<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE WATSCO, INC. FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENT. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1998 <CASH> 8,450 <SECURITIES> 13,060 <RECEIVABLES> 163,384 <ALLOWANCES> 6,678 <INVENTORY> 223,532 <CURRENT-ASSETS> 412,455 <PP&E> 54,762 <DEPRECIATION> 23,887 <TOTAL-ASSETS> 573,185 <CURRENT-LIABILITIES> 96,479 <BONDS> 204,897 <PREFERRED-MANDATORY> 13,953 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 254,976 <TOTAL-LIABILITY-AND-EQUITY> 573,185 <SALES> 760,597 <TOTAL-REVENUES> 760,597 <CGS> 588,688 <TOTAL-COSTS> 588,688 <OTHER-EXPENSES> 127,998 <LOSS-PROVISION> 2,193 <INTEREST-EXPENSE> 7,685 <INCOME-PRETAX> 34,033 <INCOME-TAX> 12,592 <INCOME-CONTINUING> 21,441 <DISCONTINUED> (418) <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 21,023 <EPS-PRIMARY> 0.78 <EPS-DILUTED> 0.74