Tecumseh and Invotech Sign Global Partnership Agreement USA: Tecumseh and Invotech have signed a Strategic Global Partnership Agreement aimed at expanding cooperation in the HVAC&R industry. The agreement focuses on accelerating innovation, improving supply chain flexibility, and supporting customers across global markets. The partnership was formalised in the presence of Jay Pittas, Chairman of Tecumseh, Ricardo Maciel, CEO of Tecumseh, and Jo Chen, Chairman and CEO of Invot

TerraVest Reports Fiscal 2026 Second Quarter Results USA: TerraVest Industries reported increased sales and adjusted EBITDA for the second quarter of fiscal 2026, while net income declined compared with the previous year. Sales for the quarter ended 31 March 2026 rose to CAD 442.6 million (approximately USD 319.0 million), compared with CAD 311.5 million (approximately USD 224.7 million) in the same period of fiscal 2025. Adjusted EBITDA increased to CAD 75.5 million (approxi

SRS Distribution Completes Acquisition of HVAC Distributor Mingledorff’s USA: SRS Distribution Inc., a subsidiary of The Home Depot, has completed the acquisition of Mingledorff's LLC, a major HVAC distributor operating 42 locations across five southeastern US states. The acquisition adds HVAC distribution as a new business vertical for SRS and strengthens The Home Depot’s professional contractor strategy. The deal enhances access to HVAC equipment, parts and supplies for res

Housing At a pivotal stage in the legislative calendar, American Supply Association engaged with Capitol Hill lawmakers on key industry priorities while closely monitoring policy developments. A major highlight was the advancement of the long-anticipated Farm Bill by the House Agriculture Committee, which includes provisions from the Healthy H2O Act, a measure strongly supported by ASA. The legislation enables rural households, particularly those dependent on well water, to c

Residential ServiceTitan has released its 2026 Residential State of the Trades Report, based on a survey of 1,000 residential contractors. The findings indicate that 74% of contractors see AI as a key driver of efficiency, reflecting a clear shift toward more technology-enabled operations. However, only around 25% are currently using AI, revealing a notable gap between interest and actual adoption. Among early adopters, the benefits are already evident, with 48% reporting imp

Manufacturing Amid a growing wave of state-level environmental regulations, the chemical composition of equipment is emerging as a key focus within the U.S. regulatory landscape. Efforts to control per- and polyfluoroalkyl substances (PFAS) have expanded beyond municipal water treatment concerns to become a direct supply chain requirement. States are increasingly advancing comprehensive policies targeting intentionally added PFAS in manufactured products. New Mexico’s propose

HVAC Significant changes may be on the horizon for tax incentives that support HVAC and sheet metal work, following the introduction of the American Energy Dominance Act (H.R. 8477). Proposed by Congressman Brian Fitzpatrick (R-PA) and supported by key stakeholders in the construction and labor sectors, the legislation aims to provide long-term stability for federal tax credits tied to energy efficiency projects across the United States. Currently, two of the most critical in

Home energy Federal funding aimed at promoting residential energy efficiency, including heat pump installations, is expected to resume soon after an extended pause. On April 15, U.S. Energy Secretary Chris Wright informed the House Appropriations Committee that Home Energy Rebate (HER) funds could be released within a “few weeks.” The program had been under review by the Department of Energy (DOE) to ensure alignment with the administration’s policy agenda. HER comprises two

Heat Pump The AHR show hosts around 2,000 companies from the United States and several other countries, all showcasing their products within a massive exhibition space spanning acres in a major city. In comparison, this event was held at a facility typically used by the Associated Builders & Contractors of NH/VT and the Vermont Construction Academy for training in framing carpentry. The venue was equipped with multiple 240 VAC electrical service points, allowing some sponsors

Amazon Partners with Transaera to Deploy Next-Generation Heat Pump Technology Across Global Building Network US: Amazon and Transaera have entered into a new agreement to deploy Transaera’s next-generation heat pump technology across Amazon’s global building network following a successful six-month trial. Founded in 2018, U.S.-based Transaera develops energy-efficient air conditioning and dehumidification systems that use Metal Organic Frameworks (MOFs) to remove humidity bef

Ferguson Reports 3.6% Sales Growth and Strong Non-Residential Demand in Q1 2026 US: Ferguson Enterprises reported Q1 2026 net sales of USD 7.5 billion, up 3.6% year-on-year, with gross margin improving 30 basis points to 31.0% and operating margin rising 120 basis points to 8.2%. Diluted earnings per share increased 23.1% to USD 2.13, while adjusted diluted earnings per share rose 9.1% to USD 2.28, supported by strong non-residential revenue growth and ongoing large capital p

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

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

Home Improvement Sector Hit by Bankruptcies United States: The home improvement and hardware sector is facing mounting financial pressure, with DAX International Brokers Inc. filing for Chapter 11 bankruptcy while continuing operations, and Wren Kitchens abruptly shutting down all U.S. operations under Chapter 7 liquidation. DAX reported assets between USD 0.5–1 million against liabilities of USD 1–10 million, including over USD 7 million in unsecured debt, as it seeks to res

Ingersoll Rand Posts Solid First-Quarter 2026 Performance USA: Ingersoll Rand Inc. reported solid first-quarter 2026 results, with revenue reaching approximately $1.85 billion and adjusted earnings per share of $0.77. The company recorded net income of about $192 million and adjusted EBITDA of roughly $469 million, reflecting steady operational performance. Growth was supported by strong demand across key segments, particularly in precision and industrial technologies. Manage

USA Housing Starts Rebound in March 2026 as Residential Construction Shows Broad-Based Growth Despite Cost Pressures USA: Residential construction activity in the United States recorded a strong recovery in March 2026, with total housing starts rising 10.8% month-on-month to 1.50 million units, according to the U.S. Census Bureau. Growth was supported by both single-family homes, up 9.7%, and multifamily developments, which increased 13.3%. Compared with March 2025, starts we

Watsco US: Watsco Inc. reported revenue of US$1.53 billion for the first quarter of 2026, remaining broadly flat compared to the previous year, reflecting stabilising conditions in the HVAC distribution market. Gross profit stood at US$428 million, with operating income declining slightly to US$110 million, while net income reached approximately US$79 million. Earnings per share decreased to US$1.87, indicating marginal pressure on profitability despite steady pricing gains.