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, US
Websitewatsco.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2018)5,200
Job Openings5
Revenue (FY, 2018)$4.5 B(+5%)
Share Price (Jun 2019)$167.6

Key People/Management at Watsco

Albert H. Nahmad

Albert H. Nahmad

CEO
Barry S. Logan

Barry S. Logan

Senior Vice President
Ana Menendez

Ana Menendez

CFO
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Watsco Office Locations

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

Watsco Revenue

Watsco's revenue was reported to be $4.55 b in FY, 2018
USD

Revenue (Q2, 2019)

1.4b

Gross profit (Q2, 2019)

328.0m

Gross profit margin (Q2, 2019), %

23.9%

Net income (Q2, 2019)

107.9m

EBIT (Q2, 2019)

134.4m

Market capitalization (10-Jun-2019)

6.3b

Closing stock price (10-Jun-2019)

167.6

Cash (30-Jun-2019)

55.9m
Watsco's current market capitalization is $6.3 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

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

Revenue growth, %

5%4%3%3%

Cost of goods sold

3.1b3.2b3.3b3.4b

Gross profit

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

Revenue

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

Cost of goods sold

933.7m695.7m1.7b977.0m697.5m1.0b

Gross profit

295.9m230.8m551.6m319.0m233.8m328.0m

Gross profit Margin, %

24%25%24%25%25%24%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

19.5m24.4m35.2m56.0m80.5m82.9m

Accounts Receivable

399.6m434.2m451.1m476.0m478.1m501.9m

Inventories

583.2m678.0m674.0m685.0m761.3m837.1m

Current Assets

1.0b1.2b1.2b1.2b1.3b1.4b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

29.2m19.5m16.9m16.7m16.3m21.9m28.5m32.9m30.5m35.9m47.4m51.0m66.7m58.1m72.0m67.6m77.3m55.9m

Accounts Receivable

466.3m394.9m549.9m502.5m436.5m599.1m510.0m464.2m606.5m548.0m481.6m613.2m568.5m486.7m659.9m602.8m504.7m655.4m

Inventories

643.9m707.8m760.0m729.9m800.9m799.0m751.9m746.1m749.3m739.7m751.5m770.0m786.1m810.0m872.9m810.9m893.6m967.4m

Current Assets

1.2b1.1b1.3b1.3b1.3b1.4b1.3b1.3b1.4b1.3b1.3b1.5b1.4b1.4b1.6b1.5b1.5b1.7b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

187.7m208.7m226.5m236.0m257.3m296.5m

Depreciation and Amortization

17.7m17.9m19.1m20.1m22.0m22.1m

Inventories

(41.0m)(99.0m)(3.7m)(9.7m)(73.4m)(79.0m)

Accounts Payable

(7.3m)45.2m(11.8m)43.7m100.0m(57.4m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

159.8m24.4m124.6m42.4m150.6m247.5m43.8m151.7m

Depreciation and Amortization

13.2m4.4m10.9m5.5m11.0m16.5m5.8m11.7m

Inventories

(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)

Accounts Payable

60.3m112.3m269.0m224.3m238.3m243.5m200.6m222.5m273.3m229.7m259.7m104.6m296.3m(36.6m)107.9m(23.3m)55.4m161.7m
USDY, 2019

Financial Leverage

1.6 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 Online and Social Media Presence

Embed Graph

Watsco News and Updates

Watsco Announces Advisory Board Appointments and Executive Promotion

MIAMI, Sept. 17, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) - Watsco, Inc. today announced appointments to its Advisory Board as well as the promotion of Barry S. Logan to Executive Vice President – Planning & Strategy.

Watsco Completes Peirce-Phelps Acquisition

Adds $206 Million in Sales and 19 Locations in New Markets Continuation of Buy-and-Build Strategy to Expand Industry-Leading Network

Watsco Reports Record Second Quarter Results

Record First-Half Operating Cash Flow; Continued Investments in Technology and Network Expansion;Announced Purchase of $206 Million HVAC Distributor Peirce-Phelps, Inc.

Watsco To Acquire Peirce-Phelps, Inc. - $206 Million Philadelphia-Based HVAC Distributor

MIAMI, July 18, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it has signed an agreement to acquire the HVAC business of Peirce-Phelps, Inc. Closing of the transaction is subject to customary conditions and is expected to occur within the next 30 days. Peirce-Phelps will o…

Watsco to Host 2019 Second Quarter Earnings Call July 18, 2019

MIAMI, July 15, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2019 second quarter earnings results on Thursday, July 18, 2019 at 10:00 a.m. (EDT). Prepared remarks regarding the financial and operational results will be followe…

Watsco to Present at the William Blair 39th Annual Growth Stock Conference on June 6, 2019

MIAMI, May 31, 2019 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced today that Barry Logan, Senior Vice President, is scheduled to present at the William Blair 39th Annual Growth Stock Conference being held at the Loews Chicago Hotel on Thursday, June 6, 2019 at 3:20 p.m. (CDT). Internet use…
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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 $4.5 b.

  • What is Watsco revenue per employee?

    Latest Watsco revenue per employee is $874.4 k.

  • Who are Watsco competitors?

    Competitors of Watsco include Avnet, SPX Corporation and HD Supply.

  • Where is Watsco headquarters?

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

  • Where are Watsco offices?

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

  • How many offices does Watsco have?

    Watsco has 5 offices.