Watsco Inc (FRA:WC3)
€ 450.2 9.5 (2.16%) Market Cap: 18.02 Bil Enterprise Value: 17.95 Bil PE Ratio: 38.06 PB Ratio: 7.81 GF Score: 88/100

Q4 2018 Watsco Inc Earnings Call Transcript

Feb 14, 2019 / 03:00PM GMT
Release Date Price: €127.12 (-6.14%)
Operator

Good morning. Welcome to the Watsco Fourth Quarter 2018 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

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

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

Good morning, everyone. Welcome to our first quarter conference call. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President; Paul Johnston, Executive Vice President; and Barry Logan, Senior Vice President.

As we always do, before we start, the usual cautionary statement. 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.

2018 was another record performance year with sales, operating profit, net income and EPS, all reaching new highs.

2018 also represents a milestone, marking Watsco's 30-year anniversary in distribution of HVAC.

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