Watsco to Host Investor & Analyst Meeting Focused on Technology and Innovation
Since 2012, Watsco’s technology team has grown from approximately 60
employees to 171 employees while achieving record levels of operating
performance. The present annual run-rate for costs associated with these
initiatives is approximately
- Mobile apps and other on-line tools to enable e-commerce using the industry’s most data-rich catalog of product information.
- Business intelligence and data analytics to enable more insightful decision-making by more than 600 P&L managers across the Company.
- Supply chain optimization to improve fill-rates, increase inventory turns and reduce infrastructure costs over the long-term.
- Tools to improve operational efficiency for 7+ million annual customer transactions.
A question and answer session will also be held to provide further insight into the presentation. An audio webcast and presentation slides will be available on our website at http://www.watsco.com.
About
Watsco’s traditional sales channel is through one of its 568 locations
in
Forward-Looking Statements
This document includes certain “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances. Actual results may
differ materially from these expectations due to changes in economic,
business, competitive market, new housing starts and completions,
capital spending in commercial construction, consumer spending and debt
levels, regulatory and other factors, including, without limitation, the
effects of supplier concentration, competitive conditions within
Watsco’s industry, seasonal nature of sales of Watsco’s products, the
ability of the Company to expand its business, insurance coverage risks
and final GAAP adjustments. Forward-looking statements speak only as of
the date the statement was made.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161130005930/en/
Source:
Watsco, Inc.
Barry S. Logan, 305-714-4102
Senior Vice
President
e-mail: blogan@watsco.com