Watsco, the Florida headquartered distributor in the North American HVAC market, serving over 125,000 contractors and installers through over 692 locations in the US, announced 2Q 2026 earnings on July 29. Watsco reported second-quarter 2026 results that reflected a stabilizing but margin-compressed environment, with revenue up 2% to $2.1 billion. Gross profit declined 4% to … [Read more...] about Watsco’s Q2 Results Signal a Return to Normal: HVAC Market Stabilizes
Residential Market
Lennox Q2 Results: Commercial Surge & Strategic Exit From Low-Margin Residential Shift Recovery to 2027
Lennox, a leading provider of climate control products specializing in HVAC solutions for residential and commercial market, announced 2Q 2026 earnings on July 29. Lennox’s results highlighted a stark divergence between its resilient commercial business and a persistently weak residential market, with revenue up 3% to $1.5 billion, missing expectations, and segment margin … [Read more...] about Lennox Q2 Results: Commercial Surge & Strategic Exit From Low-Margin Residential Shift Recovery to 2027
Carrier and Trane Q2 Results: Data Centers Drive Record Backlogs Amid Rising Input Costs
Two of the leading HVAC manufacturers announced earnings within days of each other that were similar in both results and outlook with strong commercial propelled by data centers but facing cost pressures. Let’s take a look in more detail…. Carrier Global Carrier Global, the Florida headquartered multinational HVACR, fire and security equipment manufacturer, announced earnings … [Read more...] about Carrier and Trane Q2 Results: Data Centers Drive Record Backlogs Amid Rising Input Costs
