 m800.9 m799 m751.9 m746.1 m749.3 m739.7 m751.5 m

Accounts Payable

269 m224.3 m238.3 m243.5 m200.6 m222.5 m273.3 m229.7 m259.7 m
Y, 2017

Financial Leverage

1.6 x

Watsco Market Value History

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Traffic Overview of Watsco

Watsco Online and Social Media Presence

Watsco Company Life and Culture

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