Q4 2020 Watsco Inc Earnings Call Transcript

Feb 11, 2024

Feb 11, 2021 / 03:00PM GMT
Operator

Good day, and welcome to the Watsco Fourth Quarter 2020 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Albert Nahmad, CEO. Please go ahead.

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

Good morning, everyone. I hope everyone is healthy and safe, and welcome to Watsco's Fourth Quarter Earnings Call. This is Al Nahmad, Chairman and CEO; and with me is A.J. Nahmad, President; Paul Johnston, Executive Vice President; and Barry Logan, also Executive Vice President.

As we normally do, before we start, here's our cautionary statement. The conference call has forward-looking statements as defined by SEC laws and regulators that are made pursuant to the safe harbor provisions of these various laws. Ultimate results may differ materially from the forward-looking statements.

Now on to our financial report. Watsco produced another record year, with sales, net income and earnings per share reaching record levels. We generated record cash flow of

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