Watsco, Inc. (WSO) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.098 Good day and welcome to the Watsco First Quarter 2026 Earnings Conference Call. 00:00:05.098 -- 00:00:07.601 All participants will be in the listen-only mode. 00:00:07.601 -- 00:00:10.945 Should you need assistance, please signal your conference specialist by pressing the 00:00:10.945 -- 00:00:15.531 star key followed by zero. After today's presentation, there will be an opportunity to 00:00:15.531 -- 00:00:20.718 ask questions. To ask a question, you may press star and then one on your touchtone phone. 00:00:20.718 -- 00:00:23.822 To withdraw your question, you may press star and then two. 00:00:23.822 -- 00:00:26.686 Please note that this event is being recorded. 00:00:26.686 -- 00:00:28.628 I would now like to turn the conference over to Mr. 00:00:28.628 -- 00:00:32.659 Albert Named. Thank you, and a word to you. 00:00:34.583 -- 00:00:37.525 Welcome to our first quarter earnings call. 00:00:37.525 -- 00:00:42.610 This is Al Namid, Chairman and CEO. With me is Ajay Namid, 00:00:42.610 -- 00:00:47.455 the President, Paul Johnson, Barry Logan, and Rick Gomez. 00:00:47.455 -- 00:00:52.519 Before we start our cautionary statement, this conference call has forward-looking statements 00:00:52.519 -- 00:00:58.525 as defined by SEC laws and regulations that are made pursuant to the safe harbor provisions 00:00:58.525 -- 00:01:03.660 of these various laws. Ultimate results, they differ materially from the forward-looking 00:01:03.660 -- 00:01:05.660 statements. 00:01:07.004 -- 00:01:12.489 First quarter results point to improving stability now that the transition to ATOL 00:01:12.489 -- 00:01:14.652 products has matured. 00:01:14.652 -- 00:01:19.337 We expect a more simplified business environment this year, but 00:01:19.337 -- 00:01:23.9...