BNET Industries
Market Cap:$1.4B
Last Fiscal Year Sales:$1.7B
- Public
- US
Dow Jones Description
Watsco, Inc. and its subsidiaries (collectively, Watsco, which may be referred to as we , us or our ) was incorporated in 1956 and is the largest independent distributor of air conditioning, heating, and refrigeration equipment and related parts and supplies (HVAC/R) in the United States. At December 31, 2008 we operated from 417 locations in 34 states serving over 40,000 contractors and dealers who service the replacement and new construction markets. Our revenues in HVAC/R distribution have increased from $64 million in 1989 to $1.7 billion in 2008 via a strategy of acquiring companies with established market positions and subsequently building revenue and profit through a combination of adding locations, products, services and other initiatives. Our principal executive office is located at 2665 South Bayshore Drive, Suite 901, Coconut Grove, Florida 33133, and our telephone number is (305) 714-4100. Our website address on the Internet is www.watsco.com and e-mails may be sent to info@watsco.com.
Number of Employees 3,100
Contact Information
2665 S Bayshore Dr Ste 901
Coconut Grove, Florida 33133
(305) 714-4100
Peer Companies
NAICS Code Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers: 423730
Recent Events
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Watsco Reports Third Quarter Financial Results
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Watsco WSO Declares Quarterly Dividend of 48c, Yielding 3.64%
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BRIEF-RESEARCH ALERT-JP Morgan upgrades GE to overweight
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Watsco Second Quarter Sales Down 21%
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Watsco, Carrier complete joint venture
News & Analysis
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watsco inc. - All News and Analysis
Watsco: A Compelling Play on HVAC/R Industry Outlook
Zacks.com submits: Watsco, Inc. ([[WSO]] - Analyst Report) has increased its market share significantly through acquisitions. Since 1989, the company has acquired around 53 HVAC/R businesses. Despite the economic slowdown, Watsco continues to actively seek acquisition opportunities to allow further penetration into existing markets and expand into new...
Watsco?s Big Potential in Housing Recovery and Cuba
Ockham Research submits: CNBC’s Jim Cramer has gone on record for months saying the housing bottom was coming on June 30th. Like him or not, Cramer is not afraid to make bold predictions and stick to his guns. Now that his proposed housing recovery is just two...
Watsco Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Matt Duncan – Stephens. Matt Duncan – Stephens The first question I’ve got and Al you touched on this a little bit and I appreciate that it’s probably a little bit difficult to give 2009 guidance at this point in...
Watsco, Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Matt Duncan – Stephens Inc. Matt Duncan – Stephens Inc. The first question I’ve got, Al, do you have the numbers in front of you for the percent change in your replacement in new construction sales year over...
Zacks Analyst Blog Highlights: National Semiconductor Corp., Watsco, Inc., Principal Financial Group, Genta Incorp. and United Therapeutics Corp
CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: National Semiconductor Corp. (NYSE: NSM), Watsco, Inc. (NYSE: WSO), Principal Financial...
Watsco, Incorporated Second Quarter Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instruction. Your first question comes from line of Matt Duncan of Stephens. Matt Duncan Good morning gentlemen and congrats on a nice quarter. Albert Nahmad Thanks Matt. Matt Duncan The first question I have got, Al, you mentioned that replacements were up about 8%. ...
Watsco, Incorporated Q1 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question comes from the line of Curt Woodworth. Curtis Woodworth – J.P. Morgan In terms of thinking about the revenue outlook for the remainder of the year on a same-store basis, given that this quarter obviously has a high proportion...
ICO, NEU, WSO, ANSW, ASTI, BWLD Have Been Removed From Naked Short List Today.
M2 PRESSWIRE-14 March 2008-BUYINS.NET: ICO, NEU, WSO, ANSW, ASTI, BWLD Have Been Removed From Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:14032008 BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short...
LFG, WSO, HQS, XNL, BPHX, CUBA Have Been Added To Naked Short List Today.
M2 PRESSWIRE-29 February 2008-BUYINS.NET: LFG, WSO, HQS, XNL, BPHX, CUBA Have Been Added To Naked Short List TodayC1994-2008 M2 COMMUNICATIONS LTD RDATE:29022008 BUYINS.NET, www.buyins.net, announced today that these select companies have been added to the NASDAQ, AMEX and NYSE naked short...
Watsco Inc. Q4 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you Operator Instructions Your first question comes from the line of Matt Duncan with Stephens Inc. Matt Duncan - Stephens Inc Good morning, Al and Barry. Barry Logan Good Morning and Paul I forgot to mention Paul. Matt Duncan - Stephens Inc Paul, how are you?...
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