Watsco's Second Quarter Earnings Call Scheduled on July 30, 2024

Company Overview - Watsco, Inc. operates the largest distribution network for heating, air conditioning, and refrigeration (HVAC/R) products across the United States, Canada, Mexico, and Puerto Rico, with additional exports to Latin America and the Caribbean [4] - The company has 691 locations that serve over 375,000 owner-operators, technicians, and installers annually, providing information, technical support, and product sales [4] Market Insights - The replacement market for HVAC systems is growing due to the aging of installed systems, the introduction of more energy-efficient models, and the essential nature of HVAC products in residential and commercial settings [2] - Approximately 102 million HVAC systems in the U.S. have been in service for over 10 years, many of which operate below current minimum efficiency standards [2] Environmental Impact - Watsco has contributed to a significant reduction in CO2e emissions, averting an estimated 20.9 million metric tons from January 1, 2020, to June 30, 2024, through the sale of higher-efficiency replacement HVAC systems [5] - This reduction is equivalent to removing 5.0 million gas-powered vehicles from the road annually [5] - HVAC systems account for roughly half of U.S. household energy consumption, making the replacement of older systems with higher efficiency models critical for reducing electricity consumption and carbon footprints [8] Upcoming Events - Watsco will host a conference call on July 30, 2024, at 10:00 a.m. (EDT) to discuss its second-quarter results, with prepared remarks followed by a Q&A session [1][6] - Investors and analysts are encouraged to pre-register for the call to receive a unique PIN for immediate access [3]