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UNM Alumnus Al Nahmad Presents at UNM
March 18, 2013
UNM Mechanical Engineering alumnus Al Nahmad gave a presentation to students, faculty and staff on Monday, March 18.
Nahmad is the CEO and founder of Watsco, a multi‐billion dollar international company. Watsco is the largest distributor of air conditioning, heating and refrigeration equipment in the HVAC/R industry.
He and colleagues from Watsco discussed the company's growth, business philosophy, and career opportunities for high‐achieving students.
Nahmad was introduced by UNM President Robert Frank. Barry S. Logan, Watsco Senior Vice President, and Paul Johnston, Watsco Vice President, discussed company financials and technologies.
About Watsco, Inc.
Watsco improves indoor living and working environments with air conditioning and heating solutions that provide comfort regardless of the outdoor climate. Our solutions also promote healthier indoor spaces by removing pollutants from the indoor air that can lead to asthma, allergies and reductions in productivity. Furthermore, since heating and cooling accounts for approximately 56% of the energy consumed in a typical United States home, we offer consumers the greatest opportunity to save money on energy by replacing existing air conditioning and heating systems with more energy efficient and environmentally friendly solutions.
There are approximately 89 million central air conditioning and heating systems installed in the United States that have been in service for more than 10 years. Older systems often operate below today’s government mandated energy efficiency and environmental standards. Watsco has an opportunity to accelerate the replacement of these systems at a scale greater than our competitors as the movement toward reducing energy consumption and its environmental impact continues. We operate from more than 540 locations in the United States, Mexico and Puerto Rico, with additional market coverage on an export basis to Latin America and the Caribbean. As the industry leader, significant growth potential remains given that our current revenue run-rate is approximately 10% of the estimated $30 billion United States market for HVAC/R products. Additional information about Watsco may be found at http://www.watsco.com.