Watsco Q2 Preview: A2L Refrigerant Transition Is A Multi-Year Catalyst, Initiating With 'Buy'

  • Watsco is well-positioned to benefit from the industry transition to A2L refrigerants, driving multi-year replacement demand and pricing growth. The company's robust balance sheet, extensive service network, and successful tuck-in acquisitions support ongoing market consolidation and shareholder value. Watsco's investments in technology and e-commerce enhance contractor productivity and customer satisfaction, strengthening its competitive advantages and pricing power.