Comparing the current results to its competitors, Watsco Inc reported Revenue increase in the 3 quarter 2024 by 1.56 % year on year. The revenue growth was below Watsco Inc 's competitors' average revenue growth of 6.18 %, achieved in the same quarter.
Watsco Inc Net Income in the 3 quarter 2024 grew year on year by 0.51%, while most of its competitors have experienced a contraction in net income by -4.73 %.
Watsco Inc 's Comment on Competition and Industry Peers
We operate in highly competitive environments. We compete with a number of distributors
and also with several air conditioning and heating equipment manufacturers that
distribute a significant portion of their products through their own distribution
organizations in certain markets. Competition within any given geographic market
is based upon product availability, customer service, price and quality. Competitive
pressures or other factors could cause our products or services to lose market
acceptance or result in significant price erosion, all of which would have a material
adverse effect on our results of operations, cash flows and liquidity.
Core and Main Inc. operates as a distributor of water, wastewater, and fire protection products in North America. They provide a broad range of essential infrastructure products and related services to various industries, including utility, construction, and maintenance. Their business model focuses on sourcing quality products, efficiently distributing them through a wide network, and providing exceptional customer service to meet the industry's infrastructure needs.
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