Watsco Inc Class A
WSO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$113.00 | Nsdmzny | Rcrbvqlwc |
Watsco Can Outperform Slowing HVAC Market, but We're Still Skeptical on Long-Term Margin Potential
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 (approximately 90% of sales) with an outsize presence in the Sunbelt states.