MIAMI, FLORIDA – January 19, 2017 — Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2016 fourth quarter and annual earnings results on Tuesday, February 14, 2017 at 10:00 a.m. (ET). Prepared remarks regarding the financial and operational results will be followed by a question and answer session with Watsco’s 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 http://www.watsco.com. The earnings results will be released before the market opens on February 14, 2017. 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:
Participants that would like to join the conference call, 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, Inc” call. Please call five to ten minutes prior to the scheduled start time as the number of telephone connections is limited.
Watsco improves indoor living and working environments with air conditioning and heating solutions that provide comfort regardless of the outdoor climate. 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. This is especially important since heating and cooling accounts for approximately half of the energy consumed in a typical U.S. home.
Watsco’s traditional sales channel is the sale of products from one of its 566 locations in the United States, Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. This network has been built over the last 25 years and serves 88,000 active customers. Watsco is developing and investing in technologies to enable sales via e-commerce, on-line marketplaces and through the retail sales channel. As the industry leader, significant growth potential remains given that the estimated marketplace for HVAC/R products at the consumer level is estimated to be $80 billion. Additional information about Watsco may be found at http://www.watsco.com