Watsco Inc Class A

WSO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$354.00	Cgcns	Wrbrlsddc

Watsco Is the Largest HVAC Distributor in North America

Brian Bernard

Apr 25, 2024

Business Strategy and Outlook

Watsco is the largest player in the fragmented heating, ventilation, air conditioning, and refrigeration distribution industry with a mid- to high-teens percentage market share. The company mostly operates in the United States (about 90% of sales) with an outsize presence in the Sunbelt states.

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