Q1 2019 Watsco Inc Earnings Call Transcript

Apr 23, 2019 / 02:00PM GMT

Release Date Price: $156.97 (+3.96%)

Transcript 8-K

Operator

Welcome to the Watsco First Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note that this event is being recorded.

I would now like to turn the conference over to Albert Nahmad, CEO and Chairman of the Board. Mr. Nahmad, Please go ahead.

Albert H. Nahmad

Watsco, Inc. - Chairman & CEO

Good morning, everyone, and I hope everyone is having a beautiful spring day. Welcome to Watsco's First Quarter Earnings Call. This is Al Nahmad, Chairman and CEO, and with me is A.J. Nahmad, President; Paul Johnston, Executive Vice President; and Barry Logan, Senior Vice President.

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.

Now on to our report. I'm fighting off a cold. Now Watsco produced another record quarter. Sales, operating profit, same-store operating margins, net income and

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