Watsco Q4 Earnings Call Highlights

Management said unit volumes declined in the quarter, which Nahmad framed as expected given a strong comparison in the prior year’s fourth quarter, when unit growth exceeded 20%.In the fourth quarter, Nahmad said Watsco achieved “double-digit pricing gains” on new A2L products and increased gross margin by 40 basis points to 27.1%. He reiterated the company’s longer-term gross margin objective of reaching 30% and said Watsco has ongoing initiatives intended to support that trajectory.Watsco also announced a ...