Watsco to Present at Jefferies Industrial Conference on August 9, 2022 at 10:30 a.m. EDT
08/05/2022 - 07:30 AM
MIAMI, Aug. 05, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Rick Gomez, Vice President, is scheduled to present at the Jefferies Industrial Conference being held at the InterContinental New York Barclay hotel on Tuesday, August 9, 2022 at 10:30 a.m. (EDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco’s website at http://www.watsco.com .
About Watsco, Inc.
Watsco is the largest distribution network for 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. Watsco estimates that over 350,000 contractors and technicians visit or call one of its 673 locations each year to get information, obtain technical support and buy products.
Watsco has the opportunity to be a significant and important contributor toward climate change as its business plays an important role in the drive to lower CO2e emissions. According to the Department of Energy, heating and air conditioning accounts for roughly half of U.S. household energy consumption. As such, replacing HVAC systems at higher efficiency levels is one of the most meaningful steps homeowners can take to reduce electricity consumption and carbon footprint over time.
The overwhelming majority of new HVAC systems sold by Watsco replace systems that likely operate well below current minimum efficiency standards in the U.S. and may use more harmful refrigerants that have been subsequently phased-out. As consumers replace HVAC systems with new, higher-efficiency systems, homeowners will consume less energy, save costs and reduce the carbon footprint over time.
Based on estimates validated by independent sources, Watsco averted an estimated 12.9 million metric tons of CO2e emissions from January 1, 2020 to June 30, 2022 through the sale of replacement HVAC systems at higher-efficiency standards. 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
WSO Rankings
#722 Ranked by Stock Gains
WSO Stock Data
Industry
Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
Sector
Wholesale Trade
Tags
Producer Manufacturing, Wholesale Trade, Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers , Building Products
Country
US
City
Coconut Grove
About WSO
watsco, inc. (nyse:wso) is the largest distributor of heating, air conditioning, and refrigeration (hvac/r) products with 507 locations in 36 states, puerto rico, latin america and the caribbean. founded more than 50 years ago as a manufacturer of parts and components for hvac/r equipment, watsco entered the distribution segment in 1989 and has become the industry leader with sales of $2.0 billion in 2009. watsco has 4,000 employees assisting over 50,000 contractors who, in turn, service, repair or replace hvac/r systems. watsco meets contractor’s needs by supplying the products required for the four major industry segments: air conditioners, furnaces and related parts (50%) air movement products, including ductwork and insulation (25%) controls, including thermostats and air treatment systems (15%) refrigeration products (10%)
