Profile: Watsco Inc (WSO.N)
14 Mar 2014
Watsco, Inc.( Watsco), incorporate on July 14, 1956, is the distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry. As of December 31, 2012, the Company operated from 573 locations in 38 United States, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to Latin America and the Caribbean, through which it serves more than 50,000 contractors and dealers that service the replacement and new construction markets. It sells an expansive line of products and maintains a diverse mix of inventory to meet its customers’ immediate needs . The Company seeks to provide products a contractor, which would generally require when installing or repairing a central air conditioner, furnace or refrigeration system on short notice.
The cooling capacity of air conditioning units is measured in tons. One ton of cooling capacity is equivalent to 12,000 British Thermal Units (BTUs) and is generally adequate to air condition approximately 500 square feet of residential space. The Company's products consist of equipment, including residential central air conditioners ranging from 1-1/2 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 BTUs, commercial air conditioning and heating equipment and systems ranging from 1-1/2 to 25 tons and other specialized equipment, parts, including replacement compressors, evaporator coils, motors and other component parts and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives and other ancillary supplies. It also sells products to the refrigeration market. These products include condensing units, compressors, evaporators, valves, refrigerant, walk-in coolers and ice machines for industrial and commercial applications. It distributes products manufactured by Copeland Compressor Corporation, a subsidiary of Emerson Electric Co. (Emerson), E. I. Du Pont De Nemours and Company (DuPont), Mueller Industries, Inc., Owens Corning Insulating Systems, LLC and The Manitowoc Company, Inc. (Manitowoc).
The Company maintains inventories at each of its warehouse locations and delivers products to customers using one of its 629 trucks or a third party logistics provider, or it makes products available for pick-up at the location nearest to the customer. It has approximately 925 commissioned salespeople, averaging more than 11 years of experience in the HVAC/R distribution industry.
Suite #901, 2665 South Bayshore
COCONUT GROVE FL 33133