Watsco Inc Ordinary Shares

WSO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Watsco's Technology Investments Continue to Support Stronger Profit Margins

Brian Bernard

Oct 23, 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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Watsco Inc Ordinary Shares

Watsco's Technology Investments Continue to Support Stronger Profit Margins

Business Strategy and Outlook

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