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

Carrier Acquires 75F to Advance AI-Driven Intelligent Building Solutions UNITED STATES: Carrier Global has acquired 75F, a U.S.-based provider of cloud-native, AI-enabled building automation systems, strengthening its intelligent building portfolio. The acquisition enhances Carrier's capabilities across commercial buildings, data centers and retrofit projects by integrating 75F's wireless sensors, AI-powered controls and cloud platform with Carrier's WebCTRL®, Abound™ analyti

Ferguson to Acquire FloWorks in US$1.6 Billion Deal to Expand Industrial Distribution Business USA: Ferguson has agreed to acquire industrial distributor FloWorks from Wynnchurch Capital in a cash transaction valued at approximately US$1.6 billion, with completion expected in the third quarter of 2026, subject to regulatory approval. The acquisition will strengthen Ferguson’s position in industrial flow control by adding expertise in valves, valve automation and repair servic

Solstice and A-Gas Partner to Expand Low-GWP Refrigerant Supply in Europe BELGIUM: Solstice Advanced Materials and A-Gas have formed a strategic partnership to increase the availability of low global warming potential (GWP) refrigerants and promote refrigerant circularity across Europe. The collaboration will combine reclaimed hydrofluorocarbons (HFCs) with Solstice’s hydrofluoroolefins (HFOs) to produce lower-GWP refrigerant blends for existing refrigeration systems, reducin

Samsung Electronics Forecasts Strong Second-Quarter 2026 Performance SOUTH KOREA: Samsung Electronics has projected robust financial results for the second quarter of 2026, supported by continued business momentum across its operations. The company expects consolidated sales of approximately US$112.1 billion and operating profit of around US$58.6 billion, based on preliminary earnings guidance. Sales are estimated to range between US$111.4 billion and US$112.7 billion, while

Ziehl-Abegg Commits to Expand Global Manufacturing Capacity GERMANY: German ventilation and drive technology manufacturer Ziehl-Abegg has announced an additional US$ 102.6 million (€90 million) investment to expand production capacity across Europe, North America and Asia. The investment will fund new machinery, tooling and manufacturing equipment to meet rising global demand for energy-efficient fans and drive systems, particularly for AI data centres, building ventilation,

Daikin Selects India as Global R&D Hub for Data Centre Cooling Solutions INDIA: Daikin Industries Ltd has announced plans to establish a new research and development subsidiary, Daikin Research and Development India Private Limited, in Haryana, strengthening India's role as a global innovation hub for HVAC technologies. Scheduled for completion by June 2028, the new R&D centre will focus on developing advanced heating, ventilation, and air-conditioning solutions for Asia, Oce

EDF Commits €80 Million to Expand Cooling Solutions in French Schools and Nurseries FRANCE: EDF has announced an €80 million (around US$91.2 million) funding initiative to help schools, nurseries, and leisure centres across France install cooling systems as the country experiences increasingly frequent heat waves. Through the "Je passe à l'électrique" programme, EDF will allocate €40 million (around US$40.7 million) by September 2026 to subsidise the installation of fans, mis

Daikin Applied Invests US$30 Million in HVAC Training Facility USA: Daikin Applied has broken ground on a US$30 million Solutions & Technical Institute in Plymouth, Minnesota, as part of its efforts to address the growing shortage of skilled HVAC professionals. Scheduled to open in 2027, the 64,000-square-foot facility will provide hands-on training using more than 50 fully operational HVAC units and offer up to 120 specialised training programmes covering advanced controls,