Watsco Inc..
WSO.US | Wholesale of other machinery and equipment
Watsco, Inc. is the largest distributor of air conditioning, heating, and refrigeration (HVAC/R) equipment and related parts and supplies in North America. The company operates through a network of locations, distributing products manufactured by leading companies such as Carrier, Rheem, and Goodman...Show More
Better Health for All
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Watsco Inc. averted 19.2 million metric tons of CO2e between January 2020 and June 2025, which the company states has positive health impacts.
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The company's core products, HVAC/R equipment, contribute to physical wellness. In 2024, 75% of systems sold exceeded minimum efficiency standards.
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The company also sold over 925,000 high-efficiency ductless units, over 800,000 heat pumps, and $1.7 billion in Energy Star and water-saving products.
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Fair Money & Economic Opportunity
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Watsco Inc. is primarily a distributor of HVAC/R equipment and related parts. The provided articles focus on its financial performance, acquisitions, and operational details, such as sales figures, corporate credit facilities, and dividend declarations. Watsco has a $500 million revolving credit agreement.
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The credit facility maturity was extended from April 27, 2017 to July 1, 2018.
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Watsco declared a $3.00 quarterly dividend, marking its 200th consecutive dividend payment.
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The company's dividend rate was increased 10% to $10.80 per share in April 2024.
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The company had $550 million in cash and short-term investments at September 30, 2024, with no borrowings under its $600 million revolving credit facility.
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Watsco acquired eight businesses since August 2019, generating approximately $1 billion in annual sales.
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The estimated HVAC/R Marketplace in the Americas is $35 billion.
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Watsco's revenue run-rate is approximately 10% of the estimated $35 billion marketplace.
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Watsco has over 570 locations in the US, Canada, Mexico, and Puerto Rico.
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Revenue in Q1 2025 was $1.53 billion.
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There was a 2% decline year-over-year in Q1 2025.
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E-commerce sales account for 35% of total sales (inclusive of revenues from recently acquired businesses).
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Sales increased 2% and 3% respectively, though commercial refrigeration sales declined 4% and 3% in the same periods.
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Operating cash flow increased 50% to a record $394 million for the nine-month period.
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There are approximately 89 million US Central AC/Heating Systems in service for more than 10 years.
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There is no evidence within the articles to suggest that Watsco Inc. engages in financial services such as lending, insurance, or deposit services to consumers, nor do they provide data on financial products, fees, or initiatives related to economic opportunity or financial inclusion for underserved populations. Consequently, no specific data points are available in the provided articles to assess the company against any of the KPIs under the 'Fair Money & Economic Opportunity' value.
Fair Pay & Worker Respect
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Watsco's CEO total compensation in 2024 was 98 times the median employee pay.
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Employee engagement, based on Glassdoor reviews, shows an average rating of 3.7 out of 5 stars
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, with 64% of employees recommending the company.
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Reviews also cite concerns regarding benefits, describing them as "poor" or "very bad" in terms of 401K match, PTO, and holidays
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, and mention issues with "old school leadership."
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Historically, the company has faced a workplace safety or health violation in 2010 ($15,750)
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and another in 2015 ($6,000)
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, as well as a wage and hour violation in 2015 ($13,530).
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Fair Trade & Ethical Sourcing
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No specific, quantitative data points were found in the provided articles regarding Watsco Inc.'s fair trade certifications, audit frequency, forced or child labor incidents, supply chain traceability, remediation speed for violations, ethical clause coverage in supplier contracts, materials risk index, or supplier diversity spend.
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Honest & Fair Business
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No specific, quantitative, or sufficiently detailed qualitative evidence was found in the provided articles to assess any of the KPIs against the rubric. The articles include an Audit Committee Charter
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, a list of SEC filings
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, and a summary of the company's Code of Conduct
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, but these documents do not contain the necessary data points regarding regulatory fines, transparency index scores, details of whistleblower policies, financial restatements, audit coverage percentages, ESG controversy scores, complaint resolution times, board conflict-of-interest percentages, anti-corruption policy strength, or third-party verification of ethical claims.
Kind to Animals
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The provided articles do not contain any specific, concrete data points or information related to Watsco Inc.'s performance on animal welfare, cruelty-free certifications, animal testing, ethical sourcing of animal-derived ingredients, or wildlife conservation impact. explicitly states that no data on specific metrics related to Kind to Animals is present, focusing instead on environmental impact and energy efficiency.
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is not relevant to Watsco Inc.
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No War, No Weapons
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No specific data relevant to Watsco Inc. (WSO.US) or the 'No War, No Weapons' ethical value is provided in the available article. The article discusses general U.S. export control policy and dual-use technologies but does not contain any company-specific information regarding any of the defined KPIs.
Planet-Friendly Business
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Watsco Inc. has not outlined specific science-based carbon reduction targets or participated in tracked reduction initiatives.
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The company has also not declared a net-zero target year.
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Respect for Cultures & Communities
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No specific, concrete data points were found in the provided articles that are relevant to the KPIs for Respect for Cultures & Communities. The articles primarily discuss internal employee matters such as training hours and injury rates
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, as well as corporate governance and codes of conduct
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,
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,
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,
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, without addressing community engagement, cultural impact, or related metrics.
Safe & Smart Tech
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Watsco's privacy policy states that users can request access, correction, deletion, and opt-out of certain data collection.
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Users are also provided with preferences to opt out of cookie and third-party data collection for non-essential functions, and to opt out of tracking for advertising on watsco.com.
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The company's privacy policy explicitly mentions compliance with CCPA and CPRA regulations.
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Furthermore, Watsco states that personal data is kept only as long as necessary to provide the requested service.
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Zero Waste & Sustainable Products
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Watsco actively manages hazardous waste through an initiative to propel refrigerant reclaiming in the add-on replacement market.
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The company educates customers indirectly by training its network of technicians on sustainable products and sustainable best practices across the HVAC industry.
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While Watsco has a stated goal to reduce waste across its own operations, specific, quantitative waste reduction targets with defined timelines are not provided.
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