Company Overview - Watsco is a distribution business with over $7 billion in revenue and has been a public company since the 1960s [2] - The company has grown significantly from $3 million in revenue and a stock price of $0.80 when the current CEO joined [2] - Watsco currently holds about 10% to 15% market share in its industry and is still expanding, not yet fully represented in all 50 states [2] Business Strategy - The company primarily sells HVAC and refrigeration products to contractors, accounting for 95% of its sales [3] - Watsco emphasizes the importance of culture, hard work, and consistency in building its business [2]