Watsco Inc Ordinary Shares

WSO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Air Conditioner Product Refresh Will Be a Tailwind for Watsco's Top Line in 2025

Brian Bernard

Apr 24, 2025

Business Strategy and Outlook

Watsco is the largest player in the fragmented heating, ventilation, air conditioning, and refrigeration distribution industry with a mid- to high-teens percentage market share. The company mostly operates in the United States (about 90% of sales) with an outsize presence in the Sunbelt states.

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Watsco Inc Ordinary Shares

Air Conditioner Product Refresh Will Be a Tailwind for Watsco's Top Line in 2025

Business Strategy and Outlook

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