MIAMI--(BUSINESS WIRE)--Jan. 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
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.
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20170119005136/en/
Source: Watsco, Inc.
Barry S. Logan, 305-714-4102
Senior Vice President