What Defines us

Long-term focus, entrepreneurial culture, and technological edge

Proud to be one of the
country's largest corporations
based on revenues

EBFA27CD-3AD9-4782-82F6-20F5D581B2BECreated with sketchtool. Play Video

Watsco by the Numbers

Through its entrepreneurial and technology-driven culture, Watsco has established itself as the largest distributor in the highly fragmented $50+ billion North American HVAC/R distribution market.

30-year performance

30yeargraph@2x-min
19% CAGR in operating income
15% CAGR in sales

33-year as of 12/31/22

$7.3
Billion in revenue

Our Environmental Impact

At Watsco, we are uniquely positioned to help drive the transition to a lower carbon future. That’s why we are committed to providing high efficiency HVAC units, heat pumps, and energy saving supplies.

18.3M metric tons of CO2e averted

from the sale of high efficiency equipment from January 2020 – September 2023

797K heat pumps sold in 2022

+1.6BN in sales of Energy Star products in 2022

> 1,000 electric forklifts in use at our branches

How we got here

The company, Wagner Tool & Supply Corp., is founded in New York


1947

Watsco, Inc. is incorporated in Florida


1956

Watsco goes public


Albert H. Nahmad becomes Chairman, President and CEO


Watsco acquires an 80% interest in Gemaire in Florida and shifts focus to distribution


Watsco acquires locations from Carrier and ICP and enters the refrigeration market with the acquisition of Baker Distributing Company


Watsco sells its manufacturing operation and its revenues reach US$1 billion


Watsco acquires East Coast Metal Distributors, a distributor of Goodman products


2005

Watsco forms first joint venture with Carrier Global Corporation and its revenues reach US$2 billion


Watsco enters Canada and revenues exceed US$3 billion


Watsco expands its presence in the Northeast


Watsco’s revenues reach US$5 billion


Watsco expands its presence in the Midwest and its revenues reach US$6 billion


Watsco’s revenues reach US$7 billion, e-com sales reach US$2 billion and the company was named to the Fortune 500 list



From Fortune ©2023 Fortune Media IP Limited. All rights reserved. Used under license. Fortune and Fortune 500 are registered trademarks of Fortune Media IP Limited and are used under license. Fortune and Fortune Media IP Limited are not affiliated with, and do not endorse the products or services of, Watsco.

Visit Investor Relations