Watsco Inc Class A
WSO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$194.00 | Vtyjhl | Jvgqjwft |
Watsco Is a Great Business, but We Remain Unconvinced That Record-Setting Performance Is New Normal
Business Strategy and Outlook
Watsco is the largest player in the fragmented heating, ventilation, air-conditioning, and refrigeration distribution industry with low-double-digit percentage market share. The company mostly operates in the United States (approximately 90% of sales) with an outsize presence in the Sunbelt states.