Watsco Inc (STU:WC3)
€ 265.6 +3.2 (+1.22%) Market Cap: 10.92 Bil Enterprise Value: 11.39 Bil PE Ratio: 26.73 PB Ratio: 4.20 GF Score: 78/100

Watsco, Inc. at Morgan Stanley Laguna Conference Transcript

Sep 16, 2026 / 11:05PM GMT
Release Date Price: €265.6 (+1.22%)
Christine Yao
Morgan Stanley & Co Ltd - Equity Analyst

Thanks for joining us, everyone. Good afternoon. Before we get going, let me read the following disclosure. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley representative.

My name is Christian Yao, I am a member of the multi-industry team here. And on the stage, we are very pleased to have Barry Logan, Executive VP; and Rick Gomez, VP of Corporate Development from Watsco with us today.

So let's start with something high level maybe. Watco has become a much larger business today. Where do you guys see the biggest benefit of Watsco's scale? And what can Watsco do that other players cannot simply replicate?

Barry Logan
Watsco, Inc. - Executive Vice President, Company Secretary, Director

Sure. Well, thank you, Christine. Thank you for being here, everybody. It's the last session of the day, which also means, I guess, we can run a couple of

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