Millennials are buying houses in large numbers and people who can now work from anywhere are moving all over the country. This creates both an opportunity and a challenge for HVAC contractors.
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Danfoss Seeks Nominations for Annual EnVisioneer of the Year Award Competition
Danfoss announced it is now accepting entries for its thirteenth annual EnVisioneer of the Year award competition.
Bans on New Natural Gas Infrastructure Spread
A ban on the installation of natural gas infrastructure in new buildings is coming soon to a town near you, and the local HVAC industry needs to be prepared — or maybe not.
Women in Industry ELEVATE2022 Louisville registration open
Registration is now open for Women in Industry’s ELEVATE2022 conference that takes place April 20-22 at the Hyatt Regency in Louisville, Kentucky.
Mike Miazga: ASA special compensation study highlights continued industry labor struggles
Do you want the OK news first or the bad news first? How about we try to stay somewhat positive out of the gates. ASA recently released findings from its second special compensation/benefits study that it commissioned business intelligence partner Industry Insights to conduct in the latter part of 2021.
ASHRAE Announces Nominees for 2022-23 Slate of Officers and Directors
ASHRAE announced its nominees for the 2022-23 slate of officers and directors. Nominations for officers and directors were made by the ASHRAE Nominating Committee.
Beacon Yearly Sales Up 12.2%
Roofing material and building products distributor Beacon (Nasdaq: BECN) reported that 2021 net sales increased 12.2% compared to the prior year despite one fewer business day, an annual record for net sales from continuing operations. Residential roofing product sales increased 11.3%, complementary product sales increased 19.4%, and non-residential roofing product sales increased 8.5% compared to […]
Amidst Gangbusters Job Market, Employers Must Do More to Attract, Retain Talent
To continue reading this article you must be a paid subscriber. Subscribe to MDM Already Subscribed? Click here to log-in | Forgot your password? The post Amidst Gangbusters Job Market, Employers Must Do More to Attract, Retain Talent appeared first on Modern Distribution Management.
Carrier Signs Agreement to Acquire Toshiba's Global VRF and Light Commercial HVAC Business
Carrier Global Corporation signed a binding agreement to acquire Toshiba Corporation’s ownership stake in Toshiba Carrier Corporation (TCC).
Booming Business Outgrows New Building in Less Than a Year
Many office buildings have been fairly empty since the pandemic started two years ago. That’s not the case for the headquarters for Peterman Brothers.
HARDI Distributors Report Revenue Increase in December
HARDI released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 24.5% during December 2021.
ASA winter compensation study now available
The second and final special industry compensation study conducted by the American Supply Association and business intelligence partner Industry Insights is now available.
Registration open for SWPD Leadership Conference
South West Pacific Distributors, a region of ASA, will host its annual SWPD Leadership Conference March 31-April 1 at the Renaissance Esmeralda Resort & Spa in Indian Wells, California.
What Labor Shortage? Technology-Enabled Sales Teams Don’t Miss a Beat
Lately, distributors tend to have less trouble finding leads than the manpower to capture them. For the fourth quarter of 2021, 65% of business economists reported an increase in sales, but 57% reported experiencing labor shortages, according to the National Association for Business Economics January 2022 Business Conditions Survey. Why this imbalance? The Washington Post […]
What Labor Shortage? Tech-Enabled Sales Teams Don’t Miss a Beat
Lately, distributors tend to have less trouble finding leads than the manpower to capture them. For the fourth quarter of 2021, 65% of business economists reported an increase in sales, but 57% reported experiencing labor shortages, according to the National Association for Business Economics January 2022 Business Conditions Survey. Why this imbalance? The Washington Post […]
Modine Coatings Names Ripley PR as Agency of Record
Modine Coatings has selected Ripley PR to support its strategic communications goals, drive brand awareness, and enhance business growth.
Eaton Reports Quarterly, Annual Gains
Power management company Eaton Corporation plc (NYSE: ETN) of Dublin, Ireland, said sales in the fourth quarter of 2021 were $4.8 billion, up 2% from the fourth quarter of 2020. The sales increase consisted of 6% growth in organic sales and 7% growth from acquisitions, which was partially offset by 10% from the divestiture of […]
Arrow 4Q, Yearly Sales Increase
Electronic components distributor Arrow Electronics Inc. (NYSE: ARW) of Centennial, Colorado, reported fourth-quarter 2021 sales of $9.02 billion, an increase of 7% over the $8.45 billion reported for the same period in 2020. Arrow’s 4Q net income was $371 million, or $5.26 per share on a diluted basis, compared with net income of $236 million, […]
Fastenal January Sales Up 20.7%
Fastenal Co. (Nasdaq: FAST) of Winona, Minnesota, reported January net sales of approximately $540.5 million, a 20.7% increase over the same month in 2021. The company’s daily sales were $25.7 million during 21 business days, a nearly 15% jump over January 2021. Fastenal’s January 2022 daily sales growth jumped 14.9% in the U.S., 14.6% in […]
Amazon Yearly Sales Jump 22%
Amazon (NASDAQ: AMZN) reported 2021 fourth-quarter net sales increased 9% to $137.4 billion, compared with $125.6 billion in the same quarter in 2020. Operating income in 2021 4Q decreased to $3.5 billion, compared with $6.9 billion in fourth quarter 2020. Net income increased to $14.3 billion in the fourth quarter, or $27.75 per diluted share, […]
