Watsco (WSO): Does Its Valuation Leave Room for Weaker Profits?

Watsco, Inc. (NYSE:WSO) distributes heating, cooling, and refrigeration equipment, parts, and supplies to contractors across North America. It earns a margin by purchasing from manufacturers and providing local inventory, technical support, and delivery. Replacing worn-out systems generates demand beyond new construction. The industry’s transition to equipment using refrigerants with lower global-warming potential has disrupted availability and […]