Watsco

Overview

Watsco, Inc.

type	Public
traded as	nyse: WSO nyse: WSO.B (Class B) S&P 400 Component (WSO)
foundation	1956, Florida
location city	Miami, Florida
location country	US
key people	Albert H. Nahmad (Chairman & CEO) Aaron J. Nahmad (President) Ana M. Menendez (CFO)
industry	HVAC/R Distribution
products	HVAC parts and supplies
revenue	US$ 7.27 billion (2022)
operating income	US$ 831.58 million (2022)
net income	US$ 703.70 million (2022)
assets	US$ 3.49 billion (2022)
equity	US$ 2.25 billion (2022)
num employees	7,300‡R1R‡
num employees year	2022
locations	673 (2022)
homepage	www.watsco.com
footnotes	‡R2R‡

Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States.[2] Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.[3][4][5][6]

Key dates

1947: The company, Wagner Tool & Supply Corp., is founded in New York

1956: Watsco, Inc. incorporated in Florida