Some contractors embed AI, others ‘wait and see’: ServiceTitan report
Contractors “expect the technology to impact their businesses soon — but aren’t yet sure how that monumental change will play out”
HVAC
Madison Air eyes IPO
The company, which on Monday confidentially filed for an IPO, owns several brands that serve the residential HVAC sector, including AprilAire
California pilot to boost contractor payments for recovered refrigerant
The state is launching a pilot program to boost refrigerant recovery and reclamation by paying HVAC contractors more for recovered refrigerant
HVAC shipments crater 49% in October, a record drop
October marks the sharpest single-month year-over-year drop since 2010, the furthest available data, topping September’s 42 percent decline
PHCC launches peer groups for contractors
The initiative will include monthly Zoom meetings, where members function as a board of advisors for one another
7 takeaways: ‘Contractor of the Future’ report
A quick look at a recent survey of over 1,000 HVAC contractors nationwide, which included a focus on profitability and operations
Heat pump startup raises $20 million to expand across U.S.
California-based Quilt is available in 16 U.S. states and five Canadian provinces, and works with over 60 contractors, per an announcement
U.S. heating demand rises in November
U.S. Heating Degree Days in November rose 6.6 percent year-over-year, according to the latest national weather data
Industry pushes to block state-specific refrigerant rules
Industry groups have warned that a patchwork of state-specific refrigerant regulations would be problematic for contractors
Carrier, Lennox CEOs on this year’s dynamics, looking ahead
The chief executives at a recent conference took stock of the industry amid a challenging year, particularly for the residential segment