Workflow
HVAC
icon
Search documents
SPX Technologies Announces Acquisition of Thermolec
Globenewswire· 2026-01-20 13:00
Expands HVAC Segment with Highly Complementary Custom Electric Heating SolutionsCHARLOTTE, N.C., Jan. 20, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) (“SPX Technologies” or the “Company”) announced today that it has completed the acquisition of Thermolec Ltd. (“Thermolec”) for a total cash consideration of CA$ 195 million (approximately US$ 140 million). Founded in 1973, Thermolec is a Montréal-based manufacturer of custom electric duct heating and related solutions, offering a differentiate ...
Carrier Global: Unable To Carry Its Weight Amidst Continued Softness (NYSE:CARR)
Seeking Alpha· 2026-01-16 23:13
If you like to see more ideas, please subscribe to the premium service "Value in Corporate Events" here and try the free trial. In this service we cover major earnings events, M&A, IPOs and other significant corporate events with actionable ideas. Furthermore, we provide coverage of situations and names on request!By the middle of October, I concluded that Carrier Global Corporation ( CARR ) was giving its investors the chills. Following a successful and full transformation to become an HVAC business, the c ...
SPX Technologies to Report Fourth Quarter and Full-Year 2025 Financial Results and Present 2026 Financial Guidance
Globenewswire· 2026-01-16 14:56
CHARLOTTE, N.C., Jan. 16, 2026 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that it will release its financial results for the fourth quarter and full-year of fiscal year 2025 after the U.S. financial markets close on Tuesday, February 24, 2026. In conjunction with this announcement, SPX Technologies’ President and Chief Executive Officer Gene Lowe and SPX Technologies’ Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company’s financial results an ...
Trane Technologies (TT) Fell Due to Weakness in Its HVAC Business
Yahoo Finance· 2026-01-16 14:32
Core Insights - Fenimore Asset Management's Q4 2025 investor letter indicates a solid yet volatile stock market, influenced by AI enthusiasm, economic uncertainty, and monetary policy concerns [1] - The firm anticipates mixed market conditions in 2026, with many AI-related stocks appearing expensive while high-quality companies are trading at multi-year lows, presenting potential investment opportunities [1] Performance Summary - The S&P 500 Index rose by 2.66% in Q4 2025, with large-cap technology and communication services sectors leading the market [1] - Fenimore Small Cap Strategy returned -4.12%, underperforming the Russell 2000 Index, which returned 2.19% [1] - Fenimore Dividend Focus Strategy declined by -4.41% compared to the Russell Midcap Index's 0.16% return [1] - Fenimore Value Strategy saw a decline of -1.17% in Q4, also underperforming against the Russell Midcap Index [1] Company Focus: Trane Technologies plc - Trane Technologies plc (NYSE:TT) was highlighted as a key performance detractor in the Fenimore Dividend Focus Strategy [2] - As of January 15, 2026, Trane Technologies plc's stock closed at $387.27, with a one-month return of -0.66% and a 52-week loss of 0.49% [2] - The company has a market capitalization of $86.174 billion [2] - Despite challenges in the residential HVAC business due to industry changes, Trane Technologies plc's earnings and backlog remain strong, with AI data center cooling contributing positively [3]
Here's Why You Should Retain Trane Technologies Stock Right Now
ZACKS· 2026-01-15 16:10
Key Takeaways Trane Technologies expects earnings to rise 16.1% in 2025 and 13.5% in 2026, with revenues growing over 7%.TT benefits from U.S. and European policies driving demand for HVAC and decarbonization solutions.TT's Brainbox AI acquisition enhances HVAC services, lowering energy use and reducing carbon emissions.Trane Technologies (TT) has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.The company’s fourth ...
Is This Stock Quietly Setting Up Long-Term Investors for Massive Gains?
Yahoo Finance· 2026-01-14 15:06
Company Overview - Comfort Systems USA (NYSE: FIX) has seen its stock price more than double over the past year, driven by recognition of its potential in the artificial intelligence (AI) industry [2] - The company has a significant backlog of $9.38 billion, which is up 65% year over year, indicating strong demand for its HVAC solutions [4] Financial Performance - Comfort Systems USA reported a 35% year-over-year revenue increase in the third quarter, showcasing robust financial growth [7] - The company raised its dividend by 20% last year, reflecting a strong balance sheet and financial health, although the current yield is only 0.24% [6][8] Market Position and Strategy - The company has expanded its market share through acquisitions, including electrical companies in Western Michigan and Southern Florida, which are expected to generate an additional $200 million in annual revenue [5] - Comfort Systems USA operates 184 locations in 139 cities across the nation, positioning it advantageously near many AI hotspots and enhancing its competitive edge [7][8] Industry Trends - The HVAC sector is poised for growth as demand for AI chips increases, necessitating effective cooling solutions [4][8] - Companies are increasingly turning to HVAC providers like Comfort Systems USA to maintain optimal operating temperatures for AI chips, indicating a favorable trend for the industry [8]
Lennox Invests in Distribution and Digital Capabilities to Strengthen Commercial HVAC Business
Prnewswire· 2026-01-14 13:03
Lennox invests in distribution and digital capabilities to deliver improved product access and instant quotes for commercial customers. DALLAS, Jan. 14, 2026 /PRNewswire/ -- Lennox (NYSE: LII) is investing in its commercial HVAC business to enhance product availability, expand distribution capacity, and elevate the overall customer experience. These investments support Lennox's commitment to serve the growing needs of today's commercial contractors, engineers and building owners. Lennox recently enhanced i ...
Lennox Schedules Fourth Quarter Results and 2026 Guidance Conference Call
Prnewswire· 2026-01-12 14:49
DALLAS, Jan. 12, 2026 /PRNewswire/ -- Lennox (NYSE: LII), a leader in energy-efficient climate control solutions, will report fourth quarter and full year 2025 financial results before the market opens on Wednesday, January 28, 2026. The company will also provide guidance for FY 2026. An earnings conference call and webcast are scheduled for the same day at 8:30 a.m. Central Time. CEO Alok Maskara and CFO Michael Quenzer will provide a summary of the company's financial results and outlook, followed by a q ...
HVAC Expert Leslie Roe Shares Winter Indoor Air Quality Solutions in HelloNation
Globenewswire· 2026-01-12 04:00
TRAVERSE CITY, Mich., Jan. 11, 2026 (GLOBE NEWSWIRE) -- How can homeowners protect their health and comfort when indoor air quality worsens during the colder months? In an article published in HelloNation, Leslie Roe of Precision Plumbing and Heating in Traverse City, Michigan, explains how whole-home systems provide reliable solutions to the challenges of sealed winter living. As Roe outlines, the main concern begins when households close windows and doors to conserve heat. While this practice helps retain ...
Lennox Launches Gas Furnace Featuring Integrated Refrigerant Detection System
Prnewswire· 2026-01-08 13:03
®The new Dave Lennox Signature Collection SLP99VK Gas Furnace achieves up to 99% efficiency and includes an integrated Refrigerant Detection System (RDS). ® DALLAS, Jan. 8, 2026 /PRNewswire/ -- Lennox Residential HVAC, a leader in energy-efficient home comfort solutions, announced today the release of the Dave Lennox Signature SLP99VK Gas Furnace, designed to deliver high-efficiency heating with built-in refrigerant detection capability. The SLP99VK is integrated with a Refrigerant Detection System (RDS), e ...