Q4 2018 Watsco Inc Earnings Call Transcript
Good morning. Welcome to the Watsco Fourth Quarter 2018 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.
I would now like to turn the conference over to Mr. Al Nahmad, CEO. Please go ahead.
Good morning, everyone. Welcome to our first quarter conference 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.
As we always do, before we start, the usual 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.
2018 was another record performance year with sales, operating profit, net income and EPS, all reaching new highs.
2018 also represents a milestone, marking Watsco's 30-year anniversary in distribution of HVAC.
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