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Watsco, Inc. (NYSE:WSO ) Q1 2025 Earnings Conference Call April 23, 2025 10:00 AM ET Company Participants Albert Nahmad - Chairman & Chief Executive Officer Paul Johnston - Executive Vice President Barry Logan - Executive Vice President, Planning & Strategy & Secretary A.J. Nahmad - President Rick Gomez - Vice President Conference Call Participants Stephen Volkmann - Jefferies David Manthey - Baird Jeffrey Sprague - Vertical Research Tommy Moll - Stephens Ryan Merkel - William Blair Brett Linzey - Mizuho Patrick Baumann - JPMorgan Jeff Hammond - KeyBanc Capital Markets Inc Chris Snyder - Morgan Stanley Steve Tusa - JPMorgan Operator Good day, and welcome to the Watsco First Quarter 2025 Earnings Conference Call.