Friedrich product experts will address innovations in FreshAire™ IAQ. Learn how FreshAire™ IAQ solutions help improve indoor conditions that will help you provide safer environments for your students, guests, or family members.
Category: Industry Events
January 2022 M&A Roundup: One Billion-Dollar Deal Finalized as Another Takes Off
January was a relatively light month for mergers and acquisitions in the distribution industry, but two billion-dollar deals stood out among the month’s highlights. Owens & Minor Inc. — a product manufacturing, distribution support and innovative technology services company — agreed to acquire integrated home health care equipment provider Apria for $37.50 in cash per […]
Schools Look to Spend Money on HVAC Upgrades
The pandemic increased awareness of the poor state of HVAC systems in many schools. Now, money for school IAQ projects is becoming available from a variety of sources.
Improving Indoor Air Quality: Protecting the Air We Breathe
IAQ has become a very important topic as the COVID-19 global pandemic has continued to evolve.
Tractor Supply Yearly and 4Q Sales Up
Brentwood, Tennessee-based Tractor Supply Company (NASDAQ: TSCO) reported that 2021 fourth-quarter net sales increased 15.3% over the same period in 2020, while fiscal-year net sales jumped nearly 20%. Net sales for the fourth quarter 2021 increased to $3.32 billion from $2.88 billion in the fourth quarter of 2020. Fourth-quarter diluted earnings per share was $1.93, […]
Caterpillar Annual Sales Rise 22%
Caterpillar Inc. (NYSE: CAT) said its 2021 fourth-quarter sales increased 23% over the same period a year before, and full-year sales increased 22% over 2020. Sales and revenues for the fourth quarter of 2021 were $13.8 billion, compared with $11.2 billion in the fourth quarter of 2020. Fourth-quarter 2021 profit per share was $3.91, compared […]
ABC: Decline in Structure Investments Continues
An Associated Builders and Contractors analysis of data released by the Bureau of Economic Analysis shows investment in nonresidential structures decreased at an annual rate of 11.4% in the fourth quarter of 2021 has now contracted in eight of the past nine quarters. The continued slowdown juxtaposed BEA’s announcement stating the U.S. economy grew at […]
U.S. CAD Launches Construction Cosmos
U.S. CAD announced it launched a new online resource, Construction Cosmos, aimed at helping construction organizations leverage technology to address various issues.
Rinnai America Corporation Appoints New Executive Leadership Structure
To support strategic growth plans Rinnai America Corporation has set forth, Rinnai announced the elevation of three leaders in the organization.
OSHA Drops Vaccinate-or-Test Mandate
The federal emergency vaccinate-or-test mandate that applied to companies with 100 or more workers was dropped with little fanfare on January 25.
Trane Technologies Awards $1 Million Gift to Project Scientist
Project Scientist will receive a grant of $1 million from Trane Technologies, which includes funding for a new mentorship program and international expansion to Mexico.
Project Files: Episode 45 — New Jersey Cold Storage Warehouse Overhaul
Lineage Logistics recently funded renovations to the refrigeration system at a New Jersey facility, including replacement of an evaporative condenser.
RHEEM Announces Retirement of John Fitzgerald, Promotion of Chee Wee Gan
Rheem announced the retirement of John Fitzgerald from his role as executive vice president of operations.
NAW Summit: Distribution Execs Get In-Person Glance at 2022 and Beyond
In the frigid Nation’s Capital, the National Association of Wholesale-Distributors made a triumphant return to an in-person conference this week during its 2022 Executive Summit. The now-unusual nature of a live, in-person gathering was evident, especially based on the commentary of attendees and presenters. Yet attendees, sponsors, headliners and support staff excitedly leapt back to […]
McCall's Supply President and CEO Passes
Dairen G. Jacobs, president and CEO of McCall’s Supply, Inc., passed away Friday, January 14, 2022.
Rockwell Fiscal 1Q Sales Increase
Industrial automation and digital transformation company Rockwell Automation reported fiscal 2022 first-quarter sales of $1.857 billion, an 18.7% increase over the same quarter in 2021. Orders were up more than 40% to a quarterly record of $2.5 billion, while acquisitions contributed 2.6% to reported sales growth. “All three business segments delivered double-digit sales growth and […]
Applied Industrial Fiscal 2Q Sales Rise
Applied Industrial Technologies (NYSE: AIT) of Cleveland, Ohio, reported fiscal 2022 second-quarter sales of $876.9 million, a 16.7% increase over same period a year prior. Applied also reported a 2Q net income of $57 Million, or $1.46 Per Share, and EBITDA of $92.6 Million. The company’s quarterly dividend also increased to $0.34 per share. “We […]
GDP Sees Year-End Uptick
The Bureau of Economic Analysis reported that real gross domestic product increased at an annual rate of 6.9% in the fourth quarter of 2021, following an increase of 2.3% in the third quarter. The fourth-quarter acceleration was led by an upturn in exports, as well as accelerations in inventory investment and consumer spending, the BEA […]
ITG Electronics: Dataline Filters
Part of ITG Electronics’ F2779Y002L series, the new additions reliably filter both common and differential mode noise for low-current datalines.
NAVAC: Power Tube Expander
The NTE11L BreakFree Power Tube Expander offers effortless, efficient, and precision expansion for tubes in the 3/8-inch to 11/8-inch range.
