Watsco, Inc.

Watsco, Inc. is the largest distributor of air conditioning, heating, and refrigeration (HVAC/R) equipment, parts, and supplies in the Americas. Headquartered in Miami, Florida, specifically Coconut Grove, the company's core business involves connecting manufacturers with end-users efficiently. Originally founded in 1956 as a manufacturer, Watsco strategically shifted its focus to distribution in 1989, a move that has been pivotal to its sustained growth and market dominance. The company's mission includes a commitment to long-term growth, technological innovation, and promoting environmentally friendly solutions by distributing high-efficiency and low-carbon HVAC equipment, contributing to efforts against climate change.

Watsco's extensive product portfolio includes residential ducted and ductless air conditioners, gas, electric, and oil furnaces, as well as commercial air conditioning and heating equipment systems. Beyond major equipment, they supply a comprehensive range of parts such as replacement compressors, evaporator coils, motors, thermostats, insulation, refrigerants, ductwork, and various tools and ancillary supplies. The company also caters to the commercial refrigeration market. Watsco provides value-added services including technical training, product support, and equipment financing solutions. They leverage proprietary digital platforms, including HVAC Pro+ mobile apps, e-commerce solutions, and the OnCallAir® digital sales tool, to enhance customer experience and operational efficiency. The company primarily serves residential and commercial HVAC/R contractors and dealers, with a significant focus on the replacement market for existing systems across the United States, Canada, Mexico, Latin America, and the Caribbean.

As the largest HVAC/R distributor in North America, Watsco holds an estimated 13-15% market share within a highly fragmented industry. The company is recognized as a Fortune 500 entity and maintains a strong market position through a combination of organic expansion, strategic acquisitions, and technological investments. Recent notable developments include the announced acquisition of Jackson Supply Company, expected to close in Q2 2026, and strong first-quarter 2026 performance reflecting stabilizing markets and improved operating efficiency. Watsco has also demonstrated a consistent commitment to shareholder returns, recently increasing its annual dividend by 10% to $13.20 per share, marking 52 consecutive years of dividend payments. The leadership team includes Albert H. Nahmad as Chairman and CEO, Aaron J. Nahmad as President, and Ana M. Menendez as CFO.