Research Coverage Company Disclosure

Company Name: Watsco, Inc.
Symbol: WSO

Disclosures:

1 Robert W. Baird & Co. Incorporated makes a market in the securities of this company.
8 Robert W. Baird & Co. Incorporated and/or its affiliates beneficially own 1% or more of any class of common equity securities of this company.
11 Robert W. Baird & Co. and/or its affiliates expect to receive or intend to seek investment banking related compensation from the company or companies mentioned in this report within the next three months.