The Chicago Fed National Activity Index (CFNAI) dipped to -0.13 in September from +0.05 in August. One of the four broad categories of indicators used to construct the index made a negative contribution in September, and one category deteriorated from August. The index’s three-month moving average, CFNAI-MA3, moved down to +0.25 in September from +0.38 […]
Category: Industry Events
How to Verify Heat Pump Heating Btus in Five Steps
There is a way to check the heat pump system charge on the airside that is quick and easy.
Microchip Shortage Delays HVAC Projects, and EPA Issues Refrigerant Allowances
The inventory crunch kept one HVAC contractor waiting 12 weeks for parts, and the HVAC industry will see an HFC production cut of 10% for 2022.
Should You Hire an HVAC Marketing Company?
The right marketing company can become a true business partner that is interested in your company succeeding.
Preventing Unsustainable Growth at Your HVAC Company
There are right ways and wrong ways to grow, and growing the wrong way can put your company in a financial hole.
DPA Announces New Distributors
Cincinnati, Ohio-based DPA Buying Group on Friday announced it has added 14 new distributors and nine suppliers from the U.S. and Canada. Distributors added to DPA’s industrial and contractor supply division include: Contractors Supply of Central Florida, Inc. (Belleview, Florida); Corbitt Safety Surplus (Sylacauga, Alabama); CW Supply and Logistics, LLC (Canal Winchester, Ohio); Darrell Ifft, […]
Is E-Commerce Data More Important than Products?
When you think about big technology mergers and acquisitions, it’s unlikely you’ll think about distributors getting in the mix. Yet earlier this summer, that’s exactly what happened when B&D Industrial acquired GTI Predictive Technology, an internet-of-things company that conducts vibration analysis. The promise of the IoT is that by connecting tools and appliances to the […]
Lawless Acquires Interest in Rolston Hogstrom
Dallas-based vendor and manufacturer rep The Lawless Group announced it has acquired an interest in Rolston Hogstrom Inc., a sales agency headquartered in Chicago. Lawless said executives for both companies have “joined forces” in Illinois, Indiana, Wisconsin, the UP of Michigan, Iowa, Missouri, Kansas and Nebraska, Lawless said. As part of the transaction and overall […]
Home Depot Names New VP
The Home Depot has named John Deaton as its new vice president of supply chain and product development. The change will take effect Nov. 1. Deaton replaces Mark Holifield, who has accepted a role as CEO of U.S.-based last-mile delivery firm LaserShip after 15 years with The Home Depot. Deaton himself has worked for The […]
Amazon Opens Robotics Facility
Amazon (NASDAQ: AMZN) announced Thursday the opening of a new “first-of-its-kind” robotics manufacturing facility in Westborough, Massachusetts, which is expected to expand Amazon Robotics’ manufacturing capability in the U.S. Amazon said the new facility has created 200 new manufacturing jobs. “We care about the communities where we operate. This is why we are proud to […]
Chris Koch Discusses Managing and Retaining Quality HVAC Employees
Koch talked about HVAC contractor best practices for retaining talent.
True Eco Homes Announces New Products Available From Goodman and Direct Comfort
True Eco Homes announced that it is now carrying new air conditioning and heating systems from Goodman and Direct Comfort.
Lennox Industries Helps Install 130 HVAC Units for 2021 Feel The Love Program
Recipients were nominated by their neighbors, friends, and family members.
S & J Equipment and SRS Enterprises Win “Rep of the Year” Awards from Berner International
Berner International also honored two other manufacturer’s representative firms for 2020 sales achievements.
Mechanical Contractors Meet Again for MSCA Annual Convention
The annual convention offered numerous educational and networking opportunities, as well as plenty of time to socialize, golf, or just soak up the sun.
New Member Spotlight — Ranger Distribution
NAED would like to welcome one of its newest Distributors, Ranger Distribution.
Snap-on 3Q Sales Rise 10.2%
Snap-on Inc. (NYSE: SNA), Kenosha, Wisconsin, reported third-quarter net sales of $1.037 billion, a 10.2% increase over the same period in 2020. Net sales also were up 15% over the third quarter of 2019. Net earnings in 3Q 2021 were $196.2 million, or $3.57 per diluted share, compared to third-quarter 2020 net earnings of $179.7 […]
Danaher 3Q Revenue Up 23%
Danaher Corp. (NYSE: DHR), Washington, DC, reported its third-quarter 2021 revenue at $7.2 billion, a 23% increase over the same period last year. The company’s 3Q net earnings were $1.2 billion, or $1.54 per diluted common share, which represents a 33% year-over-year increase from the same period in 2020. For the first nine months of […]
ABB 3Q Sales Up 29%
Switzerland-based power and automation company ABB on Thursday reported third-quarter sales of $7.9 billion, a 29% increase over the same period in 2020 and a 26% increase on a like-for-like basis in local currencies. Revenues for the third quarter of 2021 were $7 billion, a 7% increase, while income from operations was $852 million. Gross […]
Pool Corp. Q3 Sales Rise 24%
Covington, Louisiana-based Pool Corp.earning (Nasdaq/GSM:POOL) on Thursday reported ‘record’ third-quarter results, including strong net sales that reflect an overall 24% growth compared to the same period in 2020. “I am incredibly proud of the POOLCORP team,” said Peter D. Arvan, president and CEO. “Everyone in the field, from our drivers, warehouse associates, customer service representatives, […]
