Watsco was founded in 1947 as a parts manufacturer named Wagner Tool & Supply Corp. The company was incorporated in 1956 and went public in 1963.
In the 1970’s Watsco operated in three industries: the manufacture of components for the heating, air conditioning, and refrigeration industry, manufacture components for windows and doors in the construction industry, and the production and sale of hair care products to the beauty industry.
In 1989 the company invested in an air conditioning distribution business, which was the key to the company’s later growth.
Today Watsco is one of the country’s largest distributors of air conditioning, refrigeration, and residential and commercial heating equipment, parts and supplies (HVAC/R). The company operates through 570 distribution sites in 35 states, Canada, Mexico, and Puerto Rico.
The company trades publicly on the New York Stock Exchange under the ticker symbol WSO, is a member of the S&P 400, is #627 in the Fortune 1000, is a member of the Russell 2000, has 4,800 employees, and had $3.90 billion in revenue in 2013.
WatscoWatsco was founded in 1947 as a parts manufacturer named Wagner Tool & Supply Corp. The company was incorporated in 1956 and went public in 1963.
In the 1970’s Watsco operated in three industries: the manufacture of components for the heating, air conditioning, and refrigeration industry, manufacture components for windows and doors in the construction industry, and the production and sale of hair care products to the beauty industry.
In 1989 the company invested in an air conditioning distribution business, which was the key to the company’s later growth.
History
Today Watsco is one of the country’s largest distributors of air conditioning, refrigeration, and residential and commercial heating equipment, parts and supplies (HVAC/R). The company operates through 570 distribution sites in 35 states, Canada, Mexico, and Puerto Rico.
The company trades publicly on the New York Stock Exchange under the ticker symbol WSO, is a member of the S&P 400, is #627 in the Fortune 1000, is a member of the Russell 2000, has 4,800 employees, and had $3.90 billion in revenue in 2013.