Watsco’s Earnings Call to Discuss Third Quarter Results Scheduled on October 20, 2022

Rhea-AI Summary

Watsco, Inc. (NYSE: WSO) will conduct a conference call on October 20, 2022, at 10:00 a.m. EDT to discuss its Q3 financial results. The earnings will be released before the market opens on the same day. Interested participants can pre-register to receive a unique PIN for access to the call. Watsco is the largest HVAC/R distribution network in North America, serving 350,000 contractors annually. The company also contributes to climate change mitigation, having averted approximately 12.9 million metric tons of CO2e emissions since 2020.

Positive

• Watsco serves over 350,000 contractors each year through its 673 locations.
• Averted an estimated 12.9 million metric tons of CO2e emissions from 2020 to 2022.
• The conference call will provide insight into the company's financial performance.

Negative

• None.

MIAMI, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2022 third quarter financial results on Thursday, October 20, 2022 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.

The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on October 20, 2022. A replay of the conference call will be available on our website.

Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time.

To pre-register, go to: https://dpregister.com/sreg/10171972/f4b80a2cc4

Participants that would like to join, but have not pre-registered, can do so by dialing (844) 883-3908 within the United States or (412) 317-9254 internationally and asking for the “Watsco” call. Please call five to ten minutes prior to the scheduled start time as the number of telephone connections is limited.

Watsco is the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. Watsco estimates that over 350,000 contractors and technicians visit or call one of its 673 locations each year to get information, obtain technical support and buy products.

Watsco’s has the opportunity to be a significant and important contributor toward climate change as its business plays an important role in the drive to lower CO2e emissions. According to the Department of Energy, heating and air conditioning accounts for roughly half of U.S. household energy consumption. As such, replacing HVAC systems at higher efficiency levels is one of the most meaningful steps homeowners can take to reduce electricity consumption and carbon footprint over time. 

The overwhelming majority of new HVAC systems sold by Watsco replace systems that likely operate well below current minimum efficiency standards in the U.S and may use more harmful refrigerants that have been subsequently phased-out. As consumers replace HVAC systems with new, higher-efficiency systems, homeowners will consume less energy, save costs and reduce the carbon footprint over time.

Based on estimates validated by independent sources, Watsco averted an estimated 12.9 million metric tons of CO2e emissions from January 1, 2020 to June 30, 2022 through the sale of replacement HVAC systems at higher-efficiency standards. More information, including sources and assumptions used to support the Company’s estimates, can be found at www.watsco.com.

Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: blogan@watsco.com

FAQ

When will Watsco announce its Q3 2022 financial results?

Watsco will announce its Q3 2022 financial results on October 20, 2022.

What time is the Watsco conference call for Q3 2022 results?

The Watsco conference call for Q3 2022 results is scheduled for 10:00 a.m. EDT on October 20, 2022.

How can I participate in Watsco's conference call?

Participants can pre-register for the conference call to receive a unique PIN for access or dial the designated phone numbers on the day of the call.

What is Watsco's role in addressing climate change?

Watsco contributes to climate change mitigation by selling higher-efficiency HVAC systems, averting an estimated 12.9 million metric tons of CO2e emissions since 2020.