Watsco Inc. (NYSE: WSO), Miami, FL, No. 2 on MDM's 2013 list of top HVACR and plumbing distributors, reported sales for the third quarter of $1.1 billion, an increase of 6 percent compared to the same period a year ago. Profit increased 11.6 percent to $66.1 million.
The sales increase reflected an 8 percent increase in HVAC equipment (65 percent of sales), a 3 percent increase in other HVAC products (31 percent of sales) and a 1 percent increase in commercial refrigeration products (4 percent of sales).
For the first nine months, sales were $2.9 billion, an increase of 9 percent compared to the same period a year ago. Profit increased 19.3 percent to $159.8 million.