| Business Summary | | Watsco,
Incorporated
is
a
distributor
of
air
conditioning,
heating
and
refrigeration
equipment
and
related
parts
and
supplies
(HVAC)
in
the
United
States.
The
Company's
distribution
network
operates
from
300
locations
in
30
states.
The
Company
also
owns
Dunhill
Staffing
Systems,
Inc.
(Dunhill),
a
national
temporary
staffing
and
permanent
employment
services
business.
The
Company
also
sells
products
to
the
refrigeration
market.
Such
products
include
condensing
units,
compressors,
evaporators,
valves,
walk-in
coolers
and
ice
machines
for
industrial
and
commercial
applications.
The
Company
distributes
products
manufactured
by
Copeland
Compressor
Corporation,
a
subsidiary
of
Emerson
Electric
Co.,
Tecumseh
Products
Company
and
The
Manitowoc
Company,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Watsco,
Inc.
distributes
residential
central
air
conditioning,
heating
and
refrigeration
equipment
and
related
parts
and
supplies.
For
the
six
months
ended
6/30/01
revenues
fell
4%
to
$629.3
million.
Net
income
fell
2%
to
$15.4
million.
Revenues
reflect
the
closing
of
35
underperforming
locations
in
connection
with
the
Company's
restructuring
efforts.
Net
income
was
partially
offset
due
to
improved
pricing
disciplines,
reductions
in
personnel
and
lower
debt
levels. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Albert Nahmad, 60 Chairman,
Pres, CEO | $1.8M | Barry Logan, 38 Exec.
VP-Fin., Sec. | 520K | Terrence Kelly, 58 VP-Operations | 436K | Ana Menendez, 36 Treasurer,
Assistant Sec. | 242K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|