ChatGPT was launched November 30, 2022, but went “mainstream” in Q1 2023 when Microsoft made a significant investment into OpenAI. Since then either “AI is going to take over”, “many will lose their jobs”, “it’s a great tool to use” or somewhere in-between. Further, it amplified the conversation of “what is the opportunity / future” do to AI. Over the past year there have … [Read more...] about ChatGPT Prompts to Drive HVACR Sales
market insights
Opinion- WATSCO Results show a continued focus on digital programs
WATSCO highlighted their continued commitment to digital enablement on May 8th in their 1Q24 investor presentations. In the world of distribution many private or PE companies do not report results, and many public companies do not release detailed strategic initiatives that have more depth than what is provided in the 10K. I eagerly await the annual WATSCO investor … [Read more...] about Opinion- WATSCO Results show a continued focus on digital programs
Opinion- WATSCO Results show how WATSCO continues to focus on digital programs
WATSCO highlighted their continued commitment to digital enablement in their Q3 Results and recent investor conference presentations. In the world of distribution many private or PE companies do not report results. As a public company Watsco, Inc. in October released their Q3 results and right before the holidays presented some once a year results on digital at an investor … [Read more...] about Opinion- WATSCO Results show how WATSCO continues to focus on digital programs
Opinion- WATSCO Q2 Results show slowing sales but WATSCO continues to focus on digital programs
WATSCO highlighted their continued commitment to digital enablement in their Q2 Results in August. In the world of distribution with so many private or PE companies that do not report results - Watsco, Inc. in August released their YTD numbers and provided commentary on trends, growth opportunities, technology innovation and financial strength in their Q2 results. In my … [Read more...] about Opinion- WATSCO Q2 Results show slowing sales but WATSCO continues to focus on digital programs
Opinion- Watsco continues to progress as a digitally enabled B2B distributor positioned to take share and grow
WATSCO announced their 2023 year-end results and highlighted their continued commitment to digital enablement at their March Investor Conference. In the world of distribution with so many private or PE companies that do not report results - Watsco, Inc. announced record operating results for 2022 and provided commentary on trends, growth opportunities, technology innovation … [Read more...] about Opinion- Watsco continues to progress as a digitally enabled B2B distributor positioned to take share and grow
The Master Group Acquired RSC; PE Strikes
Private equity firms, which always seem to have access to funds, are looking to acquire distributors, believing this is a growth segment for them In the electrical industry, within the past six months two independent distributors have been acquired by private equity firms with the previous owners remaining involved in the business ... professionally and financially. The … [Read more...] about The Master Group Acquired RSC; PE Strikes
What can you learn from Watsco’s digital journey in 2023?
This isn’t a doom and gloom “Build an Amazon type shopping experience or go out of business” prediction, but Watsco is smartly positioning themselves to discover how digitally enabled as a B2B distributor they need to be long term to take share and grow. Later this month WATSCO will announce their 2023 year-end results, but in their latest operating results released on Oct. … [Read more...] about What can you learn from Watsco’s digital journey in 2023?
