Watsco Inc (BSP:W1SO34)

R$ 112.3 0 (0%) Market Cap: 113.37 Bil Enterprise Value: 115.47 Bil PE Ratio: 40.42 PB Ratio: 7.75 GF Score: 85/100

Watsco Inc at William Blair Growth Stock Conference Transcript

Jun 06, 2019 / 08:20PM GMT

Transcript

Ryan James Merkel

William Blair & Company L.L.C., Research Division - Research Analyst

Okay. Good afternoon, everyone. Thanks for being here. This is the Watsco presentation. Ryan Merkel here from William Blair's research department. Before we begin, I need to remind you that a complete list of disclosures is available on our website.

With us today is Barry Logan, Senior Vice President. Barry has been with the company for 27 years, and this is going to be his third conference this week, so they're keeping him busy. Watsco, as many of you know, is a leading HVAC distributor. We also sell parts and supplies and a little refrigeration. The company has had a tremendous track record, buy-and-build strategy, over 20% total shareholder return over 20 years. I expect that to continue.

And topical today is technology. Technology can really be a differentiator for Watsco in the market. I'm sure Barry is going to talk about it in his presentation, so let me turn over to Barry.

Barry S. Logan

Watsco, Inc. - Senior VP & Secretary

Thank you,

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