Watsco Management
Management criteria checks 3/4
Watsco's CEO is Albert Nahmad, appointed in Dec 1972, has a tenure of 52.17 years. total yearly compensation is $11.06M, comprised of 5.4% salary and 94.6% bonuses, including company stock and options. directly owns 11.29% of the company’s shares, worth $2.01B. The average tenure of the management team and the board of directors is 20.3 years and 2.9 years respectively.
Key information
Albert Nahmad
Chief executive officer
US$11.1m
Total compensation
| CEO salary percentage | 5.4% |
| CEO tenure | 52.2yrs |
| CEO ownership | 11.3% |
| Management average tenure | 20.3yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
Watsco: Plumbing May Be Its Next Big Growth Opportunity (Rating Upgrade)
Apr 26Watsco: Good Growth Prospects But Priced In
Sep 06Watsco: Good Growth Prospects Despite Challenging Macros
Feb 22Watsco, Inc. goes ex dividend tomorrow
Jan 12Watsco Can See A Meaningful Outperformance In 2023
Dec 10Watsco: Recent Correction Presents A Good Buying Opportunity
May 26LRT Capital - Watsco Inc.: A Long Growth Runway
May 06Watsco: A Great Company At A Lofty Price
Apr 26I Am Buying The Dip Of Watsco Because Of Its Buy And Build Strategy And Innovation Efforts
Feb 01Watsco Sees Return On Its Technology-Pioneering Efforts
Dec 06CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$486m |
| Jun 30 2024 | n/a | n/a | US$485m |
| Mar 31 2024 | n/a | n/a | US$477m |
| Dec 31 2023 | US$11m | US$600k | US$499m |
| Sep 30 2023 | n/a | n/a | US$551m |
| Jun 30 2023 | n/a | n/a | US$535m |
| Mar 31 2023 | n/a | n/a | US$549m |
| Dec 31 2022 | US$11m | US$600k | US$550m |
| Sep 30 2022 | n/a | n/a | US$493m |
| Jun 30 2022 | n/a | n/a | US$478m |
| Mar 31 2022 | n/a | n/a | US$434m |
| Dec 31 2021 | US$11m | US$300k | US$382m |
| Sep 30 2021 | n/a | n/a | US$352m |
| Jun 30 2021 | n/a | n/a | US$321m |
| Mar 31 2021 | n/a | n/a | US$270m |
| Dec 31 2020 | US$11m | US$375k | US$246m |
| Sep 30 2020 | n/a | n/a | US$239m |
| Jun 30 2020 | n/a | n/a | US$218m |
| Mar 31 2020 | n/a | n/a | US$220m |
| Dec 31 2019 | US$11m | US$580k | US$226m |
| Sep 30 2019 | n/a | n/a | US$228m |
| Jun 30 2019 | n/a | n/a | US$224m |
| Mar 31 2019 | n/a | n/a | US$224m |
| Dec 31 2018 | US$7m | US$658k | US$223m |
Compensation vs Market: Albert's total compensation ($USD11.06M) is about average for companies of similar size in the US market ($USD12.45M).
Compensation vs Earnings: Albert's compensation has been consistent with company performance over the past year.
CEO
Albert Nahmad (83 yo)
52.2yrs
Tenure
US$11,058,336
Compensation
Mr. Albert H. Nahmad has been the Chief Executive Officer of Watsco, Inc. since December 1972. Mr. Nahmad is a General Partner of Alna Capital Associates. Mr. Nahmad served as President of Watsco, Inc. fro...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 52.2yrs | US$11.06m | 11.29% $ 2.0b | |
| Co-Vice Chairman & President | 13.3yrs | US$13.11m | 0.96% $ 170.7m | |
| CFO & Treasurer | 27.1yrs | US$358.25k | 0.31% $ 54.7m | |
| Executive VP of Planning & Strategy | 28.1yrs | US$449.52k | 0.38% $ 68.6m | |
| Chief Technology Officer | 13.5yrs | no data | no data | |
| Vice President of Corporate Development | no data | no data | no data | |
| Executive Vice President | 10.9yrs | US$872.05k | no data |
20.3yrs
Average Tenure
61yo
Average Age
Experienced Management: WSO.B's management team is seasoned and experienced (20.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 52.2yrs | US$11.06m | 11.29% $ 2.0b | |
| Co-Vice Chairman & President | 13.3yrs | US$13.11m | 0.96% $ 170.7m | |
| Executive VP of Planning & Strategy | less than a year | US$449.52k | 0.38% $ 68.6m | |
| Independent Co-Vice Chairman of the Board | 7.7yrs | no data | 0.0066% $ 1.2m | |
| Member of Advisory Board | 3yrs | US$4.00k | no data | |
| Member of Advisory Board | 1.7yrs | no data | no data | |
| Member of the Advisory Board | 2.3yrs | no data | no data | |
| Member of Advisory Board | 2.8yrs | no data | no data | |
| Independent Director | 18.1yrs | US$50.00k | 0.051% $ 9.1m | |
| Member of Advisory Board | 1.1yrs | no data | 0.0053% $ 947.4k | |
| Member of Advisory Board | less than a year | no data | no data | |
| Lead Independent Director | 6.2yrs | US$166.59k | 0.015% $ 2.7m |
2.9yrs
Average Tenure
67yo
Average Age
Experienced Board: WSO.B's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 18:29 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Watsco, Inc. is covered by 31 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Manthey | Baird |
| Scott Davis | Barclays |
| Robert Barry | Buckingham Research Group Inc. |