Q2 2019 Watsco Inc Earnings Call Transcript
Welcome to the Watsco Second Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note, today's event is being recorded.
I would now like to turn the conference over to Albert Nahmad, CEO and Chairman of the Board. Please go ahead, sir.
Thank you, Marco. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President; and Paul Johnston, Executive Vice President; and Barry Logan, our Senior Vice President.
As always, before we start, our cautionary statement. This conference call has forward-looking statements as defined by SEC laws, and 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.
Let's get onto the quarter. Watsco produced another record quarter. Today, we also announced our agreement to purchase Peirce-Phelps, a longstanding HVAC distributor based in
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