Most Read: Q2 2024

📚 Q2, 2024

The top five reads from the last quarter, in order.

1 — Carrier and Lennox report Q1 earnings, confirm 10-20% price increases

• “Both CEOs reiterated that new 454B products will see 10-20% price increases over the next year and a half — Lennox around 10% and Carrier between 15-20%.”

2 — Exclusive: SF&P Advisors’ Brian Cohen on the state of M&A in HVAC

• “We would take a deal to market and have 50, 60, or 70 private equity groups signing non-disclosure agreements wanting to take a look at the opportunity.”

3 — Google de-emphasizes proximity in LSAs

• “Google tweaked some wording on its LSA Help page, indicating it’s emphasizing service area over business location when ranking ads.” 

4 — General Manager Jeff Carpenter on how to run an efficient call center

• “In our industry, unfortunately, CSRs have always been — and probably will always be — the most undervalued component of the business, but they are so vital and so important.”

5 — HVAC M&A chatter with Bristlecone Trail Partners’ Jason Haar

• “[E]ven though there’s been a lot of M&A activity, the industry is still not very consolidated. If you dissect a market, the biggest companies don’t typically have more than 10% market share.”