Watsco to Participate in the J.P. Morgan 2025 Industrials Conference on March 12, 2025 at 8:15 a.m.
Rhea-AI Summary
Watsco (NYSE: WSO) has announced its participation in the J.P. Morgan 2025 Industrials Conference on March 12, 2025, at 8:15 a.m. (EDT). Executive Vice President Barry Logan and Vice President Rick Gomez will engage in a fireside chat, with a live webcast available on the company's investor relations website.
As the largest distributor of HVAC/R products across North and Latin America, Watsco focuses on the replacement market. According to March 2023 data, over 102 million HVAC systems in the US have been operating for more than 10 years below current efficiency standards. The company has made significant environmental contributions, averting an estimated 22.8 million metric tons of CO2e emissions from 2020 to 2024 through higher-efficiency HVAC system sales – equivalent to removing 5.3 million gas-powered vehicles annually.
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On the day this news was published, WSO declined 2.89%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
MIAMI, March 11, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) today announced its participation in the upcoming J.P. Morgan 2025 Industrials Conference.
Barry Logan, Executive Vice President, and Rick Gomez, Vice President, will participate in a fireside chat at the event on Wednesday, March 12, 2025 at 8:15 a.m. (EDT).
A live webcast of the event will be available in the Investor Relations section of Watsco’s website at https://investors.watsco.com/events.
About Watsco
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.
The Company’s focus is 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 https://www.watsco.com.
Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: blogan@watsco.com
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