$310.760
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Noticias de WSO
Eventos de WSO
Watsco Q1 Revenue Hits $1.53B, Exceeds Expectations
Reports Q1 revenue $1.53B, consensus $1.49B. Albert Nahmad, chairman and CEO said: "We are extremely honored to welcome Jim Durrett and the entire Jackson Supply team to the Watsco family. Our relationship dates back more than 20 years, and we are grateful for the relationship and the commitment to entrust us with the next chapter of its 50-year legacy. This transaction adds meaningful scale and diversification to Watsco's core Sunbelt markets. The Jackson Supply team possesses a strong track record of organic growth and an entrepreneurial spirit that closely aligns with our own. We look forward to learning from them and supporting their ambitious growth plans for years to come."
Watsco Signs Agreement to Acquire Jackson Supply Company
Watsco announced the signing of a definitive agreement to acquire Jackson Supply Company. Founded in 1972, Jackson Supply Company has sales of $230M in 2025. The company serves approximately 5,000 customers from 25 locations in Sunbelt markets such as Texas, Louisiana, Tennessee, Alabama, Mississippi, Oklahoma and Arizona. Jackson Supply will operate as an independent business and will continue to be led by its existing management team, under the leadership of Jim Durrett and Jennifer Ballsieper. The transaction is expected to close in the second quarter and is subject to customary closing conditions and regulatory approvals.
Watsco Shares Drop 10.4% to $345.27
Watsco is down -10.4%, or -$40.00 to $345.27.
Watsco Shares Drop About 10% on Competition Concerns
Shares of Watsco (WSO) are underperforming on Tuesday on competition concerns after Home Depot (HD) announced that its SRS Distribution unit had agreed to acquire Mingledorff's for an undisclosed amount. The latter is a wholesale distributor of heating, ventilation and air conditioning Equipment, Parts and supplies. Watsco shares are down roughly 10% to $347.46 in morning trading.
Comments from Q4 Earnings Conference Call
Comments taken from Q4 earnings conference call.
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