Watsco Inc (BSP:W1SO34)
R$ 124.67 12.37 (11.02%) Market Cap: 125.86 Bil Enterprise Value: 127.94 Bil PE Ratio: 40.16 PB Ratio: 7.70 GF Score: 86/100

Q1 2019 Watsco Inc Earnings Call Transcript

Apr 23, 2019 / 02:00PM GMT
Operator

Welcome to the Watsco First Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note that this event is being recorded.

I would now like to turn the conference over to Albert Nahmad, CEO and Chairman of the Board. Mr. Nahmad, Please go ahead.

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

Good morning, everyone, and I hope everyone is having a beautiful spring day. Welcome to Watsco's First Quarter Earnings Call. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President; Paul Johnston, Executive Vice President; and Barry Logan, Senior Vice President.

Now before we start, our cautionary statement. This conference call has forward-looking statements as defined by SEC laws and regulations that are made pursuant to the safe harbor provisions of these various laws. Ultimate results may differ materially from the forward-looking statements.

Now on to our report. I'm fighting off a cold. Now Watsco produced another record quarter. Sales, operating profit, same-store operating margins, net income and

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot