Watsco, Inc., Coconut Grove, FL, reported revenues for the first quarter 2008, were up 3% to $380 million compared with the same period a year ago.
The increase includes 63 locations opened or acquired over the past 12 months, adding $49 million to sales in the quarter.
On a same-store basis, sales fell 10%, including a 10% decrease in the sale of air conditioning equipment, a 13% decrease in other HVAC products, and a 2% increase in the sale of refrigeration products.
Watsco is an independent distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC industry, operating 426 locations serving over 40,000 customers in 34 …
Watsco Same-Store Sales Fall 10% in 1Q
Watsco, Inc., Coconut Grove, FL, reported revenues for the first quarter 2008, were up 3% to $380 million compared with the same period a year ago.
The increase includes 63 locations opened or acquired over the past 12 months, adding $49 million to sales in the quarter.
On a same-store basis, sales fell 10%, including a 10% decrease in the sale of air conditioning equipment, a 13% decrease in other HVAC products, and a 2% increase in the sale of refrigeration products.
Watsco is an independent distributor of air conditioning, heating and refrigeration equipment and related parts and supplies in the HVAC industry, operating 426 locations serving over 40,000 customers in 34 …
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