SEC Company Response from WATSCO INC (WSO, WSO-B) (CIK 0000105016) (WSO) — Aug 26, 2022
WATSCO INC (WSO, WSO-B) (CIK 0000105016)
Date: Aug. 26, 2022 · CIK: 0000105016 · Accession: 0001193125-22-231272
AI Filing Summary & Sentiment
Letter
VIA EDGAR United States Securities and Exchange Commission Division of Corporate Finance Office of Trade and Services Attention: TaTanisha Meadows Filed February 25, 2022 Form 10-Q for the Quarterly Period Ended June 30, 2022 Filed August 4, 2022 File No. 1-05581
Dear Ms. Meadows and Mr. Phippen,
On behalf of Watsco, Inc., a Florida corporation (the “Company”), the following response is to the comment letter, dated August 18, 2022 (the “Comment Letter”), received by the Company from the staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) concerning the Company’s Form 10-K for the fiscal year ended December 31, 2021 and Form 10-Q for the quarterly period ended June 30, 2022.
For ease of reference, we have reproduced the text of the Staff’s comment in bold italicized face, followed by the Company’s response. In the response below, references to “we,” “our,” and “us” refer to the Company.
Form 10-Q for the Quarterly Period Ended June 30, 2022
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, page 15
1. We note that you have experienced supply chain disruptions. In future filings, please discuss whether these disruptions materially affect your outlook or business goals. Specify whether these challenges have materially impacted your results of operations or capital resources and quantify, to the extent possible, how your sales, profits, and/or liquidity have been impacted.
Company’s Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that, to the extent applicable, in our future filings we will discuss whether supply chain disruptions materially affect our outlook or business goals and will specify whether these challenges have materially impacted our results of operations or capital resources and quantify, to the extent possible, how our sales, profits, and/or liquidity have been impacted.
If you or any other member of the Staff should have any further comments or questions regarding this response, please do not hesitate to contact the undersigned at (305) 714-4115.
Sincerely,
Watsco, Inc.
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CORRESP
Watsco, Inc.
2665 South Bayshore Drive, Suite 901
Miami, Florida 33133
August 26, 2022
VIA EDGAR
United States Securities and Exchange
Commission
Division of Corporate Finance
Office of Trade
and Services
100 F Street, N.E.
Washington, D.C. 20549-7010
Attention: TaTanisha Meadows
Adam Phippen
RE:
Watsco, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2021
Filed February 25, 2022
Form 10-Q for the Quarterly Period Ended June 30, 2022
Filed August 4, 2022
File No. 1-05581
Dear Ms. Meadows and Mr. Phippen,
On behalf of Watsco, Inc., a Florida corporation (the “Company”), the following response is to the comment letter, dated August 18, 2022
(the “Comment Letter”), received by the Company from the staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) concerning the Company’s Form
10-K for the fiscal year ended December 31, 2021 and Form 10-Q for the quarterly period ended June 30, 2022.
For ease of reference, we have reproduced the text of the Staff’s comment in bold italicized face, followed by the Company’s response. In the
response below, references to “we,” “our,” and “us” refer to the Company.
Form
10-Q for the Quarterly Period Ended June 30, 2022
Item 2. Management’s Discussion and
Analysis of Financial Condition and Results of Operations, page 15
1.
We note that you have experienced supply chain disruptions. In future filings, please discuss whether
these disruptions materially affect your outlook or business goals. Specify whether these challenges have materially impacted your results of operations or capital resources and quantify, to the extent possible, how your sales, profits, and/or
liquidity have been impacted.
1
Company’s Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that, to the extent applicable, in our future filings we will discuss
whether supply chain disruptions materially affect our outlook or business goals and will specify whether these challenges have materially impacted our results of operations or capital resources and quantify, to the extent possible, how our sales,
profits, and/or liquidity have been impacted.
If you or any other member of the Staff should have any further comments or questions regarding this
response, please do not hesitate to contact the undersigned at (305) 714-4115.
Sincerely,
Watsco, Inc.
By:
/s/ Ana M. Menendez
Ana M. Menendez
Chief Financial Officer
cc:
Drew M. Altman, Esq., Greenberg Traurig, P.A.
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