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Watsco Inc., a leading North American HVAC/R distributor, reported $7.6 billion in 2024 revenues. Driven by 70 acquisitions and Carrier partnerships (54% of sales), they serve 130,000 contractors via 690 locations. The company focuses on replacement markets and efficiency regulations, with tech and sustainability efforts reducing CO2e emissions. Risks include supplier concentration, but shareholder returns have significantly outperformed benchmarks. (40 words)

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