Think about the last time your air conditioner failed you. You didn’t go to Home Depot and walk out with a compressor on your cart.
The story of Watsco Inc. is entrepreneurial to its core. “And it was my father who made it what it is today,” said A.J. Nahmad.
As the winter months approach, homeowners across the country are looking at the prospects of high heating costs once again, and many are looking at possible ways to cut their utility bills.
Watsco (WSO) is a name very few are familiar with and one that doesn’t get a lot of attention. However, it’s a company that investors should take a closer look at.
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:
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