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Watsco Inc Class A WSO Stock Quote

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NYSE:WSO

Morningstar‘s Stock Analysis WSO

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Economic Moat

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We Now See a Steeper Housing Market Downturn in 2023 but Our Long-Term Outlook Is Unchanged

Analyst Note

| Brian Bernard, CFA, CPA |

After analyzing recent United States housing market data and industry commentary, we've made downward revisions to our near-term outlook for new residential construction, home prices, and repair and remodel spending.

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Key Statistics WSO

Company Profile WSO

Business Description

Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (90% of 2021 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (6% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.

Contact
2665 South Bayshore Drive, Suite 901
Miami, FL, 33133
T +1 305 714-4100
Industry Industrial Distribution
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 6,900