AI Prospecting for Watsco
Company data:
Company size:
7350 employeesWebsite URL:
https://www.watsco.comIndustry
Distribution and ServiceHeadquarters:
2665 S. Bayshore Drive, Suite 901, Miami, Florida, USAInvestment round:
NYSE: WSOARR:
$7 billionLatest news about Watsco
Here are some of the most recent media mentions. Use them in your sales prospecting to qualify a prospect's buyer intent and personalize outreach with the latest company updates
Watsco reported record Q3 2024 sales of $2.16 billion, a 2% increase, with flat net income of $171 million. Operating cash flow rose 50% to $394 million. Unit sales of residential HVAC equipment stabilized, while commercial HVAC systems saw solid growth. Business trends improved in October with mid-single digit sales growth[1][2][4].
Watsco's 2024 performance includes regaining sales and market share after 2023 disruptions, driven by co-investments with a primary OEM, which, though dilutive to gross margins by 30 basis-points, are yielding positive results. The company anticipates increased demand in 2024 from the transition to A2L products and lower mortgage rates[2][3][5].
Watsco is set to increase its dividend in April 2024, marking 50 years of consecutive payments. The company anticipates increased demand in 2024 driven by the transition to environmentally friendly A2L products and lower mortgage rates, despite current challenges in inventory management and pricing for these new products[2][3].
Open job positions at Watsco
This company is actively hiring to fill these roles. Use this for sales prospecting if your solution assists, augments, or provides an alternative for the growing team and position.
