For your information news briefs from a wide variety of categories within the HVAC industry. Price increases, mergers and acquisitions, award winners, and more are highlighted here each week.
Category: Industry Events
HVAC Field-Service Computer Software, Apps Becoming a Staple
Computer software for HVAC contractors has expanded from a business management tool into a versatile asset that can also serve as a technician’s assistant, warehouse clerk, salesperson, and more.
Digital Products Provide Greater Control
All aspects of the world are becoming more digital, and that includes the realm of hydronics. A pair of recent product introductions prove that point.
Air Pros Rise in HVAC Using Win-Win-Win Philosophy
What started as a one-truck, one-technician Florida-based business in 2017 grew organically to a $10 million dollar company by 2019.
White Cup Exec Outlines KPIs to Improve Customer Approach, Grow Margins
The wholesale trade industry experienced an impressive 2021 in the shadow of lingering disruptions caused by supply chain issues and the protracted COVID-19 pandemic. Despite those headaches, the industry pulled in more than $7 trillion dollars in revenues — a 22% increase over the prior year — as 2021 ended an exceptional demand year for […]
MRC Global Chairman to Retire
Pipes, valves and fittings distributor MRC Global Inc. (NYSE: MRC) of Houston announced that current Chairman of the Board Rhys J. Best will retire the annual meeting of the company’s stockholders scheduled May 5. The company’s board of directors has selected Robert L. (Bob) Wood to be its next chairman, “effective and contingent upon his […]
AMETEK Increases Dividend, Announces Changes
Berwyn, Pennsylvania-based manufacturer AMETEK said its board of directors has approved a 10% increase in its quarterly cash dividend on common stock to $0.22 per share from $0.20 per share. The dividend is payable on March 31 to shareholders of record as of March 10. This dividend increase will raise the indicated annual rate to […]
The SEER Group LLC Announces Two Acquisitions
The SEER Group LLC announced its acquisitions of First Call Heating & Cooling located in Oregon City, Oregon, and Gropp Heating, Air, & Electric located in Moscow, Idaho.
Fujitsu General America Selects New Sales Rep in Florida
Fujitsu General America, Inc. has partnered with Target Sales, Inc. as its manufacturer’s representative in Florida.
The New Flat Rate Announces Upgrade to 5.0
The New Flat Rate is implementing upgrades that will improve efficiency for contractors using the system by 80% or more. Two of the major upgrades include the module builder and the optimized publish functionality.
Expanding Overtime Eligibility
Employers should consider conducting a thorough review of the job duties of all salaried employees to determine overtime eligibility.
Insulation Solutions for HVAC Residential Applications
When it comes to insulated forced air duct systems for residential applications, there are two systems that are commonly seen: flexible duct systems and duct board systems. It can be challenging to decide which system is right for a particular application.
Specifications for Plenum Spaces – Understanding ASTM E84 Flame/Smoke Testing
This test is a comparative test that is designed to evaluate the how quickly the tested material ignites and how much smoke is developed (smoke density) while it burns when compared to specific reference materials.
TurnPoint Services Group Invests in Reliable Power Systems
Reliable Power Systems announced a new partnership with TurnPoint Services Group.
Wholesale Trade Has Record Year: $7.1 Trillion in Sales, 22% Above 2020
Wholesale trade experienced more than $7.1 trillion in sales in 2021, a greater than 22% increase over 2020 when the industry recorded just over $5.8 trillion in revenues, the U.S. Census Bureau reported Thursday. It was a record year for the industry, also besting the last pre-pandemic year of 2019, which saw roughly $6.1 trillion […]
Wholesale Trade’s Record Year: Sales Increase 22% to $7.1 Trillion
Wholesale trade experienced more than $7.1 trillion in sales in 2021, a greater than 22% increase over 2020 when the industry recorded just over $5.8 trillion in revenues, the U.S. Census Bureau reported Thursday. It was a record year for the industry, also besting the last pre-pandemic year of 2019, which saw roughly $6.1 trillion […]
BLS: Inflation Reaches 40-Year High
U.S. inflation jumped 7.5% over the past year, the highest rate of increase in four decades, the Bureau of Labor Statistics said. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in January on a seasonally adjusted basis, BLS said Thursday. Increases in the indexes for food, electricity and shelter were the largest […]
JGB Enterprises Adds 2 Execs
Liverpool, New York-based JGB Enterprises, Inc. — a company backed by HCI Equity Partners — has added two new executives. Benjamin Judd joins the company’s senior leadership team as vice president of industrial sales, and Michael Hawn joins as vice president of government services. Judd joins JGB from Eaton Corporation, where he worked as district […]
RBC 3Q Sales Jump 83%
Bearings manufacturer RBC Bearings Inc. (Nasdaq: ROLL) of Oxford, Connecticut, reported 2022 fiscal third-quarter net sales of $267 million, an 83% jump over the same quarter a year ago. RBC reported $145.9 million in the third quarter of fiscal 2021. Net sales for the company’s industrial segment increased 230.4%, while aerospace/defense segment net sales were […]
Pinnacle Climate Technologies Acquires Assets of Pura Air
Pinnacle Climate Technologies announced the acquisition of the assets of Pura Air Purification, Inc., a manufacturer of IAQ solutions.
