Watsco Inc
Watsco Inc

Watsco Inc

Watsco Inc High Paying Jobs, Compensation Information and Expert Network Connections

lightbulbWhat are the highest paying jobs at Watsco Inc?

Watsco, Inc. is the largest distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components and tools used in the HVAC/R industry. Under the leadership of its current CEO, Albert H. Nahmad, from 1973 to 1988 Watsco grew from US$5 million in revenues to US$25 million. In 1989, the company shifted its focus from manufacturing to distribution by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor. By 1997, Watsco added other OEMs to the mix and moved into commercial refrigeration as a result of the acquisition of Baker Distributing Company. Watsco divested its manufacturing business in 1998, selling it to International Comfort Products Corporation, now part of Carrier Corporation. Revenues increased from US$64.1 million in 1989 to US$5.1 billion in 2020 via a strategy of acquiring companies with established market position and subsequently building revenues and profit through a combination of adding locations, products, services and other initiatives.

Watsco's goal is to build a network of locations throughout North America that provide the finest service and product availability for HVAC/R contractors, assisting and supporting them as they serve homeowners and businesses. Watsco has approximately 5,800 employees assisting approximately 100,000 contractors and dealers who in turn, service, repair or replace HVAC/R systems in homes and businesses. At December 31, 2020, the company operated from 600 locations in 37 U.S. states, Canada, Mexico and Puerto Rico with additional market coverage on an export basis to Latin America and the Caribbean. Watsco is the only publicly traded HVAC/R distributor. The company's Common stock is traded under the symbol WSO on the New York Stock Exchange. The company's Class B common stock is traded on the NYSE under the ticker symbol WSO.B. Albert Nahmad, Chairman and CEO, and Aaron Nahmad, President, control the company with 51% of the aggregate combined voting power.

Highest paying job titles at Watsco Inc include Software Engineer, Quality Assurance Engineer, and Technical Support Manager

Snapshot

Employees5,800
Market Cap$11 billion
Revenue$5 billion
5 Year Trendarrow trend up+4.2%
Net Income$269.5 million
NYSEWSO
Founded1945
pie chartAnnual Report
stats icon
Total value of jobs:
$2,162,500
stats icon
Total Jobs:
7
stats icon
Average Pay:
$127,205
stats icon
Total Experts:
2
stats icon
% Masters:
30%

Top Experts at Watsco Inc

hand in laptop pointing to email icon

Opportunities happen
…if you’re aware they’re there

Watsco Inc Compensation

Software Engineer

$

$

Average Compensation:$NaN

Quality Assurance Engineer

$

$

Average Compensation:$NaN

Technical Support Manager

$

$

Average Compensation:$NaN

View All Compensation blue arrow

Top Jobs at Watsco Inc by City