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Watsco and Carrier Complete Distribution Joint Venture Transaction in Northeast

MIAMI -Watsco, Inc. today announced that it has completed its joint venture transaction with Carrier Corporation that includes Carrier Corporation’s company-operated HVAC distribution network in the northeast United States. Carrier’s company-operated northeast distribution network had revenues of approximately $210 million in 2010, with 230 employees serving 11 states from 28 locations. Products sold include a … Read More »

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Johnson Controls Reports Record Results for Q2 2011

MILWAUKEE – For the second quarter of fiscal 2011, Johnson Controls reported record sales and earnings with double-digit improvements by all three business segments. The company also increased its estimate for full fiscal year 2011 revenues. Highlights of the company’s record second quarter include: Net sales of $10.1 billion vs. $8.3 billion in Q2 2010, … Read More »

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Ingersoll Rand Announces Planned Divestiture of Hussmann Business

SWORDS, Ireland – Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, today announced its plans to divest the Hussmann North American refrigerated display case equipment business, as well as the equipment, service and installation businesses outside of North America. “At present we are in discussions with a number … Read More »

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Ingersoll Rand Delivers First-Quarter EPS of $0.35 on 13 Percent Revenue Growth

SWORDS, Ireland – Ingersoll-Rand plc (NYSE:IR), a world leader in creating and sustaining safe, comfortable and efficient environments, today reported that total revenues increased 13 percent for the first quarter of 2011 compared with the 2010 first quarter; orders increased by approximately 12 percent; and diluted earnings per share (EPS) from continuing operations were at … Read More »

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AHRI Offers Homeowners Simple Springtime Air Conditioner Maintenance Tips

ARLINGTON – With the spring season in full swing, the Air-Conditioning, Heating, and Refrigeration Institute (AHRI) reminds homeowners that this is the ideal opportunity to prepare their cooling equipment for the hot summer months to ensure it operates at its highest efficiency. “Heating and cooling is the single biggest energy consumer in a home, and … Read More »

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