Q1 2025 Watsco Inc Earnings Call Transcript

Apr 23, 2025 / 02:00PM GMT
Operator

Good day, and welcome to the Watsco first quarter 2025 earnings conference call. (Operator Instructions) Please note this event has been recorded.

I would now like to turn the conference over to Mr. Albert Nahmad, Chief Executive Officer. Thank you, and over to you, sir.

Albert Nahmad - Watsco Inc - Chairman of the Board, Chief Executive Officer

Good morning, everyone. Welcome to Watsco's First Quarter 2025 Earnings Call, and this is Al Nahmad, Chairman and CEO. And with me is A.J. Nahmad, President; Paul Johnston; Barry Logan; and Rick Gomez.

Before we start, our 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. All said results may differ materially from the forward-looking statements.

I'm moving on to our report. Watsco reported a good first quarter. We have a lot of positive things going on related to the transition of products in the new A2L system. They will ultimately impact around [55%] of

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