Watsco, Inc. (WSO) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.031 Hello, 00:00:05.778 -- 00:00:10.865 good day, and welcome to the WESCO Incorporated Third Quarter 00:00:10.865 -- 00:00:15.852 Conference Call. All participants will be in listen-only mode. 00:00:15.852 -- 00:00:20.998 Should you need assistance, please signal a conference specialist by pressing the star 00:00:20.998 -- 00:00:23.762 key followed by zero. 00:00:23.762 -- 00:00:29.275 After today's presentation, there will be an opportunity to ask questions. 00:00:29.275 -- 00:00:35.521 To ask a question, you may press star, then 1 on a touch-tone phone. 00:00:35.521 -- 00:00:40.785 To withdraw your question, please press star, then 2. 00:00:40.785 -- 00:00:44.449 Please note this event is being recorded. 00:00:44.449 -- 00:00:49.953 I would now like to turn the conference over to Albert Named, Chairman and CEO. 00:00:49.953 -- 00:00:52.454 Please go ahead. 00:00:53.156 -- 00:00:58.182 Good morning, everyone. Welcome to our third quarter earnings call. 00:00:58.182 -- 00:01:03.649 And this is Al Namit, Chairman and CEO. And with me is AJ, 00:01:03.649 -- 00:01:08.896 President of Watsco, Paul Johnston, Barry Logan, and Rick Gomez. 00:01:08.896 -- 00:01:14.343 Before we start our normal cautionary statement, this conference call has forward-looking 00:01:14.343 -- 00:01:18.889 statements as defined by SEC laws and regulations 00:01:18.889 -- 00:01:22.433 that are made pursuant to the safe harbor provisions 00:01:22.433 -- 00:01:28.190 of these various laws. Ultimate results may differ materially in the forward-looking 00:01:28.190 -- 00:01:30.190 statement. 00:01:30.594 -- 00:01:35.741 I am pleased to report that Watson generated healthy earnings and record cash 00:01:35.741 -- 00:01:40.905 flow despite a very challenging market envir...