Watsco Schedules First Quarter Conference Call On Wednesday, April 23, 2025

Rhea-AI Summary

Watsco (NYSE: WSO) has announced its upcoming first quarter 2025 earnings conference call scheduled for Wednesday, April 23, 2025 at 10:00 a.m. (EDT). The earnings results will be released before market opening on February 18, 2025.

As the largest distributor of HVAC/R products across the United States, Canada, Mexico, and Puerto Rico, Watsco plays a important role in climate change mitigation. The company focuses on the replacement market, targeting the approximately 102 million HVAC systems in the US that are over 10 years old and operating below current efficiency standards.

From January 2020 to December 2024, Watsco's high-efficiency replacement systems have helped avert an estimated 22.8 million metric tons of CO2e emissions, equivalent to removing 5.3 million gas-powered vehicles from roads annually. This impact is significant considering HVAC systems account for about half of U.S. household energy consumption.

MIAMI, April 09, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it has scheduled a conference call to discuss its 2025 first quarter results on Wednesday, April 23, 2025 at 10:00 a.m. (EDT). 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/10198780/fee8469eb0

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

When is Watsco (WSO) releasing its Q1 2025 earnings?

Watsco will release its Q1 2025 earnings before market opens on February 18, 2025, with a conference call scheduled for April 23, 2025 at 10:00 a.m. EDT.

How many metric tons of CO2 emissions did Watsco (WSO) help reduce between 2020-2024?

Watsco helped avert 22.8 million metric tons of CO2e emissions from January 2020 to December 2024 through high-efficiency HVAC system replacements.

What is the size of Watsco's (WSO) potential replacement market in the United States?

According to March 2023 data, approximately 102 million HVAC systems in the United States have been in service for over 10 years and operate below current efficiency standards.

What percentage of U.S. household energy consumption comes from HVAC systems according to Watsco (WSO)?

According to the Department of Energy, HVAC systems account for approximately 50% of U.S. household energy consumption.

How many gas-powered vehicles is Watsco's (WSO) emissions reduction equivalent to?

Watsco's CO2e emissions reduction is equivalent to removing 5.3 million gas-powered vehicles from the road annually.