SCGD Unveils Five-Year Growth Plan, Targets US$136 Million EBITDA by 2031 THAILAND: SCG Decor Public Company Limited has unveiled a five-year growth strategy targeting Baht 4.5 billion (~US$136.1 million) in EBITDA and a twofold increase in EPS by 2031. The company plans to expand beyond tiles and sanitaryware into products such as SPC flooring, smart toilets, doors and windows, and kitchen and bathroom furniture, with sales from new product categories growing more than 90% o

Watsco to Acquire the Granite Group, Expanding Plumbing and HVAC Distribution USA: Watsco has agreed to acquire The Granite Group, a distributor of plumbing and HVAC products with ~US$500 million in annual sales across seven Northeastern US states. The acquisition will add 82 locations to Watsco’s growing plumbing distribution network and further strengthen its presence in the fragmented North American HVAC market. The Granite Group serves residential, commercial and industri

Haier R290 Air-to-Water Heat Pump Range Launches with Solar Denmark DENMARK: Haier HVAC Solutions has partnered with Solar Denmark to launch its latest R290 air-to-water heat pump portfolio for professional installers across Denmark. Solar will commercialise Haier’s solutions, covering residential and small commercial applications. The portfolio includes 6-16 kW Monobloc, Hydro Split and All-in-One models, alongside a compact Mini range of 3.5 and 5 kW and commercial models o

SCG Decor Expands ASEAN Footprint with Malaysia Partnership and dooDeco Acquisition

Strong Domestic Water Heater Demand Boosts Noritz’s First-Half FY2026 Results

Ferguson Reports Stronger Second-Quarter Performance USA: Ferguson Enterprises reported solid results for the second quarter ended 30 June 2026, with sales rising 4.6% to US$8.8 billion. The company recorded strong growth in the non residential market and returned to growth in residential demand despite challenging market conditions. Ferguson completed five acquisitions during the quarter and agreed to acquire FloWorks, strengthening its technical distribution capabilities. T

LIXIL Streamlines Shower Toilet Business Through Subsidiary Merger JAPAN: LIXIL Corporation will absorb its wholly owned subsidiary, LIXIL Shower Toilet Tech Corp., through an absorption-type merger scheduled to take effect on October 1, 2026. The subsidiary was established in November 2023 to facilitate the transfer and succession of LIXIL’s shower toilet business from AISIN Corporation in September 2024. With the transition now completed, LIXIL plans to integrate the subsid

RAK Ceramics Reports Resilient Q2 2026 Performance Despite Regional Disruptions UAE: RAK Ceramics reported a resilient Q2 2026 performance, with revenue broadly stable at AED 822.8 million (US$ 822.8 million) despite regional conflicts, supply chain disruptions and higher logistics costs. Strong demand in the UAE, Saudi Arabia and Bangladesh supported performance, while gross profit margin improved to 41%. Tiles revenue rose 1.7%, driven by higher sales across key markets, wh

Samsung Electronics Reports Record Q2 Revenue and Operating Profit SOUTH KOREA: Samsung Electronics reported record Q2 2026 consolidated revenue of approximately US$118.9 billion and operating profit of around US$62.0 billion. While semiconductor products remained the primary growth driver, the Digital Appliances (DA) business recorded higher revenue supported by strong demand for air conditioners during the quarter. Despite cost pressures weighing on profitability, Samsung s

Mitsubishi Electric to Invest US$30 Million in Ohio IT Cooling Manufacturing Facility UNITED STATES: Mitsubishi Electric has announced plans to establish MEHITS US, Inc. in Mason, Ohio, to manufacture IT cooling equipment for the rapidly expanding U.S. data centre market. The company will invest approximately US$30 million to renovate and repurpose part of an existing manufacturing facility, with production scheduled to begin in April 2027. The new plant will strengthen Mitsu

Johnson Controls Raises FY2026 Outlook Following Strong Q3 HVAC Growth IRELAND: Johnson Controls delivered strong third-quarter fiscal 2026 results, driven by sustained demand for applied HVAC systems and mission-critical building solutions. Total sales increased 9% year-on-year to US$6.6 billion, while Applied HVAC remained the key growth driver across the Americas and Asia-Pacific. Organic orders rose 27%, and backlog reached a record US$21.0 billion, supported by continued

LIXIL Reports Higher Q1 Revenue, Maintains Full-Year Outlook Despite Profit Decline JAPAN: LIXIL reported Q1 FYE2027 revenue of approximately US$2.53 billion, up 4% year-on-year, driven by strong international sales, particularly in Europe and the Middle East. However, core earnings fell to around US$11 million as rising raw material costs, especially aluminium, weighed on profitability in Japan. The company posted a net loss of approximately US$23 million during the quarter

Ariston Group Confirms 2026 Outlook After Strong Q2 Revenue and Margin Growth ITALY: Ariston Group reported second-quarter 2026 net revenue of approximately US$797 million, up 7.4% year-on-year, driven by robust demand for heating products, particularly heat pumps. Adjusted EBIT increased 28.3% to around US$45 million, supported by margin expansion and operational efficiencies. For the first half of 2026, revenue reached approximately US$1.55 billion, while adjusted EBIT rose

Villeroy & Boch Maintains 2026 Outlook Despite Challenging Market Conditions GERMANY: Villeroy & Boch reported first-half 2026 revenue of approximately US$744 million, down 12.4% year-on-year from US$849 million, reflecting portfolio changes and geopolitical challenges. Adjusted for divestments and currency effects, revenue declined 7.4%, while the order backlog increased. Operating EBIT fell to around US$40.4 million from US$55.9 million, and the company recorded a net loss

Zehnder Group Reports Strong Ventilation Growth, Confirms 2026 Outlook SWITZERLAND: Zehnder Group reported first-half 2026 sales of approximately US$455.2 million, up 3% year-on-year, driven by strong demand in its ventilation business. Ventilation sales increased 7% to around US$313.7 million, accounting for 69% of total revenue, while adjusted EBIT rose 15% to approximately US$43.5 million, delivering a 9.5% margin. Net profit increased 2% to about US$27.5 million, despite

AO Smith Reports Stable Q2 Sales, Reaffirms 2026 Outlook UNITED STATES: AO Smith reported second-quarter 2026 net sales of US$1.0 billion, broadly unchanged from the previous year, while adjusted earnings per share declined 4% to US$1.03. North America sales increased 5% to US$821 million, supported by 3% organic growth, a 21% increase in boiler sales and a US$16 million contribution from the Leonard Valve acquisition. In contrast, Rest of World sales fell 19% to US$195 milli

Carrier Raises 2026 Outlook Following Strong Q2 Performance UNITED STATES: Carrier Global Corporation reported second-quarter 2026 revenue of US$6.35 billion, up 4% year-on-year, supported by strong global orders, particularly in commercial HVAC and data centres. Adjusted earnings per share reached US$0.86, while operating cash flow totalled US$927 million and approximately US$640 million was returned to shareholders through dividends and share repurchases. Despite margin pre

Trane Technologies Raises 2026 Outlook After Strong Q2 Results IRELAND: Trane Technologies reported strong second-quarter 2026 results, with revenue increasing 11% year-on-year to US$6.4 billion, supported by robust commercial HVAC demand and record bookings. Organic bookings rose 37%, while backlog reached a record US$12.1 billion, led by a 90% increase in Americas Commercial HVAC. Adjusted continuing earnings per share increased 11% to US$4.31. The company generated US$1.6

Masco Reports Higher Q2 Profit, Lifts Full-Year 2026 Earnings Forecast UNITED STATES: Masco Corporation reported second-quarter 2026 net sales of US$1.99 billion, down 3% year-on-year, reflecting softer demand across its Plumbing Products and Decorative Architectural Products businesses. Despite lower revenue, the company delivered stronger profitability, with adjusted operating margin rising to 24.2% and adjusted earnings per share increasing 26% to US$1.64. Improved operati

Hitachi Opens BuilMirai Experience Center in India to Showcase AI-Powered Smart Building Solutions INDIA: Hitachi, in collaboration with Hitachi Lift India and GlobalLogic, has inaugurated the BuilMirai Experience Center at GlobalLogic's headquarters in Noida, India. The facility serves as an innovation and customer engagement hub for BuilMirai, Hitachi's digital building management platform built around its HMAX for Buildings portfolio. By combining operational technology, a