Watsco Inc Class A

WSO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$418.00	Vrmcwp	Pqshygzkkp

Watsco Earnings: Solid First-Quarter Performance Amid Moderating HVAC Demand

Brian Bernard

Apr 21, 2023

Heating, ventilation, and air-conditioning demand appears to be normalizing following a period of booming sales during the pandemic. According to data from the Air-Conditioning, Heating, & Refrigeration Institute, year-to-date (through February) United States shipments of air conditioners and heat pumps were down over 15% year over year, and shipments of furnaces were down 19%.

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