Watsco, Inc. Announces Presentation at Stephens Investment Conference on November 19, 2024
Watsco, Inc. Announces Presentation at Stephens Investment Conference on November 19, 2024
Watsco's VP is presenting at the Stephens Investment Conference, highlighting their impact on HVAC efficiency and emissions reduction.
Quiver AI Summary
Watsco, Inc. announced that Rick Gomez, Vice President of Corporate Development, will present at the Stephens Investment Conference on November 19, 2024, at 2:00 p.m. CT in Nashville, Tennessee. The presentation will be available via live webcast on Watsco's Investor Relations website. Watsco is the largest distributor of HVAC/R products, focusing on the increasingly important replacement market due to the aging of systems and the need for energy-efficient models. The company highlights its role in addressing climate change, stating that it has helped avert 21.8 million metric tons of CO2e emissions since January 2020 by promoting higher-efficiency systems, equivalent to removing 5.2 million gas-powered vehicles from the roads annually. Additional details are available on their website.
Potential Positives
- Watsco's participation in the Stephens Investment Conference highlights its ongoing commitment to investor engagement and transparency, potentially enhancing investor confidence.
- The company's role in the replacement HVAC market positions it as a key player in addressing climate change, showcasing its impact on reducing CO2e emissions significantly.
- Watsco's estimates of averting 21.8 million metric tons of CO2e emissions reinforces its reputation as an environmentally responsible company, which could attract environmentally conscious investors and customers.
Potential Negatives
- The announcement focuses heavily on the company's contribution to climate change mitigation but does not provide specific details on how Watsco plans to maintain or enhance its market position amidst potential regulatory changes in the HVAC/R industry.
- The press release does not address recent or potential challenges the company might face, such as supply chain issues or competition, which may raise concerns about its future growth prospects.
- There's an emphasis on environmental impact, yet the lack of financial performance details may lead to perceptions of the company being more focused on sustainability than its profitability or revenue growth.
FAQ
When is Rick Gomez's presentation at the Stephens Investment Conference?
Rick Gomez will present on November 19, 2024, at 2:00 p.m. (CT).
How can I listen to the live webcast of the presentation?
You can listen to the live webcast at the Investor Relations section of Watsco's website.
What does Watsco, Inc. specialize in?
Watsco is the largest distributor of heating, air conditioning, and refrigeration (HVAC/R) products in North America.
How does Watsco contribute to climate change mitigation?
Watsco helps lower CO2e emissions by selling replacement HVAC systems that meet higher efficiency standards.
How much CO2e has Watsco averted from 2020 to 2024?
Watsco has averted an estimated 21.8 million metric tons of CO2e emissions during that period.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$WSO Hedge Fund Activity
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Full Release
MIAMI, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Rick Gomez, Vice President of Corporate Development, is scheduled to present at the Stephens Investment Conference being held at the Grand Hyatt in Nashville, Tennessee on Tuesday, November 19, 2024 at 2:00 p.m. (CT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at
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About Watsco
Watsco is the largest distributor of heating, air conditioning and refrigeration (HVAC/R) products with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean.
We focus on the replacement market, which has increased in size and importance as a result of the aging of installed systems, the introduction of higher energy efficient models and the necessity of HVAC products in homes and businesses. According to data published in March 2023 by the Energy Information Administration, there are approximately 102 million HVAC systems installed in the United States that have been in service for more than 10 years, most of which operate well below current minimum efficiency standards.
Accordingly, Watsco has the opportunity to be a significant and important contributor toward climate change as it plays an important role to lower CO2e emissions. According to the Department of Energy, HVAC systems account for roughly half of U.S. household energy consumption. As such, replacing older systems at higher efficiency levels is a critical means for homeowners to reduce electricity consumption and their carbon footprint.
Based on estimates validated by independent sources, Watsco averted an estimated 21.8 million metric tons of CO2e emissions from January 1, 2020 to September 30, 2024 through the sale of replacement HVAC systems at higher-efficiency standards, an equivalent of eliminating 5.2 million gas powered vehicles off the road annually. More information, including sources and assumptions used to support the Company's estimates, can be found at .
Barry S. Logan
Executive Vice President
(305) 714-4100
blogan@watsco.com
