Watsco to Host 2022 Earnings Call February 16, 2023

Rhea-AI Summary

Watsco, Inc. (NYSE: WSO) will host a conference call on February 16, 2023, at 10:00 a.m. (ET) to discuss its 2022 fourth quarter and annual financial results. The call will include prepared remarks followed by a Q&A session with senior management. Earnings results will be released before market open on the same day. Participants can pre-register for immediate access via a unique PIN. Watsco operates the largest HVAC/R distribution network across North America, significantly contributing to climate change mitigation through high-efficiency HVAC system sales, reportedly averting an estimated 15.8 million metric tons of CO2e emissions between 2020 and 2022.

Positive

• Announcement of conference call for Q4 and annual financial results.
• Opportunity to discuss future business developments and financial metrics.
• Significant contribution to climate change mitigation by averting 15.8 million metric tons of CO2e emissions.

Negative

• None.

MIAMI, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2022 fourth quarter and annual financial results on Thursday, February 16, 2023 at 10:00 a.m. (ET). 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 February 16, 2023. 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/10174951/f59c3a297d

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 675 locations each year to get information, obtain technical support and buy products.

Watsco 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. 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 15.8 million metric tons of CO2e emissions from January 1, 2020 to December 31, 2022 through the sale of replacement HVAC systems at higher-efficiency standards (an equivalent of removing 3.4 million gas powered vehicles off the road for a year). 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 release its Q4 2022 earnings?

Watsco will release its Q4 2022 earnings on February 16, 2023, before the market opens.

What time is the Watsco conference call?

The Watsco conference call is scheduled for February 16, 2023, at 10:00 a.m. (ET).

How can I participate in Watsco's conference call?

Participants can pre-register for Watsco's conference call via a provided link for immediate access.

What is Watsco's contribution to climate change efforts?

Watsco has reportedly averted 15.8 million metric tons of CO2e emissions through the sale of high-efficiency HVAC systems from 2020 to 2022.