Watsco

Watsco operates the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. We estimate that over 250,000 contractors and service technicians visit or call one of our 572 locations each year to get information, obtain technical support and buy products. HVAC/R products provide comfort to homes and businesses regardless of the outdoor climate. There are approximately 92 million central air conditioning and heating systems installed in the United States that have been in service more than 10 years. Older systems often operate below today’s government mandated energy efficiency and environmental standards. Watsco has an opportunity to accelerate the replacement of these systems at a scale greater than its competitors as the movement toward reducing energy consumption and its environmental impact continues. This is especially important since heating and cooling accounts for approximately half of the energy consumed in a typical U.S. Mission: The HVAC/R industry has never evolved at a rapid pace. Until now. Watsco is the driving force. We are revolutionizing how business can be done with technology platforms that serve one purpose – to help our HVAC/R contractor customers. When they win, we win. Together we are developing a new paradigm to win with speed, efficiency, expertise and customer service. Early results of these technology investments are exciting. The adoption by customers at scale will take time. Benefits will occur over the long-term