Strong Residential Replacement Sales, Market Share Gains and Improved Margins From Operating Efficienc…
Watsco News and Events
Watsco Achieves Record 2013 Fourth Quarter and Full Year Operating Results - February 13th, 2014
Watsco to Host 2013 Fourth Quarter Earnings Conference Call February 13, 2014 - February 4th, 2014
MIAMI–(BUSINESS WIRE)–Feb. 4, 2014– Watsco, Inc. (NYSE: WSO) announced today that it will host a co…
Watsco Declares Quarterly Dividend - January 2nd, 2014
MIAMI–(BUSINESS WIRE)–Jan. 2, 2014– Watsco, Inc. (NYSE: WSO) announced today that its Board of Dire…
Watsco in the News
Coconut Grove-based Watsco Inc. is one of the biggest local companies you’ve probably never heard of.
With about 4,600 employees, Watsco distributes new equipment and parts for air conditioning, refrigeration and heating systems at more than 570 locations in 38 states, Puerto Rico, Mexico and Canada.
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
Energy Efficiency News
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…