Phoenix-based global technology solutions provider Avnet, Inc. (Nasdaq: AVT) announced last week that its board of directors approved a regular quarterly cash dividend of $0.26 per share. The dividend will be paid on March 16 to shareholders of record as of the close of business on March 2. Avnet last month reported 2022 fiscal second-quarter […]
Category: Business Texting
January Materials Prices Jump 20%
Prices of construction materials rose more than 20% from January 2021 to January 2022, according to an Associated General Contractors of America analysis of government data. “Unfortunately, there has been no letup early this year in the extreme cost runup that contractors endured in 2021,” said Ken Simonson, the association’s chief economist. “They are apparently […]
TriMas Declares Quarterly Dividend
TriMas (NASDAQ: TRS), a Bloomfield Hills, Michigan-based manufacturer of engineered and applied products, declared a quarterly cash dividend of $0.04 per share of TriMas Corporation stock. The quarterly dividend is payable on March 11 to shareholders of record as of the close of business on March 4. TriMas announced the initiation of a dividend as […]
CASPR Group Rebrands As CASPR Technologies
Environmental health technology company CASPR Group announced the rebranding of its company as CASPR Technologies.
Jobber Grants Accepting Applications, To Award $150,000 USD
Jobber announced that Jobber Grants is now accepting applications through May 26, 2022.
Carrier Acquisition, Electrification, Unico and Ecoer Partnership, Best Contractors to Work For
Catch up on the latest headlines in this episode of the ACHR Newsroom.
Experts Expect Inflation to Stick Around
While many economists and others still believe high prices will pass, many now see them lingering longer than first expected.
Project Files: Episode 46 — Mini-Split Makeover for 1960s Body Shop
An old body shop in Newark, New Jersey, was recently renovated into a beautiful 21-apartment building complete with state-of-the-art HVAC mini-split technology.
Reasons Why HVAC Businesses Are Positioned For Market Consolidation
While growth may be the case for a number of HVAC businesses, it’s not necessarily the future of every one. In fact, some of them are best positioned for market consolidation.
4 Ways to Strengthen Sales Analytics
When it comes to sales processes and market planning, distributors are seeing many crosscurrents and riptides across different sectors. Leveraging analytics can improve distributors’ market planning ability and give them opportunities to move actionable data to their front lines. (MDM’s analytics experts Bob Jordan and Donnie Williamson pointed this out during a recent webcast.) With […]
HVACR Leaders Headline ACCA 2022 Conference and Expo
ACCA highlighted its lineup of general session speakers for the ACCA 2022 Conference & Expo, March 28-30, 2022, in St. Louis, MO.
GPC 2021 Sales Top $18B
Genuine Parts Company (NYSE: GPC) reported 2021 year-end sales of $18.9 billion and fourth-quarter sales of $4.8 billion. The year-end figure was 14.1% above 2020 totals, while the fourth-quarter sales figure was a 13% increase over the same quarter a year before. Net income in the fourth quarter from continuing operations was $256 million, or […]
US Foods 4Q Sales Jump 24.5%
Rosemont, Illinois-based distributor US Foods Holding Corp. (NYSE: USFD) reported 2021 fourth quarter sales of $7.6 billion, a 24.5% increase over the same quarter in 2020. US Foods also reported 2021 year-end sales of $29.5 billion, a 28.8% increase over the previous year. For 4Q, gross profit increased 23.2% to $1.2 billion, while net income […]
Fortive to Repurchase Up to 20M Shares
The board of directors for Fortive Corp. (NYSE: FTV) of Everett, Washington, has authorized a share repurchase program that will allow the company to purchase up to 20 million shares of its common stock. Under the program, Fortive can purchase its common stock on a discretionary basis “from time to time on the open market […]
SiteOne 4Q Sales Up 19%
SiteOne Landscape Supply Inc. (NYSE: SITE) of Roswell, Georgia reported 2021 fourth-quarter net sales of more than $805 million, a 19% increase over the same period in 2020. Site One’s organic daily sales for 4Q increased by 21%, while gross profit increased 27% to $282.4 million. Fourth-quarter net income increased to $27.5 million from $11.5 […]
HARDI Releases Comprehensive 2021 State of the Channel Report
HARDI has released its 2021 State of the Channel Report providing a comprehensive look at “Industry Benchmarks” and details on “What’s Next” for the HVACR wholesale channel.
Resideo Acquires Arrow Wire & Cable
Resideo Technologies, Inc. (NYSE: REZI) — a global provider of security solutions and commercial and residential security and audio-visual products — has acquired privately held Arrow Wire & Cable, based in Chino, California. Financial terms were not disclosed. The deal is the second datacom and security acquisition for Resideo’s ADI Global Distribution in the past […]
HARDI Enlists SPARXiQ to Improve Benchmarking, Data Collection
HARDI announced a partnership agreement with SPARXiQ that makes SPARXiQ an endorsed partner for point-of-sale data collection and business analytics.
METUS Welcomes Vice President of Marketing
Mitsubishi Electric Trane HVAC US (METUS) welcomes Jason Rosenthal to the team as vice president of marketing.
Add Air Diagnostics to Your Company in Eight Steps
Unless you know where to start, adding air diagnostics to your HVAC company can seem daunting. Here are eight steps you can take to help add air diagnostics to your service offerings.
