Watsco Inc (XPAR:WSO)

€ 81.5 0 (0%) Market Cap: - Enterprise Value: 167.33 Mil PE Ratio: 37.28 PB Ratio: 7.65 GF Score: 88/100

Watsco Inc at Jefferies Industrials Conference Transcript

Aug 08, 2019 / 02:55PM GMT

Transcript 10-Q

Stephen Edward Volkmann

Jefferies LLC, Research Division - Equity Analyst

Hello, everybody. I think we're going to continue on here with Watsco. So I'm Steve Volkmann with Jefferies. I cover Watsco, if there's anybody I haven't met. I'm very pleased to welcome Rick Gomez, who's the Vice President of Corporate Development, who's going to take us through a few minutes of presentation, and then we'll have some time for Q&A as well, and we encourage your participation there.

So Rick, thanks so much for coming. I know you braved a lot to get here. So we appreciate it.

Rick Gomez

Watsco, Inc. - VP of Corporate Development

Thank you, Steve, and good morning, everyone. Air traffic yesterday was quite fun, but I'm happy to be here and happy to be sharing the Watsco story.

So for those of you that don't really know our story yet or are new to the story, I'll give you some basic facts. We were founded in the 1950s and have been public ever since, formally entered HVAC distribution in 1989 and during those 30 years have become the market leader in

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