Lowe’s Companies, Inc. (NYSE: LOW) of Mooresville, North Carolina, reported 2021 fourth-quarter total sales of $21.3 billion, roughly $1 billion more than 4Q of 2020. The company also reported 4Q net earnings of $1.2 billion and diluted earnings per share of $1.78 for the quarter ended January 28, 2022, compared to net earnings of $978 […]
Category: Business Texting
Relevant to Acquire Rawson/ICD
Houston-based distributor Relevant Industrial, LLC says it has reached an agreement to acquire product-solutions company Rawson/ICD, Inc. Financial details were not disclosed. Relevant provides value-added distribution and service for instrumentation and automation, rotating equipment, valve, purification, and thermal equipment solutions. As part of the transaction, Rawson/ICD’s commercial building automation team will be acquired by Building […]
American Equipment Acquires Kistler Crane & Hoist
Salt Lake City-based American Equipment Holdings has acquired Kistler Crane & Hoist, a Midwest provider of overhead crane systems and MRO field services. The agreement is the sixth acquisition completed by American Equipment since partnering with Rotunda Capital Partners in May 2021. Financial details were not disclosed. The acquisition is expected to expand American Equipment’s […]
Contractors Maximize Labor, Truck Space with Universal Ignitors
With the shortage of trained HVAC technicians, universal HVAC parts are part of the solution, according to some contractors. These universal parts include hot surface ignitors, which offer the added benefit of taking up minimal truck inventory space.
Malco Wins Twin Cities Business Manufacturing Excellence Award
Malco Products, SBC, was recently awarded a 2022 Manufacturing Excellence Award for New Approaches from Twin Cities Business magazine.
The Importance of Thermostat Recycling
In the latest episode of The NEWSMakers podcast, Kyle Gargaro, editorial director for The ACHR NEWS, talks to Danielle Myers from the Thermostat Recycling Corporation (TRC).
How Pricing and Inventory Are Shaping 2022
“Inventory, inventory, inventory.” When I asked epaCube Vice President John Gunderson in our latest podcast what he’s hearing on how 2022 is shaping up, he didn’t hesitate with that answer. “I think the inventory issues are going to straighten out a little bit this year,” he said. “A lot of our partners and clients were […]
New Member Spotlight — Oracle NetSuite
For more than 20 years, Oracle NetSuite has helped organizations grow, scale, and adapt to change. NetSuite provides an integrated system that includes financials/Enterprise Resource Planning (ERP), inventory management, HR, professional services automation, and omnichannel commerce, used by more than 28,000 customers in 215 countries and dependent territories.
Rinnai and Advantage Alliance Announce National U.S. Partnership
Rinnai America Corporation recently announced a nationwide partnership with Advantage Alliance.
Home Depot: 4Q Sales Up 10.7%
The Home Depot Inc. (NYSE: HD), based in Atlanta, Georgia, reported 2021 fourth-quarter sales of $35.7 billion, an increase of 10.7% over the same period in 2020. Net earnings for 4Q were $3.4 billion, or $3.21 per diluted share, compared with net earnings of $2.9 billion, or $2.65 per diluted share, in the same period […]
Builders FirstSource OKs $1B Stock Buyback Plan
The board of directors for Dallas-based building materials distributor Builders FirstSource, Inc. (NYSE: BLDR) has authorized the company to repurchase $1 billion of its common shares. The announcement follows the company’s completion of a $2 billion stock buyback program that started last year. Under the completed share repurchase programs authorized in August and November of […]
After 4Q Report, Pentair Announces Dividend
London-based Pentair plc (NYSE: PNR) announced it will pay a regular quarterly cash dividend of $0.21 per share on May 6 to shareholders of record at the close of business on April 22. This year will mark the 46th consecutive year Pentair has increased its dividend, the company said. Earlier this month, Pentair announced its […]
Masonite Annual Sales Reach $2.6B
Tampa Bay-based Masonite International Corporation (NYSE: DOOR), a manufacturer and distributor of interior and exterior doors, reported full-year 2021 net sales of approximately $2.6 billion, a 15% increase over 2020. The company also reported 2021 fourth-quarter sales of $636 million, a 2.8% increase over the same period the year before. For all of 2021, net […]
Mestek Announces New Senior Sales Engineer
Mestek announced that Jeff Pitcairn has joined their Boiler Products Group as a senior sales engineer.
OpenBlue Provides Digital Solution for Indoor Air Quality Concerns
Johnson Controls announced the launch of OpenBlue Indoor Air Quality as a Service, an “as-a-service” IAQ solution for buildings, delivering energy-efficient, turnkey clean air outcomes with an innovative financing model.
M&M Carnot Acquires Logix
M&M Carnot, a Source Capital LLC platform company, announced the acquisition of Logix.
Manufacturers Report Record Revenues, but Supply Chain Hits Profits
A combination of continued consumer spending and increased interest in IAQ drove sales throughout the year. Higher costs driven by supply chain issues ate into the profits for most companies, however.
Partnership Skills for Industrial Buyers and Sellers
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AAON Announces Fourth Quarter 2021 Conference Call and Webcast
AAON, Inc. announced that it has scheduled its quarterly conference call and webcast for Monday, February 28, 2022 to discuss fourth quarter 2021 financial results.
Barnes Group 4Q Sales Rise 8%
Barnes Group Inc. (NYSE: B) — a Bristol, Connecticut-based international industrial and aerospace manufacturer and service provider — reported 2021 fourth-quarter sales of $311 million, up 8% from the same period a year before. For 4Q, Barnes also reported an adjusted EPS of $0.55, up 53% versus the prior-year period. Operating income was $35.4 million […]
