Key Takeaways Whirlpool announced a $300M investment to expand U.S. laundry manufacturing facilities.The move will create 400-600 jobs in Ohio and strengthen WHR's American manufacturing base.WHR continues to drive growth through innovation and premium, feature-rich home appliances.Whirlpool Corporation (WHR) has been making smart moves to enrich customers’ experience, with a focus on continuous expansions and innovations designed to make people’s lives easier and faster.In the recent update, the company ha ...

Business Overview - Watsco operates in a highly fragmented market and is a market leader in the HVAC/R distribution industry[4, 13] - The company has a broad geographic presence with 691 locations, including 630 in the United States, 36 in Canada, and 25 in Latin America & Caribbean[12] - Watsco's revenue is primarily generated in the United States (90%), with Canada and Latin America contributing 5% each[19] - Residential HVAC equipment accounts for 54% of revenues, followed by other HVAC products (27%), commercial HVAC equipment (15%), and refrigeration (4%)[19] Technology and Digital Transformation - Watsco is focused on transforming the customer experience through technology, with annualized e-commerce revenue reaching $2.4 billion in 2023, a 5% increase[4, 32] - The company has over 1.5 million product SKUs digitized and accessible in its mobile app[29, 33] - E-commerce users experience approximately 50% less attrition compared to traditional customers, and e-commerce orders have 15% higher line items per order[32] Financial Performance and Shareholder Value - Watsco's revenues have grown from $64 million in 1989 to $7.3 billion in the trailing twelve months (TTM) ending March 31, 2024, representing a 14% compound annual growth rate (CAGR)[41] - The company's Earnings Before Interest and Taxes (EBIT) has increased from $2 million in 1989 to $757 million in the TTM ending March 31, 2024, an 18% CAGR[41] - Watsco's market capitalization has grown from $22 million in 1989 to $17.3 billion in the TTM ending March 31, 2024, a 21% CAGR[41] - The company has a solid cash flow performance, with cumulative net income of $4.7 billion, operating cash flow of $4.5 billion, and dividends of $2.8 billion over the past 20 years[43]

Business Overview - Watsco is a market leader in a highly fragmented industry[4] - The company transforms customer experience with enhanced technology[4] - Watsco has deep ties to the industry's leading OEMs and suppliers[4] - The company operates 689 locations, including 627 in the United States, 36 in Canada, and 26 in Latin America & Caribbean[12] - E-commerce revenue reached $2.4 billion in 2023, a 5% increase[31] Financial Performance & Returns - From 1989 to TTM 9/30/2024, Watsco's revenues grew from $64 million to $7.5 billion, representing a CAGR of 15%[42] - EBIT increased from $2 million to $753 million during the same period, with a CAGR of 18%[42] - The company's share price rose from $2.70 to $491.88, reflecting a CAGR of 16%[42] - Dividends increased from $0.5 million to $411 million, showing a CAGR of 21%[42] - Market capitalization grew from $22 million to $19.9 billion, with a CAGR of 21%[42] ESG Initiatives - Watsco's sale of high-efficiency equipment averted 21.8 million metric tons of CO2e from January 2020 to September 2024[34] - The sale of Alert Labs water monitoring products saved 10.6 billion gallons of water from August 2019 to September 2024[34]

Business Overview - Watsco operates in a highly fragmented industry, holding a leading market position [4, 13] - The company's business model involves contractors purchasing equipment, parts, and supplies to repair or replace HVAC systems [10] - Watsco has a significant geographic presence with 690 locations across the United States, Canada, and Latin America & Caribbean [12] - The company's revenue is primarily generated in the United States (90%), with Canada and Latin America contributing 5% each [19] - Residential HVAC equipment accounts for 54% of Watsco's revenue, followed by commercial HVAC equipment at 15% and other HVAC products at 27% [19] Technology and Digital Transformation - Watsco is focused on transforming the HVAC industry through technology, aiming to enhance customer experience and improve efficiency [23] - The company's annualized e-commerce revenue reached $2.4 billion in 2023, representing a 5% increase [32] - Watsco has digitized over 1.5 million product SKUs, accessible through its mobile app [29, 33] - E-commerce users experience approximately 50% less attrition compared to traditional customers [32] Financial Performance and Shareholder Value - From 1989 to 12/31/23, Watsco's revenues grew from $64 million to $7.3 billion, representing a 15% compound annual growth rate (CAGR) [41] - Over the same period, EBIT increased from $2 million to $795 million, with an 18% CAGR [41] - The company's market capitalization grew from $22 million to $16.9 billion, reflecting a 22% CAGR [41]