Watsco

Retail air conditioning building materials distribution electronics equipment

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 distributes 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.

Revenue(FY, 2016)

$4.2 B

Market capitalization(2018-06-22)

$6.8 B

Type

Public

Miami, US

Founded

1945

Size (employees)

5,050 (est)

Website

watsco.com

Watsco was founded in 1945 and is headquartered in Miami, US

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Watsco Office Locations

Watsco has an office in Miami

Miami, US (HQ)

2665 S Bayshore Dr

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Watsco Financials and Metrics

Watsco Financials

Watsco's revenue was reported to be $4.22 b in FY, 2016 which is a 2.6% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	926.6 m
Gross profit (Q1, 2018)	230.8 m
Gross profit margin (Q1, 2018), %	24.9%
Net income (Q1, 2018)	42.4 m
EBIT (Q1, 2018)	53.9 m
Market capitalization (22-Jun-2018)	6.8 b
Closing share price (22-Jun-2018)	181.6
Cash (31-Mar-2018)	58.1 m

Watsco's current market capitalization is $6.8 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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			1 b	1 b

Quarterly

USD	Q1, 2018
Revenue	926.6 m
Cost of goods sold	695.7 m
Gross profit	230.8 m
Gross profit Margin, %	25%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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

Quarterly

USD	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
Cash	29.2 m	19.5 m	16.9 m	16.7 m	16.3 m	21.9 m	28.5 m	32.9 m	30.5 m	35.9 m	47.4 m	51 m	66.7 m	58.1 m
Accounts Receivable	466.3 m	394.9 m	549.9 m	502.5 m	436.5 m	599.1 m	510 m	464.2 m	606.5 m	548 m	481.6 m	613.2 m	568.5 m	486.7 m
Inventories	643.9 m	707.8 m	760 m	729.9 m	800.9 m	799 m	751.9 m	746.1 m	749.3 m	739.7 m	751.5 m	770 m	786.1 m	810 m
Current Assets	1.2 b	1.1 b	1.3 b	1.3 b	1.3 b	1.4 b	1.3 b	1.3 b	1.4 b	1.3 b	1.3 b	1.5 b	1.4 b	1.4 b

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 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
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

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q3, 2017	Q1, 2018
Net Income											42.4 m
Depreciation and Amortization											5.5 m
Inventories	760 m	729.9 m	800.9 m	799 m	751.9 m	746.1 m	749.3 m	739.7 m	751.5 m	786.1 m	(49.9 m)
Accounts Payable	269 m	224.3 m	238.3 m	243.5 m	200.6 m	222.5 m	273.3 m	229.7 m	259.7 m	296.3 m	(36.6 m)