Latest In Watsco
Watsco now owns 80 percent of Carrier Enterprise LLC.
Strong HVAC sales help drive Watsco's sales for quarter, year.

The HVACR distributor did not provide details, but said product expansion and acquisitions would be part of the plan.
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Sales of HVAC equipment increased 8 percent.
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Profit increased 31.2 percent to $51.3 million.
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Customers were more likely to repair than replace during the recession, but the pendulum is swinging the other way now.
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Overall sales of $714 million were up 13 percent, thanks to Carrier joint venture.
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JV originally launched in 2009 now accounts for a majority of the distributors sales.
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Watsco reported 5 percent same-store sales growth.
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Same-store sales for the quarter were up 1 percent.
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Overall sales for Watsco, including new locations, were up 15% to $1 billion.
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On a same-store basis, sales were up 7 percent for Watsco.
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The joint venture will operate as a stand-alone business using its existing infrastructure.
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HVAC distributor reports a 1 percent decline in same-store sales for the year.
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Same-store sales grow 4%; HVAC equipment sees biggest increase.
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Watsco also announced an agreement to expand its joint venture with Carrier to include operations in Mexico.
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