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, FL, US
Websitewatsco.com
Employee Ratings3.9

Latest Updates

Employees (est.) (Dec 2018)5,200
Job Openings5
Revenue (FY, 2020)$5.1 B(+6%)
Share Price (Apr 2021)$270
Cybersecurity ratingAMore

Key People/Management at Watsco

Albert H. Nahmad

Albert H. Nahmad

CEO & Director
Barry S. Logan

Barry S. Logan

Senior Vice President
Ana Menendez

Ana Menendez

Chief Financial Officer & Treasurer
Cesar L. Alvarez

Cesar L. Alvarez

Co-Vice Chairman
J. Michael Custer

J. Michael Custer

Director
Denise Dickins

Denise Dickins

Lead Independent Director
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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
Show all (5)

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-Apr-2021)

10.3b

Closing stock price (7-Apr-2021)

270.0

Cash (31-Dec-2020)

146.1m

EV

10.4b
Watsco's current market capitalization is $10.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.7b3.9b4.1b4.2b4.3b4.5b4.8b5.1b

Revenue growth, %

5%4%3%3%

Cost of goods sold

3.1b3.2b3.3b3.4b3.6b3.8b

Gross profit

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

Revenue

1.2b926.6m2.3b1.3b931.3m1.4b1.4b1.0b1.4b1.5b

Cost of goods sold

933.7m695.7m1.7b977.0m697.5m1.0b1.1b760.5m1.0b1.2b

Gross profit

295.9m230.8m551.6m319.0m233.8m328.0m334.7m247.6m319.2m373.8m

Gross profit Margin, %

24%25%24%25%25%24%24%25%24%24%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

126.5m15.7m73.8m19.5m24.4m35.2m56.0m80.5m82.9m74.5m146.1m

Accounts Receivable

305.1m327.7m377.7m399.6m434.2m451.1m476.0m478.1m501.9m533.8m535.3m

Prepaid Expenses

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

Inventories

391.9m465.3m546.1m583.2m678.0m674.0m685.0m761.3m837.1m920.8m781.3m
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, 2020Q3, 2020

Cash

87.8m99.9m35.5m18.6m21.0m18.1m35.2m46.0m22.0m25.5m29.2m19.5m16.9m16.7m16.3m21.9m28.5m32.9m30.5m35.9m47.4m51.0m66.7m58.1m72.0m67.6m77.3m55.9m60.2m51.2m79.6m92.6m

Accounts Receivable

385.5m338.0m283.0m435.0m404.7m339.4m509.6m455.7m380.9m525.6m466.3m394.9m549.9m502.5m436.5m599.1m510.0m464.2m606.5m548.0m481.6m613.2m568.5m486.7m659.9m602.8m504.7m655.4m640.8m574.8m676.6m644.1m

Prepaid Expenses

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

Inventories

522.5m456.8m502.8m612.7m540.5m532.4m672.4m618.1m647.1m692.0m643.9m707.8m760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m770.0m786.1m810.0m872.9m810.9m893.6m967.4m970.5m942.8m854.4m884.7m
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

80.8m90.5m103.3m187.7m208.7m226.5m236.0m257.3m296.5m295.8m323.2m

Depreciation and Amortization

10.8m11.7m15.9m17.7m17.9m19.1m20.1m22.0m22.1m24.5m25.9m

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)43.7m100.0m(57.4m)12.7m33.9m
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, 2020Q3, 2020

Net Income

38.9m70.3m7.5m43.5m77.1m8.5m47.6m88.6m13.4m64.7m110.4m16.8m99.9m42.4m150.6m203.3m35.0m125.2m208.7m30.5m117.1m223.6m

Depreciation and Amortization

5.1m7.7m2.6m5.5m8.5m3.1m6.9m11.3m4.3m8.7m13.2m4.4m10.9m5.5m11.0m16.5m5.8m11.7m18.0m6.5m12.9m19.4m

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)760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m(83.5m)786.1m(49.9m)(113.8m)(50.6m)(55.6m)(117.6m)(74.4m)(27.3m)63.4m34.4m

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)55.4m161.7m99.6m66.0m183.0m158.1m
USDQ2, 2010

Financial Leverage

1.5 x
Show all financial metrics

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 Cybersecurity Score

Cybersecurity ratingPremium dataset

A

97/100

SecurityScorecard logo

Watsco Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Watsco Online and Social Media Presence

Embed Graph

Watsco Company Culture

  • CEO Rating

    D

    60/100

  • Compensation

    B

    73/100

Learn more on Comparably

Watsco News and Updates

Watsco Boosts Annual Dividends 10% to $7.80

Quarterly Rate $1.95 Per Share Quarterly Rate $1.95 Per Share

Watsco to Acquire Temperature Equipment Corporation, $291 Million Chicago-Based HVAC Distributor

Enables Entrance into New Markets with 32 Locations and 10,000 Contractor-Customers Enables Entrance into New Markets with 32 Locations and 10,000 Contractor-Customers

Watsco Boosts Annual Dividend 10% to $7.80 Per Share

MIAMI, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that its Board of Directors has approved a 10% increase in its annual dividend to $7.80 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the Company’s next …

Watsco to Host 2020 Earnings Call February 11, 2021

MIAMI, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2020 fourth quarter and annual financial results on Thursday, February 11, 2021 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a que…

Watsco Declares $1.775 Quarterly Dividend 47th Consecutive Year of Paying Dividends

MIAMI, Jan. 04, 2021 (GLOBE NEWSWIRE) -- Watsco, Inc.’s (NYSE: WSO) Board of Directors has declared a regular quarterly cash dividend of $1.775 on each outstanding share of its Common and Class B common stock payable on January 29, 2021 to shareholders of record at the close of business on January…

Watsco Announces 2020 Annual Sales Have Surpassed $5 Billion

MIAMI, Dec. 30, 2020 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported today that its 2020 annual sales have surpassed $5 billion.
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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 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.