press release

June 3, 2022, 7:30 a.m. EDT

Watsco to Present at the William Blair 42nd Annual Growth Stock Conference on June 9, 2022 at 8:00 a.m. CDT

MIAMI, June 03, Jun 03, 2022 (GLOBE NEWSWIRE via COMTEX) -- MIAMI, June 03, 2022 (GLOBE NEWSWIRE) -- Watsco, Inc. /zigman2/quotes/202815144/composite WSO -3.11% announced today that Barry Logan, Executive Vice President, is scheduled to present at the William Blair 42nd Annual Growth Stock Conference being held at the Loews Chicago Hotel on Thursday, June 9, 2022 at 8:00 a.m. (CDT). Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco's website at http://www.watsco.com .

About Watsco, Inc.

Watsco is the largest distribution network for 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. Watsco estimates that over 350,000 contractors and technicians visit or call one of its 671 locations each year to get information, obtain technical support and buy products.

Watsco has the opportunity to be a significant and important contributor toward climate change as its business plays an important role in the drive to lower CO2e emissions. According to the Department of Energy, heating and air conditioning accounts for roughly half of U.S. household energy consumption. As such, replacing HVAC systems at higher efficiency levels is one of the most meaningful steps homeowners can take to reduce electricity consumption and carbon footprint over time.

The overwhelming majority of new HVAC systems sold by Watsco replace systems that likely operate well below current minimum efficiency standards in the U.S. and may use more harmful refrigerants that have been subsequently phased-out. As consumers replace HVAC systems with new, higher-efficiency systems, homeowners will consume less energy, save costs and reduce the carbon footprint over time.

Based on estimates validated by independent sources, Watsco averted an estimated 11.4 million metric tons of CO2e emissions from January 1, 2020 to March 31, 2022 through the sale of replacement HVAC systems at higher-efficiency standards. More information, including sources and assumptions used to support the Company's estimates, can be found at www.watsco.com .

Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: blogan@watsco.com

COMTEX_408150520/2471/2022-06-03T07:30:22

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

(C) Copyright 2022 GlobeNewswire, Inc. All rights reserved.

/zigman2/quotes/202815144/composite
US : U.S.: NYSE
$ 270.07
-8.67 -3.11%
Volume: 158,762
Nov. 28, 2022 4:00p
P/E Ratio
19.66
Dividend Yield
3.27%
Market Cap
$10.85 billion
Rev. per Employee
$1.05M
loading...

Partner Center

Link to MarketWatch's Slice.