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Watsco EPS Jumps 64% to $3.71 Setting Records for Sales, Operating Profit, Operating Margin and Net Income

Watsco EPS Jumps 64% to $3.71 Setting Records for Sales, Operating Profit, Operating Margin and Net Income
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Watsco Completes Acquisition of Temperature Equipment Corporation

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Watsco Completes Acquisition of Temperature Equipment Corporation
Watsco, Inc.April 12, 2021 GMT
MIAMI, April 12, 2021 (GLOBE NEWSWIRE) Watsco, Inc. (NYSE: WSO) announced that it has completed the acquisition of Temperature Equipment Corporation (TEC).
Founded in Chicago in 1935, TEC serves approximately 10,000 HVAC customers from 32 locations in Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri and Wisconsin. TEC generated sales of $291 million in 2020 and provides a broad product offering including residential, light-commercial and applied HVAC systems from Carrier as well as parts, supplies and accessories sourced from approximately 1,200 vendors. More information about TEC can be found at www.tecmungo.com. ....

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Watsco Gains Major Midwest Foothold, Acquires Temperature Equipment Corp.

Watsco Gains Major Midwest Foothold, Acquires Temperature Equipment Corp.
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Watsco to Acquire Temperature Equipment Corporation, $291 Million Chicago-Based HVAC Distributor

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MIAMI, March 16, 2021 (GLOBE NEWSWIRE) Watsco, Inc. (NYSE:WSO) and Carrier Global Corp. (NYSE:CARR) announced today that they have signed an agreement to acquire Temperature Equipment Corporation (TEC).
Watsco recently reported record 2020 results with over $5 billion in sales, record profits and record cash flow. TEC marks Watsco s first entry into the U.S. Midwest.
Founded in Chicago, Illinois in 1935, TEC is one of the largest HVAC distributors in North America with sales of $291 million in 2020. TEC serves approximately 10,000 customers from 32 locations in Illinois, Indiana, Wisconsin, Kansas, Michigan, Minnesota and Missouri. Its product offering includes various brands of residential, light-commercial and applied HVAC equipment made by Carrier as well as complimentary systems, parts, supplies and accessories sourced from approximately 1,200 vendors. More information about TEC can be found at www.tecmungo.com. ....

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Carrier JV to Acquire Temperature Equipment Corporation, Largest Carrier Distributor in the Midwest

Carrier JV to Acquire Temperature Equipment Corporation, Largest Carrier Distributor in the Midwest
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