Record Cash Flow
Watsco generated record third quarter cash flow of $355 million, showcasing strong financial management.
Increased E-commerce Penetration
E-commerce penetration accounted for 34% of sales, reaching up to 60% to 70% in certain U.S. markets, reflecting significant digital growth.
Gross Margin Improvement
Gross margins improved by 130 basis-points to 27.5%, with a long-term goal of exceeding 30%.
Strong Technology Adoption
72,000 contractors and technicians are engaged with the mobile app, growing 18%, indicating strong technology adoption.
OnCallAir Platform Growth
The OnCallAir platform saw a 19% increase in gross merchandise value, reaching $1.7 billion over the last 12 months.