Watsco to Host 2022 Earnings Call February 16, 2023
MIAMI, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2022 fourth quarter and annual financial results on Thursday, February 16, 2023 at 10:00 a.m. (ET). Prepared remarks regarding the results will be followed by a question-and-answer session with the 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 www.watsco.com. The earnings results will be released before the market opens on February 16, 2023. A replay of the conference call will be available on our website.
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: https://dpregister.com/sreg/10174951/f59c3a297d
Participants that would like to join, 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 â€œWatscoâ€ call. Please call five to ten minutes prior to the scheduled start time as the number of telephone connections is limited.
WatscoÂ is the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products with locations inÂ the United States,Â Canada,Â MexicoÂ andÂ Puerto Rico, and on an export basis toÂ Latin AmericaÂ and theÂ Caribbean. WatscoÂ estimates that over 350,000 contractors and technicians visit or call one of its 675 locations each year to get information, obtain technical support and buy products.
WatscoÂ has the opportunity to be a significant and important contributor toward climate change as its business plays an important role in the drive to lower CO2eÂ emissions.Â According to theÂ Department ofÂ Energy, heating and air conditioning accounts for roughly half ofÂ U.S.Â household energy consumption. As such, replacing HVAC systems at higher efficiency levels is one of the most meaningful steps homeowners can take to reduce electricity consumption and carbonÂ footprint over time.Â The overwhelming majority of new HVAC systemsÂ sold byÂ WatscoÂ replace systems that likely operate well below current minimum efficiency standards in theÂ U.S. As consumers replace HVAC systems with new, higher-efficiency systems,Â homeowners will consume less energy, save costs, and reduce the carbon footprint over time.
Based on estimates validated by independent sources,Â WatscoÂ averted an estimated 15.8 million metric tons of CO2e emissions fromÂ January 1, 2020Â toÂ December 31, 2022Â through the sale of replacement HVAC systems at higher-efficiency standards (an equivalent of removing 3.4 million gas powered vehicles off the road for a year). More information, including sources and assumptions used to support the Companyâ€™s estimates, can be found atÂ www.watsco.com.
Barry S. Logan
Executive Vice President
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