Facility UK: Ultimate Renewables Supplies has launched a newly developed, purpose-built facility in Bicester as part of its ongoing expansion efforts. The new site represents a significant step forward for the company, featuring a larger warehouse, a fully equipped showroom, and a dedicated technical training workshop. It is designed to support rising nationwide demand for renewable energy solutions, offering installers, merchants, and commercial partners a hands-on environme

Grohe USA: GROHE positions the bathroom as the most personal space in the home, evolving into an emotional and experiential hub. Reflecting this shift, the GROHE 2026 Bathroom Trend Report highlights how bathrooms are moving beyond purely functional spaces, supported by the company’s focus on quality, design, innovation, and sustainability. Modern bathroom luxury is increasingly defined by personalization rather than opulence, with homeowners moving away from neutral designs

Logo USA: SPX Technologies, Inc. announced its financial results for the first quarter ended March 28, 2026. First Quarter Highlights (continuing operations; year-on-year comparison with Q1 2025). The company reported revenue of $566.8 million, reflecting a 17.4% increase, including 7.4% organic growth. GAAP income from continuing operations rose to $64.4 million, up 24.6%, while GAAP earnings per share (EPS) reached $1.27, marking a 15.5% increase. Adjusted EPS stood at $1.6

Trane technologies USA: Trane Technologies plc reported its financial performance for the first quarter of 2026, highlighting steady earnings growth and strong demand across key segments. The company recorded GAAP diluted earnings per share (EPS) from continuing operations of $2.66, while adjusted EPS stood at $2.63, reflecting a 7% increase year-on-year. Revenue reached $5 billion, marking a 6% rise, with organic revenue growth of 3%. Organic bookings increased significantly

Financial chart GERMANY: The euro zone economy recorded modest growth in the first quarter, according to a preliminary estimate released on Thursday, providing the first indication of economic activity following the onset of the Iran conflict. As an energy-importing region, the euro zone is considered particularly exposed among advanced economies to disruptions in oil, gas, and other shipments passing through the Strait of Hormuz, which began in late February. Eurostat report

Flag GERMANY: Germany recorded stronger-than-expected economic growth in the first quarter of 2026, despite energy price shocks linked to the Iran war, though unemployment climbed above 3 million in April. According to preliminary data from the country’s statistics office, gross domestic product (GDP) increased by 0.3% quarter-on-quarter, exceeding analysts’ expectations of 0.2%. Growth was primarily supported by higher household consumption and government spending, alongside

Lixil Japan: All business segments reported year-on-year growth in core earnings, supported by strong renovation demand, despite a decline of over 10% in new housing demand. The LHT segment benefited from increased sales of subsidy-eligible products; however, a sharp rise in aluminum prices in the second half, following a previously low base, negatively impacted fourth-quarter earnings. International and Other Markets: In the LWT international segment, revenue remained largel

AO Smith North America: The company reported sales of $946 million, with net earnings of $118 million and diluted earnings per share (EPS) of $0.85. In the North America segment, sales reached $753.4 million, reflecting a modest 1% increase. Growth was supported by the inclusion of Leonard Valve and pricing improvements, which helped offset weaker volumes in the water heater industry as well as production and shipping disruptions caused by adverse weather conditions. In contr

carrier USA: Carrier Global Corporation reported its financial results for the first quarter of 2026, highlighting strong momentum in key segments. Data center orders surged by more than 500%, with the current backlog fully covering anticipated data center sales for 2026. Overall company orders rose by 11%, driven in part by a 35% increase in the Commercial HVAC segment. "We started the year with better-than-expected sales performance across the portfolio," said Carrier Chair

Logo SOUTH KOREA: Samsung Electronics reported its financial results for the first quarter ended March 31, 2026. The Digital Appliances (DA) business posted only modest earnings improvement during the quarter, impacted by ongoing cost pressures and tariffs. Looking ahead to the second quarter of 2026, the company expects to support revenue growth through the launch of a new premium product lineup and a recovery in air conditioner demand. In the second half of 2026, the busine

HVAC Presence with Mercaluz Acquisition Spain: Grafton Group plc has completed the acquisition of Mercaluz, a Spanish distributor of domestic and commercial air conditioning systems, along with select white goods and home appliances. The deal, finalized on 30 April 2026, includes multiple Mercaluz entities and builds on Grafton’s earlier announcement in March. Mercaluz serves approximately 10,500 SME installer customers, highlighting its strong presence in the regional HVAC d

Commercial Buildings Face Slowing Energy Efficiency UK: The pace of energy efficiency improvements in the UK’s commercial property sector slowed in 2025, according to new research, raising concerns over compliance with Minimum Energy Efficiency Standards (MEES). While higher-rated buildings (EPC A, A+ and B) had grown rapidly in previous years, their growth rate dropped to 20% in 2025, with registrations falling 22% from the 2023 peak. Despite long-term progress—where top-rat