Chairman, CEO and President and Chairman of Nominating and Strategy Committee
Mr. Albert H. Nahmad serves as Chairman of the Board, Chief Executive Officer of the Company. He was the visionary and leader of Watsco for over 40 years, having served as our Chairman and Chief Executive Officer since 1972. Among his many contributions, Mr. Nahmad was instrumental in the scaling of our business through acquisitions, the cultivation of strategic vendor relationships, and the development of Watscos entrepreneurial culture. In 1988 Mr. Nahmad made the decision to pivot the Companys strategic focus from manufacturing to distribution of HVACR products. Since that time, Watscos market capitalization has grown from 22 million to 5.3 billion, and its 25year compounded annual growth rate of total shareholder return was 20.8. With revenues exceeding 4 billion, Watsco has solidified its place as the industry leader and now has approximately 5, 050 employees serving approximately 88, 000 contractor customers through a branch network of more than 560 locations.
Age: 75 Chairman Since 2016
Albert Nahmad Latest Insider Activity
The company has Return on Asset of 11.18 %
which means that on every $100 spent on asset it made $11.18 of profit. This is considered to be average in the sector. In the same way, it shows return on shareholders equity (ROE)
of 18.36 %
implying that it generated $18.36 on every 100 dollars invested.
The company has 22.33 M in debt with debt to equity (D/E) ratio of 1.4 which is OK given its current industry classification. Watsco Inc has Current Ratio of 3.15 demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due.
Watsco, Inc., together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. Watsco, Inc. was founded in 1945 and is headquartered in Miami, Florida. Watsco operates under Electronics Wholesale classification in USA and traded on New York Stock Exchange. It employs 5200 people.Watsco Inc (WSO) is traded on New York Stock Exchange in USA. It is located in FLORIDA, U.S.A and employs 5,200 people. Watsco is listed under Wholesale category by Fama And French industry classification.