Watsco Inc (XPAR:WSO)

€ 81.5 0 (0%) Market Cap: - Enterprise Value: 167.33 Mil PE Ratio: 37.67 PB Ratio: 7.73 GF Score: 88/100

Watsco Inc at Morgan Stanley Laguna Conference Transcript

Sep 13, 2023 / 02:35PM GMT

Transcript

Joshua Charles Pokrzywinski

Morgan Stanley, Research Division - Equity Analyst

All right. Good morning. We're going to keep things rolling here on day 2 with Watsco. I'm joined on stage by Watsco's Senior Vice President, Barry Logan, a fixture of the company for a long time. So now I'm Mr. Watsco, I think, for most folks here. Very good to see you. Pleasure to have you as always. Maybe if you just wouldn't mind give us kind of an overview of what you're seeing out there, maybe the lay of the land. And I know Watsco has a lot of sort of strategic initiatives that have been in focus, particularly in the last few years. If you could just talk through at a high level sort of what people should be focused on for that. And then maybe dive into some questions.

Barry S. Logan

Watsco, Inc. - Executive VP of Planning & Strategy and Secretary

Sure. Again, well, just some basics for 60 seconds, the elevator pitch here real quick. Watsco has been around about 70 years. Current CEO, Chairman has been with us 50 years. In 1989, he moved the company toward distribution

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