Watsco Schedules Conference Call to Review 2024 Fourth Quarter Performance and Annual Results

Company Overview - Watsco, Inc. is the largest distributor of heating, air conditioning, and refrigeration (HVAC/R) products with operations in the United States, Canada, Mexico, Puerto Rico, and exports to Latin America and the Caribbean [4] Market Focus - The company focuses on the replacement market, which has grown due to the aging of installed systems, the introduction of higher energy-efficient models, and the necessity of HVAC products in homes and businesses [5] - Approximately 102 million HVAC systems in the U.S. have been in service for over 10 years, most operating below current minimum efficiency standards [5] Environmental Impact - Watsco plays a significant role in addressing climate change by contributing to the reduction of CO2e emissions through the sale of higher-efficiency HVAC systems [6] - HVAC systems account for roughly half of U.S. household energy consumption, making the replacement of older systems critical for reducing electricity consumption and carbon footprints [6] Emission Reduction Achievements - From January 1, 2020, to December 31, 2024, Watsco is estimated to have averted 22.8 million metric tons of CO2e emissions, equivalent to removing 5.3 million gas-powered vehicles from the road annually [7]