Watsco Inc (NYSE:WSO)
$ 542.99 -0.18 (-0.03%) Market Cap: 21.88 Bil Enterprise Value: 21.77 Bil PE Ratio: 42.42 PB Ratio: 8.13 GF Score: 85/100

Q2 2022 Watsco Inc Earnings Call Transcript

Jul 26, 2022 / 02:00PM GMT
Release Date Price: $244.25 (-3.44%)
Operator

Good day, and welcome to the Watsco Second Quarter 2022 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Mr. Albert Nahmad, Chairman and CEO. Please go ahead, sir.

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

Good morning, everyone. Welcome from rainy, cloudy Miami, Florida. This is our second quarter earnings call, and this is Al Nahmad, Chairman and CEO. And with me is A.J. Nahmad, who's the company's President; Paul Johnston; Barry Logan; and Rick Gomez.

Before we start, our normal 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.

On to our information. Watsco delivered another exceptional quarter. Records were set for virtually every measure of performance. Earnings per share jumped 33% to a record 4 point -- sorry, to a record $4

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