Watsco Q2 revenue, profit fall Jul 24, 2009
Earnings from that joint venture will be included in Watsco s consolidated financial results for the remainder of the year. Watsco President and CEO Albert H. Nahmad said in a news release that the company is seeing a trend toward high-efficiency and environmentally friendly air-conditioning systems, and, as a result, is experiencing more sales in that area. (South Florida Business Journal, FL)
Watsco, Carrier complete joint venture Jul 2, 2009
This is a blockbuster event for our company as we are almost doubling our size and scale in the marketplace, Albert Nahmad, Watsco's chairman and CEO, said in a news release ... Watsco owns 60 percent of Carrier Enterprise with options to purchase an additional 20 percent interest from Carrier in the future ... Watsco issued 3,080,469 shares of common stock to Carrier and contributed 15 locations that presently sell Carrier-manufactured products as consideration for its 60 percent interest. (South Florida Business Journal, FL)
Watsco Q1 revenue down 23% May 5, 2009
Watsco Q1 revenue down 23. South Florida Business Journal. (South Florida Business Journal, FL)
U.S. Stocks Fall After Chevron, Boeing Forecast Lower Earnings; GM Slumps Apr 14, 2009
Its top holdings are Merriam, Kansas-based Seaboard Corp., a pork producer, and Coconut Grove, Florida-based Watsco Inc., a distributor of air conditioners and heaters. President has lifted all travel restrictions for Cuban-Americans to the communist country and ended limits on the amount of money they can send family members, White House press secretary said. (Bloomberg -- Canada)
Watsco Q4 revenue down 16% Feb 18, 2009
Watsco Q4 revenue down 16 ... For the full year, Watsco reported revenue of $1 ... Watsco President and CEO Albert H. Nahmad said he was hopeful that the new economic stimulus package, which President Barack Obama is to sign into law on Tuesday, will provide opportunities for his company. (South Florida Business Journal, FL)
