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 2023 Watsco Inc Earnings Call Transcript

Feb 13, 2024 / 03:00PM GMT
Release Date Price: $384.17 (-6.39%)
Operator

Good morning, and welcome to the Watsco Fourth Quarter 2023 Earnings Call. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Albert Nahmad, Chairman and CEO. Please go ahead.

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

Thank you, and good morning, everyone. Welcome to our Fourth Quarter Earnings Call. This is Al Nahmad, Chairman and CEO. With me is A.J. Nahmad, Watsco's President; and Paul Johnston, Barry Logan and Rick Gomez.

Now before we start, our cautionary statement, as always, this conference call has forward-looking statements as defined by the SEC laws and regulations that are made pursuant to safe harbor provisions of these various laws. Ultimate results may differ materially from forward-looking statements. Now, Watsco delivered strong results in 2023 despite some market conditions which were somewhat inevitable after two extraordinary years in 2021 and 2022. Reflecting in the year's results, I am proud of the accomplishments we delivered.

We achieved market

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