MIAMI–(BUSINESS WIRE)–Apr. 18, 2013– Watsco, Inc. (NYSE:WSO) today reported results for the first quar…
Watsco News and Events
Watsco to Host 2013 First Quarter Earnings Conference Call April 18, 2013 - April 10th, 2013
MIAMI–(BUSINESS WIRE)–Apr. 10, 2013– Watsco, Inc. (NYSE: WSO) (Paris: WSO) announced today that it wil…
Watsco Declares Quarterly Dividend - April 1st, 2013
MIAMI–(BUSINESS WIRE)–Apr. 1, 2013– Watsco, Inc. (NYSE: WSO)(Paris:WSO) announced today that its Board…
Watsco in the News
I just want to share a milestone with all of you.
Earlier this year, Watsco celebrated the 40th anniversary of the announcement of Al Nahmad as Watsco’s Chairman, CEO & President. Below is a copy of the announcement that went out that day.
Looking back, the company’s performance has been as follows:
- Revenues +19% CAGR from $4m to >$3b
- Net income +16% CAGR from $350k to > $120m
- Market cap +17% CAGR from $6m to $3b
We asked the NYSE to determine where our Chairman stood on the list of ‘most tenure’ as a Chairman & CEO for companies >$1 billion. Watsco’s Chairman & CEO ranks 10th. Some famous names in the top-10 list:
Warren Buffet, Ralph Lauren & Fred Smith (FedEx).
This a not a “milestone”, but a “stepping stone”.
There is still so much more to do!
Senior Vice President
Watsco, Inc. (NYSE:WSO) (Paris:WSO) today celebrated its Fast Path cross-listing on NYSE Euronext in Paris as the ninth NYSE-listed company to take advantage of this convenient and cost-effective process made available by NYSE Euronext. In honor of the occasion, President & CEO Albert H. Nahmad rings The Opening BellSM. View Now
Energy Efficiency News
While household air conditioners have become both more prevalent and more efficient, new data highlight opportunities to lower energy bills
About 87 percent of the 113.6 million U.S. homes occupied as a primary residence in 2009 had air conditioning equipment, according to data released today by the U.S. Energy Information Administration (EIA). This number is up from about 68 percent as recently as 1993. New data from EIA’s Residential Energy Consumption Survey (RECS) show near total saturation of air conditioning in the South and double digit increases in all remaining regions over that period. Except for the few temperate regions on the West Coast, air conditioners are now standard equipment in most homes, especially in those newly constructed.
Federal energy efficiency performance standards for air conditioning were first adopted for window/wall air conditioners in 1990 and central air conditioners in 1992, and have been updated since that time. In 2009, 10.1 million homes have cooling equipment that predates the first federal efficiency standards, and that equipment is likely to use more than twice as much energy as equipment being manufactured today.
Notable trends in central air conditioning characteristics show:
- 78 percent of homes with central air conditioning (55 million homes) use equipment installed since 1993.
- Homes built in the 1970s and 1980s have the highest share of air conditioning equipment that predates Federal efficiency standards, suggesting that original equipment is in wide use.
The new data collected by EIA also highlight other opportunities for select home improvements and equipment maintenance that can improve both air conditioning and space heating performance and lower energy bills.
- Although it is common practice for Americans to have routine service or maintenance performed on their automobiles, just 42 percent do the same for their central air conditioning systems and 40 percent for their main space heating systems.
- About 80 percent of U.S. homes built from 2000 to 2009 have energy efficient double- or triple-pane windows, up from only 52 percent of homes constructed before 1990.
- Over 40 million households (35%) added weather-stripping or caulking to reduce air leakage from their homes, and 26 million (23%) added insulation.
A brief analysis of air conditioning trends can be found at:
More detailed national, regional, and selected State-level data on home air conditioning, space heating, water heating and household demographics can be found at:
EIA will release additional data and briefs on home energy characteristics from the RECS 2009 throughout 2011. Energy consumption and expenditures for the same households will be released early in 2012.
The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the United States Government. The views in the product and press release therefore should not be construed as representing those of the Department of Energy or other Federal agencies.
EIA Program Contact: James Berry, 202-586-5543, James.Berry@eia.gov
EIA Press Contact: Jonathan Cogan, 202-586-8719, Jonathan.Cogan@eia.gov
Rick Fedrizzi, Chairman & CEO of the U.S. Green Building Council, Discusses Energy Efficiency on His Blog
Watsco’s newest Board member, Rick Fedrizzi, is a leader in the global sustainability movement. Read more…
Government ban on refrigerant could increase costs for replacing home units. Read more…