what is WSO's % of revenue generated from sales to new construction homes? anyone know? and what is the % of revenues generated from homeowner's who want to replace their old energy-inefficent central air systems?
I work for Watsco and the 25%-30% RNC estimate is probably high, company wide. Problem stems from being lumped under "building material distribution" when the housing market is taking a pounding. My guess is that under 20% of Watsco sales are in RNC.
How does such a great earnings quarter turn into such an a** whipping???