Q2 2019 Watsco Inc Earnings Call Transcript

Feb 11, 2024

Jul 18, 2019 / 02:00PM GMT
Operator

Welcome to the Watsco Second Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note, today's event is being recorded.

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

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

Thank you, Marco. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President; and Paul Johnston, Executive Vice President; and Barry Logan, our Senior Vice President.

As always, before we start, our cautionary statement. This conference call has forward-looking statements as defined by SEC laws, and 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.

Let's get onto the quarter. Watsco produced another record quarter. Today, we also announced our agreement to purchase Peirce-Phelps, a longstanding HVAC distributor based in

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