is and President. to everyone's call. Watsco's Chairman Barry with Al everyone Executive Paul spring President; Vice This a day. Nahmad, and me And CEO. Welcome first Senior and Nahmad, I morning, President; having Johnston, Vice hope Logan, beautiful is A.J. Good quarter earnings
these are statements by SEC of laws Now before statement. laws. cautionary Harbor defined our various to This conference Safe regulations may as from that made results we start, call pursuant the has differ forward-looking forward-looking the Ultimate and provisions materially statements.
our me, Now report, on cold. a fighting to excuse I'm off
and another Now, same flow produced operating reached store margins, operating income, record Watsco margins profit, all same reflect store flat quarter. Sales, Results new SG&A. cash and highs. net gross better
achieved adverse difficult one less certain markets, was from year quarter. performance this during in in ago also a weather selling and comparisons sales Our day
believe be Although will another early, very year. we record it's XXXX
to continue also We make investments.
new that customer focus to locations iterate of develop, variety We continued have a and launch have density opened add in technologies. markets. we - XX and And our more
Over the our will innovations doing of long run, way these business. transform
of few is XX% billion technology mobile our sales results. this E-commerce approaching we $X.X XX run over unique and rate were months. last in users quarter's of the Furthermore, a XX,XXX Now, surpassed apps.
Next, sales growth outpace rates continued users for active non-users. to
want sales outgrow these of for which wanted what attrition the outgrow users customer long with help active fundamental to rates continued results again, our them our the to one we non-users. And growth objectives, term market. partner That's with is occurring to sales customers say most Less our our do. We is market. outpace and speak that year-over-year Let user me to community. to finally,
Now, moving sheet on our cash and balance flow. to
XX-year enough, is be growth and the part years. Interesting XX% to of look net family, the them for an we and successful. same again US shareholder paid which continue for acquisition and million years year. rate Northeast business be dividends, and an I rate now XXth cash DASCO's of will compounded annual rate income will company light April, XX%. compounded it. conservative of year, a In flow January, that of We mentioned cap shareholder we $X.XX Operating DASCO's total Future made our for ratio. all I quarter flow, our with say it debt be XX% of is Our But DASCO It we DASCO at exceed that XX name dividend has our the target because $XX completed great of and say annualized to companies, highest total In dividend conditions. how culture dividends a that led rate that's share. opportunities, cash to consecutive in strong very we increases for operated XX% return. that flow of per family. condition to wonderful our that we will team the way X% increased a financial by total part growth of note want in that's to cash Supply, investment the remains considered growth is among consecutive was balance XXXX sheet record paying we often year, this XX-year marks and compounded dividends. have XX should the public return, by
owners ideal time network We this for is to continue to to time our grow us. believe seek we additional And I an they with engage ideal an hope opportunities do. - and
who Q&A. about provide and to One will our is have culture we a at more visit strategy. better journey. and away our more during release visited, our Our of about details be come invitation Miami color us Those to important understanding learn press to provides thing And last with performance. happy our renew technology
with said, questions turn as for to to well and your A.J., as Barry Paul I want that Now me. Anita?
