HVAC distributor sales pop 14% to close out 2024

HVAC distributor sales pop 14% to close out 2024

December marked the best sales growth month of 2024 for HARDI distributors, according to its latest Trends report

Google’s ‘AI Overviews’ halve click-through rates in 2024

Google’s ‘AI Overviews’ halve click-through rates in 2024

For searches triggering AI Overviews in 2024, organic click-through rates were cut by more than half, according to a new analysis

Economy

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Carrier wraps industry earnings with consumer, tariff views

Carrier wraps industry earnings with consumer, tariff views

The company's earnings follow the other two major U.S.-based residential OEMs, providing a look at how all three are reading today's market

HVAC distributor sales pop 14% to close out 2024

HVAC distributor sales pop 14% to close out 2024

December marked the best sales growth month of 2024 for HARDI distributors, according to its latest Trends report

“We’re cautiously optimistic”: CEO on A2L, consumer sentiment, and 2025

“We’re cautiously optimistic”: CEO on A2L, consumer sentiment, and 2025

The past 24 months have seen ups and downs in consumer confidence and HVAC shipments, and January brought a significant change

HVAC imports from Mexico face 25% tariff

HVAC imports from Mexico face 25% tariff

A 25 percent tariff on goods imported from Mexico, where major HVAC manufacturers have a presence, will take effect in early March

Legal

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AHRI issues statement, opposes Trump’s tariffs

AHRI issues statement, opposes Trump’s tariffs

Barring any changes, a 25 percent tariff on all Mexican imports, affecting major manufacturers, will take effect in March

Congress urged to make contractor-friendly tax break permanent

Congress urged to make contractor-friendly tax break permanent

A bill has been re-introduced to make permanent a small business-friendly tax break that's set to expire this year

HVAC groups monitor workforce development changes

HVAC groups monitor workforce development changes

Two workforce development initiatives that impact how the industry recruits and develops talent could face changes under the new Congress

Trump order creates uncertainty for HVAC rebate programs

Trump order creates uncertainty for HVAC rebate programs

The President on Monday signed an order requiring the Department of Energy to “immediately pause the disbursement of funds” under the IRA

M&A

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HVAC distributor acquires Coastal Supply, RJ Murray

HVAC distributor acquires Coastal Supply, RJ Murray

The deals mark the second Northeast-focused distributor acquisition announced within the past 30 days

Koch Air acquires Standard Air, expands into Northeast

Koch Air acquires Standard Air, expands into Northeast

The acquisition adds to Koch Air's business four locations serving contractors across Maryland, Ohio, Pennsylvania, and West Virginia

HVAC investors eye M&A uptick in 2025

HVAC investors eye M&A uptick in 2025

Following a period of high interest rates and economic uncertainty, the HVAC investor community is optimistic about this year

Rheem parent to buy Fujitsu’s HVAC business for $1.6 billion

Rheem parent to buy Fujitsu’s HVAC business for $1.6 billion

The deal marks the third major OEM acquisition announced in the past six months

Management

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Google’s ‘AI Overviews’ halve click-through rates in 2024

Google’s ‘AI Overviews’ halve click-through rates in 2024

For searches triggering AI Overviews in 2024, organic click-through rates were cut by more than half, according to a new analysis

Our most-read stories of January

Our most-read stories of January

A new administration, an OEM acquisition, and a couple technology developments

Contractors can still market on TikTok — for now

Contractors can still market on TikTok — for now

The popular social media app's fate in the U.S. remains in question, following a temporary shutdown on January 18

Non-Google channels led Q4 average tickets, analysis shows

Non-Google channels led Q4 average tickets, analysis shows

Customers acquired through Bing and Facebook ads outspent those acquired through Google in late 2024, according to an analysis

Technology

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ChatGPT’s parent company eyes home services

ChatGPT’s parent company eyes home services

OpenAI, ChatGPT's parent company, on Thursday rolled out a feature that can find, message, and hire contractors on consumers' behalf

Google launches ‘Energy Skilled’ badges: What to know

Google launches ‘Energy Skilled’ badges: What to know

Google will display 'Energy Skilled' badges on contractors' Business Profiles if at least one technician has earned a certain credential

ServiceTitan is now a public company

ServiceTitan is now a public company

After more than a decade as a private company, ServiceTitan brought the trades to Wall Street — and made its public debut

Yelp makes updates to boost contractor advertising

Yelp makes updates to boost contractor advertising

Yelp rolled out over 20 product updates as part of a larger initiative to improve its advertising offerings