Trane Technologies’ Commercial and Residential HVAC businesses announced a price increase of up to 12% on select HVAC equipment.
Category: Business Texting
Motion Names New VP
Birmingham, Alabama-based Motion Industries, Inc. has promoted John Watwood to vice president of operations integration. The move is effective immediately. Watwood moves to this position from vice president/group executive for the Southeast, to which he was promoted in 2019. In his new and expanded role, he will be responsible for Motion’s distribution and fulfillment network, […]
ABC Supply Adds Texas Location
Building materials distributor ABC Supply Co. Inc., Beloit, Wisconsin, has opened a new location in Baytown, Texas. The new location is at 101 N. Robert C Lanier Drive and is managed by Ali Charara. Charara joined ABC Supply in 2019 and was promoted to branch manager this year. The location’s hours are 7 a.m. to […]
Lowe’s 3Q Sales and Earnings Up
Lowe’s Companies, Inc. (NYSE: LOW), Mooresville, North Carolina, reported 2021 third-quarter net earnings of $1.9 billion and diluted earnings per share (EPS) of $2.73, compared to net earnings of $692 million and diluted EPS of $0.91 in the third quarter of 2020. Excluding charges in the prior-year period related to the extinguishment of debt, 3Q […]
Home Depot 3Q Sales Increase
The Home Depot Inc. (NYSE: HD), Atlanta, Georgia, reported 2021 third-quarter sales of $36.8 billion, an increase of $3.3 billion, or 9.8% from the same period last year. Comparable sales for the third quarter of fiscal 2021 increased 6.1%, and comparable sales in the U.S. increased 5.5%. Net earnings were $4.1 billion, or $3.92 per […]
Amazon Smart Thermostat Achieves UL ECOLOGO Certification
UL announced that Amazon Smart Thermostat is Amazon’s first device to receive an ECOLOGO® Silver Certification from UL.
New Residential Construction Rises
Privately‐owned housing units authorized by building permits in October 2021 were 4% above the prior month’s rate and 3.4% above the October 2020 rate. Privately‐owned housing units authorized by building permits in October 2021 were at a seasonally adjusted annual rate of 1,650,000, 4% above the revised September rate of 1,586,000 and 3.4% above the […]
HVAC Contractors Hires Good People, Turns Them into Technicians
Almost every HVAC contractor in the nation says hiring good technicians is the top priority. Not Robbins Heating and Air Conditioning: they don’t hire techs, they hire good people.
CoolSys Acquires Triangle Refrigeration
CoolSys announced it has acquired Triangle Refrigeration. With this acquisition, CoolSys expands its market presence throughout the Northeast and Mid-Atlantic regions.
HFC Phasedown Rule Creates Cylinder-Shaped Concerns
The DOE’s plans regarding refrigerant cylinders have HARDI voicing concerns on behalf of distributors.
New Ways of Thinking About P2P Automation
As the distribution industry continues to wrestle with supply chain headaches, companies that embrace new ways of thinking about P2P automation can improve efficiency and grow their bottom line, said Cindy Dobson, P2P sales leader for Esker. “No matter which end of the spectrum that your business is on, supply chain leaders are forced to […]
Harris Products Group Donates Welding Kits to Upgrade Kansas High School Lab
Doniphan West High School has a newly updated welding lab with more than $175,000 of new equipment and renovations, including several new welding kits from Harris Products Group.
Industrial Production Rises in October
Industrial production rose 1.6% in October after falling 1.3% in September, as about half of the gain in October reflected a recovery from the effects of Hurricane Ida, according to the U.S. Federal Reserve. Manufacturing output increased 1.2% in October. Excluding a large gain in the production of motor vehicles and parts, factory output moved […]
Trade Sales and Manufacturers Shipments Up
The combined value of distributive trade sales and manufacturers’ shipments for September — adjusted for seasonal and trading day differences but not for price changes — was estimated at $1,669.7 billion, up 0.9% from August 2021 and was up 15.5% from September 2020, according to the U.S. Census Bureau. Manufacturers’ and trade inventories for September, […]
AHRI Presents Awards Acknowledging Outstanding Industry Contributions
The AHRI recognized several HVACR industry leaders and their contributions to the field during its Virtual Leadership Forum.
Retail and Foodservice Sales Rise
Advance estimates of U.S. retail and food services sales for October 2021 — adjusted for seasonal variation and holiday and trading-day differences but not for price changes — were $638.2 billion, an increase of 1.7% over the previous month and 16.3% above October 2020, according to a report from the U.S. Census Bureau. Total sales […]
Tompkins Solutions Adds VP
Raleigh, North Carolina-based supply chain consulting and services firm Tompkins Solutions has named Roy Smith vice president of sales of its material handling integration division. Smith will be responsible for driving sales revenue and growth by building and maintaining customer relationships and delivering “best-in-breed material handling integration solutions,” the company said. “We are excited to […]
Sonepar Unveils New Logo
Electrical and industrial distributor Sonepar has rebranded itself by unveiling a new logo. The company announced the change Tuesday. It is the first time in two decades that Sonepar has rebranded. “Sonepar is proud to launch a new brand identity to support the Group’s ambition to remain the world leader in B-to-B electrical products, systems, […]
Energy-Efficiency Trends in Water Heating Highlight Heat Pump Technology
Efficiency and sustainability have become the center of attention for almost every industry today, including the water heating space.
Emerson Launches First HVACR Educator Resources Platform
Emerson announced the launch of its first HVACR Educator Resource platform designed to enhance learning for the next generation of HVACR professionals.
