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Latest News from BRG and the Global Building Products Industry
Stay informed regarding BRG's latest publications and industry news covering the markets for HVAC equipment, components & controls, bathroom & kitchen products, plumbing, pipes, valves & fittings and thermal insulation.


Zehnder Revenue Jumps in 2025; Steady Recovery Expected in 2026
Zehnder Revenue Jumps in 2025; Steady Recovery Expected in 2026 SWITZERLAND: Zehnder Group reported strong growth in its ventilation segment in 2025, with total sales rising 18% (organically +15%) to US$542 million (EUR 501.7 million). The acquisition of Spain-based Siber contributed around 5% to growth, while second-half organic sales increased 14%. The segment accounted for 66% of total group sales, up from 60% a year earlier. Sales revenue in the EMEA region climbed 23% to
brg_news_room
Feb 251 min read


RAK Ceramics Reports Higher Margins and Profit Growth in Q4 & FY 2025
RAK Ceramics Reports Higher Margins and Profit Growth in Q4 & FY 2025 UAE: RAK Ceramics delivered strong margin expansion and bottom-line growth in Q4 and FY 2025 despite market headwinds, supported by robust UAE real estate and construction activity and higher-margin project and premium product segments. Q4 2025 revenue declined 1.7% YoY to USD 233.2 million, while FY 2025 revenue rose 1.6% YoY to USD 893.1 million; gross profit margins improved to 39.1% in Q4 (vs 37.2%) and
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Feb 161 min read


NIBE Report Stable Sales and Strong Profit Growth in Q4 & Full-Year 2025
NIBE Reports Stable Sales and Strong Profit Growth in Q4 & Full-Year 2025 Sweden: NIBE Industrier AB’s 2025 year-end report shows that net sales in Q4 2025 reached USD 975 million, flat year-on-year but up 6.8% at fixed exchange rates, while full-year net sales totalled USD 3.62 billion, up 0.8% (5.3% at fixed exchange rates). The company delivered higher profitability, with adjusted operating profit in Q4 rising to USD 127 million and an operating margin of 13.1%, compared t
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Feb 161 min read


Fabtech Technologies Cleanrooms Approves Advantek Acquisition, USD 0.79 Million Preferential Issue, and Reports Strong Order Book
Fabtech Technologies Cleanrooms Approves Advantek Acquisition, USD 0.79 Million Preferential Issue, and Reports Strong Order Book India: Fabtech Technologies Cleanrooms Limited approved the acquisition of 38,673 additional equity shares in Advantek Air Systems Private Limited for USD 0.30 million, to be completed by March 15, 2026, strengthening its air-conditioning portfolio; Advantek reported FY 2024-25 turnover of USD 3.08 million, up from USD 2.64 million and USD 2.62 mil
brg_news_room
Feb 161 min read


LG Electronics India Q3 FY26 Revenue and Profit Decline Amid Margin Contraction
LG Electronics India Q3 FY26 Revenue and Profit Decline Amid Margin Contraction INDIA: LG Electronics India reported a weaker financial performance in Q3 FY26, reflecting a slowdown in both revenue and profitability amid subdued demand conditions in the domestic consumer durables market. Revenue declined 6.4% year-on-year to ₹4,114 crore (USD 496 million). The home appliances segment was particularly impacted, with revenue easing to ₹2,788 crore (USD 336 million) from ₹3,091
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Feb 151 min read


Crompton Greaves Consumer Electricals Ltd. Reports Q3 FY26 Results
Crompton Greaves Consumer Electricals Ltd. Reports Q3 FY26 Results INDIA: Crompton Greaves Consumer Electricals Ltd. reported stable financial performance in Q3 FY26. Consolidated revenue increased 7.3% year-on-year to approximately USD 2.29 billion (₹1,898 crore), with continued sequential improvement in revenues and margins. EBITDA rose to around USD 235 million (₹195 crore), with margins at 10.3%, supported by controlled advertising spends and cost optimisation, despite co
brg_news_room
Feb 151 min read


Carrier Shares 2025 Performance and 2026 Forecast
Carrier Shares 2025 Performance and 2026 Forecast USA: Carrier reported weaker fourth-quarter 2025 results, with sales down 6% and organic sales down 9%, reflecting soft residential demand and distributor destocking in the Americas. Full-year 2025 sales reached US$ 21.75 billion, down 3% year on year, though global commercial HVAC and aftermarket businesses achieved double-digit growth. Profitability was supported by productivity gains and a stronger mix in some regions. The
brg_news_room
Feb 61 min read


Japan Daikin Reports Financial Results of Q3 2025
Daikin Japan: Daikin Industries, Ltd, reported consolidated financial results for the nine months ended December 31, 2025. Net sales increased by 2.0% to US$23.3 billion, while operating profit decreased 3.4% to US$1.9 billion compared with the prior year period. Ordinary profit rose 4.5% to US$1.94 billion, and profit attributable to owners of the parent increased 4.6% to US$1.2 billion. Total assets and net assets also grew to US$36.1 billion and US$20.5 billion, respective
brg_news_room
Feb 41 min read


Kajaria Ceramics Reports Q3 FY26 Results With Flat Revenue and Strong Margin Gains
Kajaria Ceramics Reports Q3 FY26 Results With Flat Revenue and Strong Margin Gains India: Kajaria Ceramics reported flat consolidated revenue of USD 127.4 million for Q3 FY26 compared with the year-ago quarter, with tile volumes showing no growth and no contribution from discontinued plywood sales. The company delivered an improved EBITDA margin of 17.20% (up 442 bps YoY) and profit before tax of USD 18.0 million, while net profit rose to USD 9.6 million in the quarter. Seque
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Feb 41 min read


Enpal Reports Growth in Customer Base and Revenue in 2025
Enpal Reports Growth in Customer Base and Revenue in 2025 Germany: Enpal reported an expansion of its customer base in 2025, serving more than 115,000 households across Germany and Italy. Revenue in the operating subgroup increased by 25 percent year on year to more than EUR 1.1 billion (USD 1.2 billion), compared with EUR 890 million (USD 1.05 billion) in the previous year. The company also recorded a positive free cash flow in the operating subgroup for the first time. Grow
brg_news_room
Feb 31 min read


Trane Technologies reports fourth-quarter and full-year 2025 financial results
Trane Technologies reports fourth-quarter and full-year 2025 financial results Ireland: Trane Technologies reported its financial results for the fourth quarter of 2025, showing year-on-year increases across several indicators. Organic bookings increased by twenty two percent compared with the fourth quarter of 2024, driven primarily by the Americas Commercial HVAC segment, which recorded growth of more than thirty five percent. The company reported a record backlog of USD 7.
brg_news_room
Feb 21 min read


A. O. Smith reports 2025 earnings and outlines 2026 outlook
A. O. Smith reports 2025 earnings and outlines 2026 outlook USA: A. O. Smith reported diluted earnings per share of USD 3.85 for 2025 and announced its financial guidance for 2026. Total sales for 2025 were USD 3.0 billion, reflecting a slight increase compared with 2024. Pricing related to water heaters, along with higher volumes in boilers and commercial water heaters, was largely offset by lower volumes in wholesale residential water heaters. Segment earnings in 2025 amoun
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Feb 21 min read


Blue Star reports Q3FY26 revenue and operating profit figures
Blue Star reports Q3FY26 revenue and operating profit figures India: Blue Star reported its consolidated financial results for the third quarter of the financial year 2026, ended 31 December 2025. During the quarter, revenue growth was partly supported by the room air conditioner segment, as channel partners increased inventory ahead of the mandatory energy labelling transition scheduled to take effect from 1 January 2026. Revenue from operations for the quarter increased by
brg_news_room
Feb 21 min read


Fujitsu reports third-quarter FY2025 financial results
Fujitsu reports third-quarter FY2025 financial results Japan: Fujitsu Ltd. announced its third-quarter financial results for the fiscal year 2025 on 29 January 2026. The company reported profits across all of its business segments for the period. Following the announcement, Fujitsu’s shares rose by 0.79 percent. The company stated that its recent business focus has included the expansion of digital transformation and system modernisation services, with a significant share of
brg_news_room
Feb 21 min read


IKEA Plans USD 2.2 Billion Investment Boost in India, Targets 30 Stores and Higher Online Sales
IKEA Plans USD 2.2 Billion Investment Boost in India, Targets 30 Stores and Higher Online Sales India: Sweden’s IKEA will more than double its investment in India to over USD 2.20 billion over the next five years as it plans to open more stores and expand local sourcing, according to IKEA India CEO Patrik Antoni. The furniture retailer, which entered India in 2018 with its first store in Hyderabad, will begin online operations in new cities including Chennai and Coimbatore be
brg_news_room
Jan 211 min read


LG Electronics Posts Second Consecutive Year of Record Revenue in 2025
LG Electronics Posts Second Consecutive Year of Record Revenue in 2025 South Korea: South Korean tech giant LG Electronics announced preliminary full-year 2025 results, recording consolidated revenue of USD 61.6 billion and operating profit of USD 1.7 billion, marking its second consecutive year of record sales. “Qualitative growth” businesses including B2B, webOS, product-based services and direct-to-consumer models now contribute nearly half of total revenue, while home app
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Jan 121 min read


Samsung Electronics Releases Fourth-Quarter 2025 Earnings Guidance
Samsung Electronics Releases Fourth-Quarter 2025 Earnings Guidance SOUTH KOREA: Samsung Electronics announced earnings guidance for the fourth-quarter of 2025, projecting consolidated sales of approximately USD 69.9 billion and operating profit of about USD 15.0 billion, based on K-IFRS. The estimates reflect the median of expected ranges due to Korean disclosure rules. For comparison, Q3 2025 sales stood at USD 64.7 billion with operating profit of USD 9.1 billion, while Q4
brg_news_room
Jan 111 min read


Maxeda DIY Plans Divestment of 10 Benelux Stores
Maxeda DIY Plans Divestment of 10 Benelux Stores Netherlands/Belgium/Luxembourg: Maxeda DIY, owner of Brico and Praxis chains, is preparing to divest 10 company-operated stores across the Benelux region to strengthen its balance sheet. The portfolio would include 4 stores in the Netherlands, 4 in Belgium, and 2 in Luxembourg, while Maxeda would retain about 180 Dutch locations. The group plans to transfer the stores to franchise operators to reduce its debt, with expected pro
brg_news_room
Dec 12, 20251 min read


Lowe's Reports Strong Q3 2025 Earnings Amid Strategic Acquisitions
Lowe's Reports Strong Q3 2025 Earnings Amid Strategic Acquisitions U.S.: Lowe's Companies, Inc. reports net earnings of USD 1.6 billion and diluted EPS of USD 2.88 for the quarter ended Oct. 31, 2025, compared to USD 2.99 EPS in Q3 2024. Total sales reached USD 20.8 billion, up from USD 20.2 billion a year ago, with comparable sales increasing 0.4%, driven by 11.4% online sales growth, double-digit growth in home services, and continued growth in Pro sales. The company reco
brg_news_room
Dec 3, 20251 min read


Norcros plc Reports Strong First‑Half Performance in UK & Ireland
Norcros plc Reports Strong First‑Half Performance in UK & Ireland UK/Ireland: Norcros plc, the leading branded bathroom products business in the UK and Ireland, reported a 1.3% increase in revenue to £184.3 m (USD 240.7 million) and a 7.4% rise in underlying operating profit to £21.9 m (USD 28.6 million) for the first half of 2025. Strategic initiatives including the acquisition of Fibo Holding AS in Norway and the closure of Johnson Tiles SA have positioned the company for f
brg_news_room
Nov 24, 20251 min read
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