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Watsco

#966

Rank

$20.08B

Marketcap

US United States

Country

Watsco
Leadership team

Mr. Albert H. Nahmad (Chairman & CEO)

Mr. Aaron J. Nahmad (Pres & Director)

Ms. Ana M. Menendez (CFO & Treasurer)

Products/ Services
Customer Service, Electronics, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Coral Gables, Florida, United States
Established
1945
Company Registration
SEC CIK number: 0000105016
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
WSO
Social Media
Overview
Location
Summary
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment comprising residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. As of December 31, 2021, it operated from 671 locations in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida.
History

Watsco was founded in 1947 by Harold Watsky in Hialeah, Florida. Watsky recognized the untapped potential within the HVAC/R industry and rapidly expanded the company within Florida and the Southeastern United States. In 1995, Watsco entered the New York Stock Exchange symbolizing the company’s tremendous growth.

Mission
Watsco’s goal is to build a network of locations that provide the finest service and product availability for HVAC/R contractors, assisting and supporting them as they serve homeowners and businesses.
Vision
Our vision is to be the preferred partner for HVAC/R customers who demand prompt and secure availability of a comprehensive range of quality equipment, parts, and supplies backed by accurate order fulfillment and the best customer service.
Key Team

Mr. Barry S. Logan (Exec. VP of Planning & Strategy and Sec.)

Mr. Steven Rupp (Chief Technology Officer)

Mr. Paul W. Johnston (Exec. VP)

Mr. Rick Gomez (VP of Corp. Devel.)

Recognition and Awards
The company has been named by Forbes Magazine as one of the 100 Most Trustworthy Companies in 2010, as well as being included in Fortune Magazine's list of 100 Fastest Growing Companies in 2012. Watsco has also been awarded the US EPA's 2017 SMARTWay Excellence Award for its commitment to reducing freight emissions and increasing efficiency.
References
Watsco
Leadership team

Mr. Albert H. Nahmad (Chairman & CEO)

Mr. Aaron J. Nahmad (Pres & Director)

Ms. Ana M. Menendez (CFO & Treasurer)

Products/ Services
Customer Service, Electronics, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Coral Gables, Florida, United States
Established
1945
Company Registration
SEC CIK number: 0000105016
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
WSO
Social Media