MIAMI, FLORIDA – (GLOBENEWSWIRE), March 9, 2018 – Watsco, Inc. (NYSE: WSO) announced today it will hold a meeting for institutional investors on Friday, May 18, 2018 in Coconut Grove, Florida from 10:00 a.m. to 1:00 p.m. by invitation only. The meeting will be co-hosted by Baird and is a rescheduling of the previously announced meeting date of March 16th.
Watsco’s leadership team will provide an overview and update for a variety of customer-obsessed technologies that have been launched to transform how HVAC/R contractors and technicians are served in the marketplace. Watsco believes speed, productivity and efficiency will be ever more critical as the digital era progresses and is investing to ensure an unparalleled customer-experience.
Proprietary innovations launched by Watsco include:
- Mobile apps, websites and e-commerce platforms, incorporating the industry’s most data-rich repository of product information.
- Order fulfillment software to improve speed and convenience of fulfilling 7 million orders annually.
- Business intelligence and data analytics to enable insightful decision-making by 600+ managers.
- Predictive analytics-driven demand planning and inventory optimization software to improve order fill-rates, increase inventory turns, reduce real estate requirements and improve long-term productivity.
The meeting will be webcasted on the Company’s website www.watsco.com.
Watsco operates 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 250,000 contractors and technicians visit or call one of its 560 locations each year to get information, obtain technical support and buy products.
HVAC/R products provide comfort to homes and businesses regardless of the outdoor climate. There are approximately 92 million central air conditioning and heating systems installed in the United States that have been in service 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 its 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.
Additional information about Watsco may be found at www.watsco.com.