Watsco

Watsco to Present at the J.P. Morgan 2024 Industrials Conference

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星期五, 三月 8, 2024

MIAMI, March 08, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Barry Logan, Executive Vice President, is scheduled to speak at J.P. Morgan’s 2024 Industrials Conference being held at J.P. Morgan’s offices on Tuesday, March 12, 2024 at 9:15 a.m. (EDT).

Key Points: 
  • MIAMI, March 08, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Barry Logan, Executive Vice President, is scheduled to speak at J.P. Morgan’s 2024 Industrials Conference being held at J.P. Morgan’s offices on Tuesday, March 12, 2024 at 9:15 a.m. (EDT).
  • Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco’s website at www.watsco.com .

Altus Power Announces Appointment of CBRE Chief Sustainability Officer, Robert Bernard, to Board of Directors

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星期一, 三月 4, 2024

Altus Power (NYSE: AMPS), the largest commercial scale provider of clean, electric power, today announced the appointment of Robert Bernard, CBRE’s Chief Sustainability Officer, to its Board of Directors.

Key Points: 
  • Altus Power (NYSE: AMPS), the largest commercial scale provider of clean, electric power, today announced the appointment of Robert Bernard, CBRE’s Chief Sustainability Officer, to its Board of Directors.
  • Bernard assumes the board seat made available by the recent retirement of Bill Concannon, who led CBRE’s partnership with Altus Power since 2021.
  • “Rob’s appointment is endorsed by CBRE’s senior leadership and reaffirms CBRE’s commitment to our partnership.”
    “Rob’s role on Altus Power’s board will help drive CBRE’s commitment to sustainability for our clients,” added Bob Sulentic, Chair & CEO of CBRE.
  • “We continue to view our partnership with Altus Power as providing a unique solution for CBRE clients that are committed to reducing their carbon footprints.”
    As Chief Sustainability Officer, Bernard drives enterprise-wide strategies that strengthen the suite of sustainability services that CBRE delivers for its clients.

Watsco Boosts Annual Dividend 10% to $10.80 Per Share

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星期二, 二月 13, 2024

MIAMI, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved a 10% increase in its annual dividend to $10.80 per share on each outstanding share of its Common and Class B common stock.

Key Points: 
  • MIAMI, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE:WSO) announced that its Board of Directors approved a 10% increase in its annual dividend to $10.80 per share on each outstanding share of its Common and Class B common stock.
  • The increase will be reflected in the Company’s next quarterly dividend payment in April 2024.
  • The Company’s philosophy is to share increasing amounts of cash flow through higher dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network.
  • Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco’s overall financial condition.

Watsco Reports Strong 2023 Performance Gaining Share in a Soft Market Boosts Annual Dividend 10% to $10.80 Per Share

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星期二, 二月 13, 2024

MIAMI, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) reported its results for the fourth quarter and full year ended December 31, 2023. The Company also provided commentary on business trends, growth opportunities, technology innovation and its financial strength.

Key Points: 
  • In contrast, 2023 performance reflects softer market conditions with more conventional levels of pricing actions and normalized levels of HVAC system replacement.
  • Based on published industry data, annual OEM shipments of unitary HVAC systems declined by approximately 15% in 2023 (over 30% decline during the fourth quarter).
  • 2023 results also reflect a significant product transition to higher-efficiency systems in response to regulatory requirements that went into effect on January 1, 2023.
  • For over a decade, our contractor-based platforms have helped Watsco build market share, accelerate customer acquisition and drive margin expansion.

Watsco to Host 2023 Earnings Call February 13, 2024

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星期二, 二月 6, 2024

MIAMI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 fourth quarter and annual financial results on Tuesday, February 13, 2024 at 10:00 a.m. (ET).

Key Points: 
  • MIAMI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 fourth quarter and annual financial results on Tuesday, February 13, 2024 at 10:00 a.m. (ET).
  • Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.
  • The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com .
  • The earnings results will be released before the market opens on February 13, 2024.

CEO Warrior becomes a gold sponsor of Women in HVACR

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星期一, 二月 5, 2024

EATONTOWN, N.J., Feb. 5, 2024 /PRNewswire/ -- CEO Warrior, a nationally recognized business development, training and implementation organization for the service business industry, announced today that it has become a gold sponsor of Women in HVACR, a nonprofit organization dedicated to empowering women in the heating, ventilation, air conditioning and refrigeration trades.

Key Points: 
  • "Women in HVACR's mission of encouraging women to enter the trades is something we at CEO Warrior wholeheartedly support," CEO Warrior CEO Scott Bohannon said.
  • "Women in HVACR have commendable diversity and inclusivity initiatives that I am eager to endorse," said CEO Warrior Director of Business Development Caroline Moriarty.
  • "This collaboration provides CEO Warrior with the opportunity to actively contribute to and create more opportunities for women in the HVACR industry."
  • Women in HVACR is an organization that fosters networking, education and mentoring for women in the industry.

Watsco Declares $2.45 Quarterly Dividend and Commemorates Paying Dividends for 50 Consecutive Years

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星期二, 一月 2, 2024

Albert H. Nahmad, Watsco’s Chairman and CEO stated: “This marks our 50th consecutive year of paying dividends.

Key Points: 
  • Albert H. Nahmad, Watsco’s Chairman and CEO stated: “This marks our 50th consecutive year of paying dividends.
  • We believe this represents an extraordinary milestone, especially given the Company’s strong track record of growth.
  • We are very pleased to share our success with shareholders through dividends, which have grown at a compounded annual growth rate of 21% since Watsco entered distribution in 1989.”
    The Company’s philosophy is to share cash flow through dividends while maintaining a conservative balance sheet with continued capacity to build its distribution network.
  • Future changes in dividends are considered in light of investment opportunities, cash flow, general economic conditions and Watsco’s overall financial condition.

Watsco to Present at the Stephens Annual Investment Conference on November 14, 2023

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星期一, 十一月 13, 2023

MIAMI, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Enrique (Rick) Gomez, Vice President, is scheduled to speak at the Stephens Annual Investment Conference being held at the Grand Hyatt in Nashville, Tennessee on Tuesday, November 14, 2023 at 3:00 p.m. (ET).

Key Points: 
  • MIAMI, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that Enrique (Rick) Gomez, Vice President, is scheduled to speak at the Stephens Annual Investment Conference being held at the Grand Hyatt in Nashville, Tennessee on Tuesday, November 14, 2023 at 3:00 p.m. (ET).
  • Internet users can listen to a live webcast of the presentation at the Investor Relations section of Watsco’s website at www.watsco.com .

Watsco Reports Record-Breaking Third Quarter

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星期四, 十月 19, 2023

MIAMI, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced its results for the third quarter and nine-month period ended September 30, 2023. Third quarter records were achieved for sales, operating income, operating margin, net income and earnings per share. The Company also provided commentary on trends, growth opportunities, technology innovation and its financial strength.

Key Points: 
  • Third quarter records were achieved for sales, operating income, operating margin, net income and earnings per share.
  • Albert Nahmad, Chairman and CEO commented: “We are pleased to deliver record results this quarter, a testimony to the strong execution by our leadership teams and associates.
  • We are also pleased with the acquisition of Gateway Supply Company and we welcome their employees and customers to the Watsco family.
  • Our suite of contractor-based platforms has helped Watsco build market share, accelerate new customer acquisition and drive margin expansion.

Watsco’s Earnings Call to Discuss Third Quarter Results Scheduled on October 19, 2023

Retrieved on: 
星期五, 十月 6, 2023

MIAMI, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 third quarter financial results on Thursday, October 19, 2023 at 10:00 a.m. (EDT).

Key Points: 
  • MIAMI, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it will host a conference call to discuss its 2023 third quarter financial results on Thursday, October 19, 2023 at 10:00 a.m. (EDT).
  • Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.
  • The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com .
  • The earnings results will be released before the market opens on October 19, 2023.