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Q2 2023 Watsco Inc Earnings Call Transcript
Good morning, and welcome to the Watsco Second Quarter 2023 Earnings Call. (Operator Instructions) Please note this event is being recorded.
I would now like to turn the conference over to Albert Nahmad, Chairman and CEO. Please go ahead.
Good morning, everyone. Welcome to our second quarter 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. Now 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. Ultimate results may differ materially from the forward-looking statements.
Watsco delivered a solid quarter against a challenging backdrop. It was the second strongest quarterly performance in our history, which is about 50 years, only surpassed by last year's record-breaking second quarter when sales were up 15% and earnings per share was up 33% last year.
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