Carrier Enterprise Company Profile

Aggregated data from the web about Carrier Enterprise

Company Name	Carrier Enterprise
Website	www.watsco.com
Snippet	Watsco, Inc. is the largest distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States.[2] Watsco was founded more than 60 years ago as a manufacturer of parts, components and tools used in the HVAC/R industry. From 1973 to 1988 Watsco under the leadership of its current CEO, Albert H. Nahmad, grew from US$5 million[3] 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,[4] selling it to International Comfort Products Corporation, now part of Carrier Corporation (Carrier). Revenues increased from US$64.1 million in 1989 to US$5.1 billion in 2020 via a strategy of acquiring companies with established market position and subsequently building revenues and profit through a combination of adding locations, products, services and other initiatives.[5]
Type	Public
Founded	1956
Revenue	US$ 5.05 billion (2020)
Website	www.watsco.com
Industry	HVAC/R Distribution
Products	HVAC parts and supplies
Traded as	NYSE: WSONYSE: WSO.B (Class B)S&P 400 Component (WSO)
Key people	Albert H. Nahmad(Chairman & CEO)Aaron J. Nahmad(President)Ana M. Menendez(CFO)
Net income	US$ 323.17 million (2020)
Headquarters	Miami, Florida, US
Total assets	US$ 2.48 billion (2020)
Total equity	US$ 1.78 billion (2020)
Operating income	US$ 401.03 million (2020)
Number of employees	5,800[1] (2020)
Number of locations	600 (2020)

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