Watsco Inc. (Watsco) is an independent distributor of heating, air conditioning, and refrigeration (HVAC/R) products in the US. The company operates at 434 locations in 34 states serving over 40,000 contractors and dealers who service the replacement and new construction markets. The company is headquartered in Coconut Grove, Florida and employs about 3,600 people.
The company recorded revenues of $1,758 million during the fiscal year ended December 2007, a decrease of 0.7% compared with 2006. The decrease in sales was due to decline in sales of HVAC equipment and other products. The operating profit of the company was $111.2 million in 2007, a decrease of 17.9% compared with 2006. The net profit was $65.6 million in 2007, a decrease of 20.4% compared with 2006.