Watsco Inc (NYSE:WSO)
$ 517.47 -4.9 (-0.94%) Market Cap: 21.16 Bil Enterprise Value: 21.20 Bil PE Ratio: 40.81 PB Ratio: 7.82 GF Score: 85/100
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Q1 2022 Watsco Inc Earnings Call Transcript

Apr 21, 2022 / 02:00PM GMT
Release Date Price: $299.34 (+4.45%)
Operator

Good morning, and welcome to the Watsco First Quarter 2022 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

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

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

Good morning, everyone. Welcome to our first quarter earnings call. And as she said, this is Al Nahmad, Chairman and CEO. With me is A.J. Nahmad, who's the President; and Paul Johnston; Barry Logan; and Rick Gomez.

Now before we start, our cautionary statement as usual. 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.

Well, now that that's over, let me report the -- that we had another exceptional quarter. New records were set on virtually every measurement of performance. Earnings per share jumped 109% to a record $2.90 per share. Sales grew 34%

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