Watsco Schedules Conference Call to Review 2024 Fourth Quarter Performance and Annual Results

Watsco (NYSE: WSO) has announced its upcoming conference call to discuss 2024 fourth quarter and annual results, scheduled for Tuesday, February 18, 2025, at 10:00 a.m. (ET).

Rhea-AI Summary

Watsco (NYSE: WSO) has announced its upcoming conference call to discuss 2024 fourth quarter and annual results, scheduled for Tuesday, February 18, 2025, at 10:00 a.m. (ET). The earnings results will be released before market opening on the same day.

As the largest distributor of HVAC/R products in the United States, Canada, Mexico, and Puerto Rico, Watsco plays a important role in climate change mitigation. According to March 2023 Energy Information Administration data, approximately 102 million HVAC systems in the United States are over 10 years old and operate below current efficiency standards.

The company's environmental impact is significant, having averted an estimated 22.8 million metric tons of CO2e emissions from January 2020 to December 2024 through higher-efficiency replacement HVAC systems. This achievement equals removing 5.3 million gas-powered vehicles from roads annually.

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MIAMI, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it has scheduled a conference call to discuss its 2024 fourth quarter performance and annual results on Tuesday, February 18, 2025 at 10:00 a.m. (ET). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.

The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on February 18, 2025. A replay of the conference call will be available on our website.

Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time.

To pre-register, go to: https://dpregister.com/sreg/10196675/fe724555f8

Participants that would like to join, but have not pre-registered, can do so by dialing (844) 883-3908 within the United States or (412) 317-9254 internationally and asking for the “Watsco” call. Please call five to ten minutes prior to the scheduled start time as the number of telephone connections is limited.

Watsco is the largest distributor of heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean.

We focus on the replacement market, which has increased in size and importance as a result of the aging of installed systems, the introduction of higher energy efficient models and the necessity of HVAC products in homes and businesses. According to data published in March 2023 by the Energy Information Administration, there are approximately 102 million HVAC systems installed in the United States that have been in service for more than 10 years, most of which operate well below current minimum efficiency standards.

Accordingly, Watsco has the opportunity to be a significant and important contributor toward climate change as it plays an important role to lower CO2e emissions. According to the Department of Energy, HVAC systems account for roughly half of U.S. household energy consumption. As such, replacing older systems at higher efficiency levels is a critical means for homeowners to reduce electricity consumption and their carbon footprint.

Based on estimates validated by independent sources, Watsco averted an estimated 22.8 million metric tons of CO2e emissions from January 1, 2020 to December 31, 2024 through the sale of replacement HVAC systems at higher-efficiency standards, an equivalent of eliminating 5.3 million gas powered vehicles off the road annually. More information, including sources and assumptions used to support the Company’s estimates, can be found at www.watsco.com.

Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: blogan@watsco.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When is Watsco's Q4 2024 earnings conference call scheduled?

Watsco's Q4 2024 earnings conference call is scheduled for Tuesday, February 18, 2025, at 10:00 a.m. (ET), with earnings results being released before market opening.

How many metric tons of CO2e emissions did WSO help avert between 2020-2024?

Watsco averted an estimated 22.8 million metric tons of CO2e emissions from January 1, 2020 to December 31, 2024 through the sale of higher-efficiency replacement HVAC systems.

What percentage of U.S. household energy consumption comes from HVAC systems?

According to the Department of Energy, HVAC systems account for approximately half of U.S. household energy consumption.

How many outdated HVAC systems are currently installed in the United States?

According to March 2023 Energy Information Administration data, approximately 102 million HVAC systems in the United States have been in service for more than 10 years.

What is the environmental impact equivalent of WSO's emissions reduction efforts?

Watsco's emissions reduction efforts through higher-efficiency HVAC systems are equivalent to removing 5.3 million gas-powered vehicles from the road annually.