Watsco, Inc. 4Q24 Investor Presentation Safe Harbor Statement This Presentation contains or incorporates by reference statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Statements which are not historical in nature, including the words "anticipate," "estimate," "could," "should," "may," "plan," "seek," "expect," "believe," "intend," "target," "will," "project, ...

Watsco, Inc. 1Q25 Investor Presentation Safe Harbor Statement This Presentation contains or incorporates by reference statements that are not historical in nature and that are intended to be, and are hereby identified as, "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Statements which are not historical in nature, including the words "anticipate," "estimate," "could," "should," "may," "plan," "seek," "expect," "believe," "intend," "target," "will," "project, ...

Core Insights - Berkshire Hathaway has recently filed its 13F report, revealing its stock positions and recent buying and selling activities [1][2] Constellation Brands - Berkshire increased its position in Constellation Brands by 114% in the last quarter, now owning over 12 million shares, though this represents less than 1% of its total portfolio [4][5] - The company has strong consumer brands like Corona and Modelo, providing a competitive advantage, and has shown steady revenue growth with an operating income of $3.4 billion on $10.2 billion in revenue, resulting in a 33% margin [5] - The stock hit a 52-week low in mid-February, prompting Berkshire to increase its holdings as a bargain investment [6] - Constellation Brands pays a dividend of 2.2%, which is higher than the S&P 500 average of 1.3% [8] Pool Corp - Berkshire's position in Pool Corp increased by 145%, totaling around 1.5 million shares, but this only constitutes 0.2% of its overall portfolio [9] - Pool Corp is a leading wholesale distributor of swimming pool equipment and has a strong global presence [10] - The company's sales have declined from $6.2 billion in 2022 to $5.3 billion in the most recent year, with an operating income of $617 million, representing a 12% margin [11] - Similar to Constellation, Pool Corp's stock has also been falling, which may have influenced Berkshire's decision to add to its holdings [12]