Watsco, Inc. (WSO) Q4 2025 Earnings Call Transcript

SA Transcripts158.44K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Watsco, Inc. (WSO) Q4 2025 Earnings Call February 17, 2026 10:00 AM EST Company Participants Albert Nahmad - Chairman & CEOBarry S. Logan - Executive VP of Planning & Strategy, Secretary and DirectorPaul Johnston - Executive Vice PresidentAaron Nahmad - Co-Vice Chairman & PresidentRick Gomez - Vice President of Corporate Development Conference Call Participants David Manthey - Robert W. Baird & Co. Incorporated, Research DivisionThomas Moll - Stephens Inc., Research DivisionMichael Francis - William Blair & Company L.L.C., Research DivisionBrett Linzey - Mizuho Securities USA LLC, Research DivisionJeffrey Hammond - KeyBanc Capital Markets Inc., Research DivisionC. Stephen Tusa - JPMorgan Chase & Co, Research DivisionChristopher Snyder - Morgan Stanley, Research DivisionPatrick Baumann - JPMorgan Chase & Co, Research Division Presentation Operator Good day, and welcome to the Watsco Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded. I would now like to turn the call over to Albert Nahmad. Please go ahead. Albert NahmadChairman & CEO Good morning, everyone. Welcome to our fourth quarter earnings call. This is Al Nahmad, Chairman and CEO. And with me is A.J. Nahmad, President; Paul Johnston, Barry Logan and Rick Gomez. Before we start, our cautionary statement as always. This conference call has forward-looking statements as defined by SEC laws and regulations that are made pursuant to the safe harbor provisions of these various laws. Ultimate results may differ materially from the forward-looking statements. As we all know, 2025 marked a year of significant regulatory change to next-generation equipment containing A2L refrigerants. This transition follows several busy volatile years beginning after 2019. We navigated through the COVID supply chain disruptions, sphere and energy-rated transitions, refrigerant changes and now the conversion to new ATL equipment. It has certainly been an adventure, and we look forward to a simpler operating environment this year.