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

Q2 2023 Watsco Inc Earnings Call Transcript

Aug 01, 2023 / 02:00PM GMT
Release Date Price: $376.95 (-0.33%)
Operator

Good morning, and welcome to the Watsco Second Quarter 2023 Earnings Call. (Operator Instructions) Please note this event is being recorded.

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

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

Good morning, everyone. Welcome to our second quarter earnings call. And this is Al Nahmad, Chairman and CEO. And with me is A.J. Nahmad, President; Paul Johnston, Barry Logan and Rick Gomez. Now before we start, our 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.

Watsco delivered a solid quarter against a challenging backdrop. It was the second strongest quarterly performance in our history, which is about 50 years, only surpassed by last year's record-breaking second quarter when sales were up 15% and earnings per share was up 33% last year.

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