The U.S. economy created 467,000 jobs in January, according to new Bureau of Labor Statistics estimates, beating economists’ expectations. Employers added 647,000 jobs in November, topping the 249,000 the Labor Department had estimated; employers also added 510,000 jobs in December, ahead of the 199,000 initially forecast. This means heading into 2022, more than 700,000 jobs […]
Category: HVAC
Cambridge Air Solutions Holds Reception on Las Vegas Rooftop
On the first night of the AHR Expo on January 31, Cambridge Air Solutions held their customer and representative appreciation cocktail reception at Margaritaville.
AD Member Sales Rise 30%
Independent distributor organization AD reported 2021 member sales were $58.5 billion, a 30% increase from 2020, with purchases by member companies from AD supplier partners up 39% to $16.6 billion. AD also achieved a 49% increase in net distributions to its members, surpassing the $1 billion milestone for the first time in the group’s four-decade-long […]
Grainger ’21 Sales Reach $13B
Chicago-based industrial distributor Grainger (NYSE: GWW) reported 2021 fourth-quarter sales of $3.4 billion, a 14.2% jump over the same period a year before. For the full year, Grainger reported sales of $13 billion, up 12.4% on an organic, daily, constant currency basis compared to the prior year. Customer demand continued to be very strong to […]
AMETEK 4Q Sales Top $1.5B
Berwyn, Pennsylvania-based manufacturer AMETEK reported 2021 fourth-quarter sales of $1.5 billion, a 25% increase compared to same period a year before. Operating income in 2021 4Q was a record $361.2 million, up 21% versus last year’s fourth quarter, and operating margins were 24% in the quarter. “AMETEK completed an outstanding year with record results in […]
Manufacturing PMI Drops 1.2 Points
Economic activity in the manufacturing sector grew in January — with the overall economy achieving a 20th consecutive month of growth — and the January Manufacturing PMI registered 57.6%, a decrease of 1.2 percentage points from the seasonally adjusted December reading of 58.8%, according to supply executives in the latest Manufacturing ISM Report on Business. […]
Graybar Names New VP for Comm/Data, CIG Sales
Richard S. King has been named Graybar’s vice president for comm/data and Commercial, Institutional and Government sales, the company announced. King assumed his new role Feb. 1. He recently worked as director of comm/data sales for Graybar’s New York and Boston districts, a position he held for 15 years. King joined Graybar in 1992 and […]
Distributor Finance 2.0: The Hottest Feature of B2B Marketplaces
Applico, the digital platform consultancy, continues to see record fundraising numbers for B2B marketplaces due to its high growth metrics — with $1 billion in VC investment raised in 2021 for just the Top 3 B2B marketplaces. Applico’s ranking of the top 50 B2B marketplaces received a great deal of interest in 2021, and our […]
Danfoss Compressor Named Product of the Year
The Danfoss Turbocor VTCA400 compressor received the prestigious Product of the Year award at the 2022 AHR Expo. The panel of third-party ASHRAE member judges selected the winning product from this year’s ten AHR Expo Innovation Award winners.
Jon-Don Acquires USA-CLEAN
JanSan distributor Jon-Don, Roselle, Illinois, has acquired USA-CLEAN. Jon-Don, a leading supplier of commercial supplies, equipment, consumables, and “know-how” to specialty contractors, did not disclose the deal’s financial details. USA-CLEAN, based in Illinois, supplies repair parts for professional floor care equipment, including auto scrubbers, portable extractors, vacuums, and more. The company employs 50 people along […]
Essity Acquires Legacy Converting
Philadelphia-based hygiene and health company Essity has acquired wiping and cleaning company Legacy Converting, Inc. Financial details were not announced. Legacy, based in New Jersey, manufactures sanitizing and disinfecting wet-wipes, chemical-ready wipes and dry wipes, which will expand Essity’s Tork professional hygiene portfolio. With an expanded professional hygiene offering — and a more profound surface […]
Trimble App Introduces Mixed Reality for Construction Layout
Trimble announced a mixed-reality solution for construction layout with the introduction of the FieldLink MR app.
Building connections to build the future
As we emerge from this seemingly never-ending pandemic, I realize how much I value connecting with my industry friends.
Bill Condron: Building connections to build the future
As we emerge from this seemingly never-ending pandemic, I realize how much I value connecting with my industry friends.
Pricing, Sales, Profitability Top Priorities for Data Analytics
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“Fastest Hands in HVAC” Announced at AHR
Hilmor hosted their annual “Fastest Hands in HVAC” contest, where participants were timed on their ability to complete several HVAC repairs and installations.
EPA Adds R-1233zd(E) To SNAP Program
The EPA recently announced that it had listed low-GWP refrigerant, R-1233zd(E), as an acceptable substitute refrigerant in its Significant New Alternatives Policy (SNAP) program.
Can You Compete With Amazon For Workers?
What makes your company special? What can you offer that Amazon doesn’t? By having clear answers to these questions, you’ll be in a better position to compete for the available workers in your area.
Winter Olympics Will Have Eco-Friendly Ice Rinks
According to China’s State Council Information Office, the country is committed to hosting a green Olympic and Paralympic Winter Games. As such, Beijing 2022 has stayed eco-friendly in ice-making.
R-466A May Pose Compatibility Issue In A/C Units
Refrigerants used in vapor-compression air conditioners and heat pumps have been the subject of environmental regulations, requiring the need to develop alternative solutions with lower GWP.
