MIAMI--(BUSINESS WIRE)--Oct. 14, 2016--
Watsco, Inc. (NYSE: WSO) announced today that it will host a conference
call to discuss its 2016 third quarter earnings results on Tuesday,
October 25, 2016 at 10:00 a.m. (EDT). 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 October
25, 2016. A replay of the conference call will be available on our
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 through one of its 568 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, we believe that significant growth potential remains
given that the marketplace for HVAC/R products at the consumer level is
estimated to be $80 billion annually. Additional information about
Watsco may be found at http://www.watsco.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161014005044/en/
Source: Watsco, Inc.
Barry S. Logan, 305-714-4102