Watsco Inc (NYSE:WSO)
$ 479.95 -7.63 (-1.56%) Market Cap: 19.69 Bil Enterprise Value: 20.03 Bil PE Ratio: 37.49 PB Ratio: 7.19 GF Score: 86/100

Q4 2018 Watsco Inc Earnings Call Transcript

Feb 14, 2019 / 03:00PM GMT
Release Date Price: $143.08 (-6.48%)
Operator

Good morning. Welcome to the Watsco Fourth Quarter 2018 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Mr. Al Nahmad, CEO. Please go ahead.

Albert H. Nahmad
Watsco, Inc. - Chairman & CEO

Good morning, everyone. Welcome to our first quarter conference call. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President; Paul Johnston, Executive Vice President; and Barry Logan, Senior Vice President.

As we always do, before we start, the usual cautionary statement. This conference call has forward-looking statements as defined by SEC laws and regulations that are made pursuant to the safe harbor provisions of these various laws. Ultimate results may differ materially from the forward-looking statements.

2018 was another record performance year with sales, operating profit, net income and EPS, all reaching new highs.

2018 also represents a milestone, marking Watsco's 30-year anniversary in distribution of HVAC.

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot