Company

Watsco, Inc.

Headquarters: Miami, FL, United States

Founded: 1956, Florida

Employees: 6,850

CEO: Mr. Albert H. Nahmad

Market Cap

$16.17 Billion

USD as of Jan. 1, 2024

Market Cap History

Watsco, Inc. market capitalization over time

Evolution of Watsco, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Watsco, Inc.

Detailed Description

Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.

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Product & Services

HVAC parts and supplies

Key People

Albert H. Nahmad (Chairman & CEO) Aaron J. Nahmad (President) Ana M. Menendez (CFO)

Financials

Revenue: US$ 5.05 billion (2020)

Operating income: US$ 401.03 million (2020)

Net income: US$ 323.17 million (2020)


Total assets: US$ 2.48 billion (2020)

Total equity: US$ 1.78 billion (2020)

Details

Headquarters:

2665 South Bayshore Drive

Suite 901

Miami, FL 33133

United States

Phone: 305 714 4100

Fax: 305 858 4492