Watsco, Inc. will host a conference call on February 18, 2025, to discuss fourth quarter and annual results.
Quiver AI Summary
Watsco, Inc. has announced a conference call scheduled for February 18, 2025, at 10:00 a.m. (ET) to discuss its fourth quarter and annual results for 2024, with prepared remarks followed by a Q&A session with senior management. The earnings results will be released prior to market opening on the same day. Interested participants can pre-register for immediate access, or join by dialing in on the day of the call. Watsco, the largest distributor of HVAC products, plays a significant role in the replacement market, which has grown due to the aging of existing systems. The company aims to reduce carbon emissions by promoting higher efficiency HVAC systems, having reportedly averted 22.8 million metric tons of CO2e emissions from 2020 to 2024. More details are available on their website.
Potential Positives
- Watsco is the largest distributor of HVAC/R products, emphasizing its leading position in a critical market.
- The company highlights its role in addressing climate change by promoting the replacement of older, less efficient HVAC systems.
- Watsco has achieved significant environmental impact, reportedly averting 22.8 million metric tons of CO2e emissions since 2020, showcasing its commitment to sustainability.
- The scheduled earnings conference call provides an opportunity for transparency and engagement with investors, which can enhance investor confidence.
Potential Negatives
- Scheduling the conference call to discuss future results may indicate that the company has not yet released its earnings, which could create uncertainty among investors.
- The acknowledgment of the aging HVAC systems and their inefficiency could suggest that Watsco is reliant on addressing a significant issue that may reflect poorly on the industry's current performance standards.
- The focus on climate change and emissions reduction might imply that the company is under pressure to meet environmental expectations, which could affect its operational strategies and costs moving forward.
FAQ
When is Watsco's 2024 fourth quarter conference call?
Watsco's conference call is scheduled for Tuesday, February 18, 2025, at 10:00 a.m. (ET).
How can I access the Watsco conference call?
The conference call can be accessed via a webcast on Watsco's website at www.watsco.com.
What information will be discussed in the conference call?
The call will cover Watsco's fourth quarter performance and annual results, followed by a Q&A session with senior management.
What should I do if I want to join the conference call?
You can pre-register online for a unique PIN or call (844) 883-3908 in the U.S. prior to the start time.
What role does Watsco play in reducing carbon emissions?
Watsco contributes to reducing CO2e emissions by selling high-efficiency HVAC replacement systems, significantly impacting energy consumption.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WSO Hedge Fund Activity
We have seen 369 institutional investors add shares of $WSO stock to their portfolio, and 364 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 346,470 shares (+10.6%) to their portfolio in Q3 2024, for an estimated $170,421,663
- CITADEL ADVISORS LLC removed 232,054 shares (-80.6%) from their portfolio in Q3 2024, for an estimated $114,142,721
- BAILLIE GIFFORD & CO removed 185,703 shares (-13.1%) from their portfolio in Q3 2024, for an estimated $91,343,591
- BAIRD FINANCIAL GROUP, INC. removed 156,773 shares (-57.9%) from their portfolio in Q3 2024, for an estimated $77,113,503
- BALYASNY ASSET MANAGEMENT L.P. removed 133,518 shares (-88.6%) from their portfolio in Q3 2024, for an estimated $65,674,833
- BENJAMIN EDWARDS INC added 102,640 shares (+2128.1%) to their portfolio in Q3 2024, for an estimated $50,486,563
- CAPITAL WORLD INVESTORS removed 100,000 shares (-13.5%) from their portfolio in Q3 2024, for an estimated $49,188,000
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIAMI, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it has scheduled a conference call to discuss its 2024 fourth quarter performance and annual results on Tuesday, February 18, 2025 at 10:00 a.m. (ET). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.
The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com . The earnings results will be released before the market opens on February 18, 2025. A replay of the conference call will be available on our website.
Investors and analysts are encouraged to pre-register for the conference call by using the link below. Participants who pre-register will be given a unique PIN to gain immediate access to the call. Pre-registration may be completed at any time up to the call start time.
To pre-register, go to: https://dpregister.com/sreg/10196675/fe724555f8
Participants that would like to join, but have not pre-registered, can do so by dialing (844) 883-3908 within the United States or (412) 317-9254 internationally and asking for the “Watsco” call. Please call five to ten minutes prior to the scheduled start time as the number of telephone connections is limited.
Watsco is the largest distributor of 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.
We focus on the replacement market, which has increased in size and importance as a result of the aging of installed systems, the introduction of higher energy efficient models and the necessity of HVAC products in homes and businesses. According to data published in March 2023 by the Energy Information Administration, there are approximately 102 million HVAC systems installed in the United States that have been in service for more than 10 years, most of which operate well below current minimum efficiency standards.
Accordingly, Watsco has the opportunity to be a significant and important contributor toward climate change as it plays an important role to lower CO2e emissions. According to the Department of Energy, HVAC systems account for roughly half of U.S. household energy consumption. As such, replacing older systems at higher efficiency levels is a critical means for homeowners to reduce electricity consumption and their carbon footprint.
Based on estimates validated by independent sources, Watsco averted an estimated 22.8 million metric tons of CO2e emissions from January 1, 2020 to December 31, 2024 through the sale of replacement HVAC systems at higher-efficiency standards, an equivalent of eliminating 5.3 million gas powered vehicles off the road annually. 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: [email protected]