Latest news with #HVAC
Globe and Mail
13 hours ago
- Business
- Globe and Mail
Smart Homes, Safer Communities: Christopher Mickey's Call for Action on HVAC Reform
From Hurricane Relief to Everyday Energy Bills, One Entrepreneur Pushes for Smarter, More Reliable Home Systems In a new exclusive interview, Florida-based entrepreneur Christopher Mickey shares a message that reaches far beyond his own business: America needs to take HVAC systems—and the people they serve—more seriously. 'Bad HVAC isn't just uncomfortable. It's expensive, inefficient, and, in some cases, dangerous,' says Mickey, founder of Airheads HVAC. 'Every home we flip, we see the same problems: outdated systems, poor installations, and zero energy strategy.' Having personally flipped more than 545 homes with his wife, Mickey's journey from the restaurant industry to real estate and HVAC has given him a front-row seat to the systemic problems facing homeowners. 'You'd be shocked at how often families are stuck with high energy bills and unreliable systems,' he notes. 'These aren't luxuries—they're essentials.' The timing of Mickey's message is urgent. HVAC systems account for nearly 50% of the average U.S. household's energy usage, and with energy prices continuing to climb, inefficient setups are costing families thousands. Yet too few know how to spot or solve the problem. 'There are smart solutions out there—things like high-efficiency systems and smart thermostats—but people need to be educated and empowered,' he says. Mickey believes the answer lies not just in better technology, but in accountability. 'We treat every job like it's our own home. That's missing in this industry.' In the interview, Mickey also speaks about his team's response to Hurricane Helene, when they provided free and discounted HVAC services to families left without cooling. 'If you've got the tools to help, use them,' he says. 'It's that simple.' Mickey's message is clear: home systems should work for the people living in them—not against them. He urges communities to take action: Get your systems checked regularly. Invest in smart, energy-efficient solutions. Hold service providers to a higher standard. Speak up when service fails. 'This isn't just about saving money—it's about safety, sustainability, and respect for people's homes,' says Mickey. 'You don't need to be in HVAC to help fix this. You just need to care.' About Christopher Mickey Christopher Mickey is a hands-on entrepreneur and founder of Airheads HVAC. After starting in the restaurant business at 21 and flipping over 545 homes, he launched Airheads to solve the HVAC problems he saw every day on the job. His work is driven by quality service, smart technology, and a deep commitment to community support. To read the full interview, click here. Contact: Info@ Media Contact Contact Person: Christopher Mickey Email: Send Email City: New Port Richey State: Florida Country: United States Website:
Yahoo
16 hours ago
- Business
- Yahoo
Hot Days Don't Have to Mean High Bills
Manage summer energy use wisely with tips from FirstEnergy AKRON, Ohio, June 19, 2025 /PRNewswire/ -- With the first major heat wave of the season approaching, FirstEnergy Corp. (NYSE: FE) is here to help you with practical tips to stay cool, comfortable and in control of your energy costs. Wade Smith, President of FirstEnergy Utilities: "When the weather heats up, it's easy for energy use to climb. With a few simple steps, customers can control their comfort without spending more than they need to." Here are 10 easy ways to keep cool and cut costs this summer: Boost airflow with ceiling or box fans to reduce AC use. Use window AC units only when rooms are occupied. Set thermostats as high as comfort allows. Block the sun by keeping blinds and curtains closed during daylight hours. Close vents and doors to rooms not being used. Delay chores like laundry, dishwashing and cooking until early morning or late evening. Grill outdoors instead of heating up your kitchen. Unplug electronics and chargers when not in use. Choose ENERGY STAR® appliances and HVAC systems when upgrading. Clean or replace HVAC filters regularly. Want more ways to save? Visit for tools and programs to help you take control of your energy use. Need help with your bill? Explore bill assistance programs and budget billing options that help manage monthly costs at FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its electric distribution companies form one of the nation's largest investor-owned electric systems, serving more than six million customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at and on Twitter @FirstEnergyCorp. View original content to download multimedia: SOURCE FirstEnergy Corp. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
18 hours ago
- Business
- Yahoo
Worthington Enterprises Acquires Elgen Manufacturing; Expands Building Systems and Components Portfolio
Elgen Manufacturing COLUMBUS, Ohio, June 19, 2025 (GLOBE NEWSWIRE) -- Worthington Enterprises (NYSE: WOR), a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences, today announced its acquisition of Elgen Manufacturing (Elgen) of Closter, New Jersey. Elgen is a market-leading designer and manufacturer of HVAC parts and components, ductwork and structural framing primarily used in commercial buildings throughout North America. Recurring demand for maintenance, repair and remodel of existing HVAC installations is a key driver of volume and customer spend in these markets. Joe Hayek, president and chief executive officer, Worthington Enterprises, said, 'The addition of Elgen aligns closely with our strategy to build and acquire businesses with leadership positions in niche markets. Elgen's manufacturing processes, go-to-market strategies and end markets mirror ours, creating meaningful opportunities for synergies and growth. We are excited to welcome the Elgen team to Worthington Enterprises and look forward to growing together as their 250 employees become part of our people-first, performance-based culture.' Elgen will become part of the Building Products segment at Worthington Enterprises that includes a portfolio of critical building systems and components for heating, cooling, construction and water applications, as well as architectural and acoustical grid ceilings and metal framing and accessories. Elgen's steel-based products are used by contractors to renovate, repair and build the HVAC infrastructure within commercial buildings. Its sales strategy features direct sales to contractors and strategic distributor partnerships that broaden reach into niche markets. The company's distribution model allows for superior customer service and flexibility in best-in-class lead times for specialty (non-standard) products that are frequently needed by contractors installing on tight timelines. Jimmy Bowes, president, Building Products, Worthington Enterprises, added, 'Elgen's HVAC componentry and recurring revenue through maintenance, repair and remodel are a natural fit with our products for the building envelope. We believe we can create new value for Elgen's customers and generate operational efficiencies for the business by leveraging Worthington's domestic footprint, manufacturing expertise and purchasing power.' David Young, chief executive officer, Elgen Manufacturing, said, 'This is a milestone in our rich history and one that we believe accelerates our ability to serve our customers and retain and attract a top workforce. We look forward to supporting the continued growth of Worthington Enterprises and remain committed to delivering innovative products and excellent service to our customers.' Young and other members of the Elgen leadership team will remain with the business and maintain similar roles and responsibilities. Worthington Enterprises acquired Elgen Manufacturing for approximately $93 million funded with cash on hand. For the trailing 12 months ended April 30, 2025, Elgen generated net sales of $114.9 million and EBITDA of $13.3 million. A presentation with more information on the transaction can be found on the investor relations section of the Company's website. About Worthington Enterprises Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences. The Company operates with two primary business segments: Building Products and Consumer Products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, Coleman® (propane cylinders), CoMet®, Elgen, Garden Weasel®, General®, HALO™, Hawkeye™, Level5 Tools®, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Ragasco®, Well-X-Trol® and XLite™, among others. Headquartered in Columbus, Ohio, Worthington Enterprises and its joint ventures employ approximately 6,000 people throughout North America and Europe. Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The Company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit Safe Harbor Statement Selected statements contained in this release constitute 'forward-looking statements,' as that term is used in the Private Securities Litigation Reform Act of 1995 (the 'Act'). The Company wishes to take advantage of the safe harbor provisions included in the Act. Forward-looking statements reflect the Company's current expectations, estimates or projections concerning future results or events. These statements are often identified by the use of forward-looking words or phrases such as 'believe,' 'expect,' 'anticipate,' 'may,' 'could,' 'should,' 'would,' 'intend,' 'plan,' 'will,' 'likely,' 'estimate,' 'project,' 'position,' 'strategy,' 'target,' 'aim,' 'seek,' 'foresee' and similar words or phrases. These forward-looking statements include, without limitation, statements relating to: future or expected cash positions, liquidity and ability to access financial markets and capital; outlook, strategy or business plans; the anticipated benefits of the separation of the Company's Steel Processing business (the 'Separation); the expected financial and operational performance of, and future opportunities for, the Company following the Separation; the Company's performance on a pro forma basis to illustrate the estimated effects of the Separation on historical periods; the tax treatment of the Separation transaction; future or expected growth, growth potential, forward momentum, performance, competitive position, sales, volumes, cash flows, earnings, margins, balance sheet strengths, debt, financial condition or other financial measures; pricing trends for raw materials and finished goods and the impact of pricing changes; the ability to improve or maintain margins; expected demand or demand trends for the Company or its markets; additions to product lines and opportunities to participate in new markets; expected benefits from transformation and innovation efforts; the ability to improve performance and competitive position at the Company's operations; anticipated working capital needs, capital expenditures and asset sales; anticipated improvements and efficiencies in costs, operations, sales, inventory management, sourcing and the supply chain and the results thereof; projected profitability potential; the ability to make acquisitions and the projected timing, results, benefits, costs, charges and expenditures related to acquisitions, joint ventures, headcount reductions and facility dispositions, shutdowns and consolidations; projected capacity and the alignment of operations with demand; the ability to operate profitably and generate cash in down markets; the ability to capture and maintain market share and to develop or take advantage of future opportunities, customer initiatives, new businesses, new products and new markets; expectations for Company and customer inventories, jobs and orders; expectations for the economy and markets or improvements therein; expectations for generating improving and sustainable earnings, earnings potential, margins or shareholder value; effects of judicial rulings; the ever-changing effects of the novel coronavirus ('COVID-19') pandemic and the various responses of governmental and nongovernmental authorities thereto on economies and markets, and on our customers, counterparties, employees and third-party service providers; and other non-historical matters. Because they are based on beliefs, estimates and assumptions, forward-looking statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected. Any number of factors could affect actual results, including, without limitation, those that follow: the uncertainty of obtaining regulatory approvals in connection with the Separation, including rulings from the Internal Revenue Service; the Company's ability to successfully realize the anticipated benefits of the Separation; the risks, uncertainties and impacts related to the COVID-19 pandemic – the duration, extent and severity of which are impossible to predict, including the possibility of future resurgence in the spread of COVID-19 or variants thereof – and the availability, effectiveness and acceptance of vaccines, and other actual or potential public health emergencies and actions taken by governmental authorities or others in connection therewith; the effect of national, regional and global economic conditions generally and within major product markets, including significant economic disruptions from COVID-19, the actions taken in connection therewith and the implementation of related fiscal stimulus packages; the effect of conditions in national and worldwide financial markets, including inflation, increases in interest rates and economic recession, and with respect to the ability of financial institutions to provide capital; the impact of tariffs, the adoption of trade restrictions affecting the Company's products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; changing oil prices and/or supply; product demand and pricing; changes in product mix, product substitution and market acceptance of the Company's products; volatility or fluctuations in the pricing, quality or availability of raw materials (particularly steel), supplies, transportation, utilities, labor and other items required by operations (especially in light of the COVID-19 pandemic and Russia's invasion of Ukraine); effects of sourcing and supply chain constraints; the outcome of adverse claims experience with respect to workers' compensation, product recalls or product liability, casualty events or other matters; effects of facility closures and the consolidation of operations; the effect of financial difficulties, consolidation and other changes within the steel, automotive, construction and other industries in which the Company participates; failure to maintain appropriate levels of inventories; financial difficulties (including bankruptcy filings) of original equipment manufacturers, end-users and customers, suppliers, joint venture partners and others with whom the Company does business; the ability to realize targeted expense reductions from headcount reductions, facility closures and other cost reduction efforts; the ability to realize cost savings and operational, sales and sourcing improvements and efficiencies, and other expected benefits from transformation initiatives, on a timely basis; the overall success of, and the ability to integrate, newly-acquired businesses and joint ventures, maintain and develop their customers, and achieve synergies and other expected benefits and cost savings therefrom; capacity levels and efficiencies, within facilities, within major product markets and within the industries in which the Company participates as a whole; the effect of disruption in the business of suppliers, customers, facilities and shipping operations due to adverse weather, casualty events, equipment breakdowns, labor shortages, interruption in utility services, civil unrest, international conflicts (especially in light of Russia's invasion of Ukraine), terrorist activities or other causes; changes in customer demand, inventories, spending patterns, product choices, and supplier choices; risks associated with doing business internationally, including economic, political and social instability (especially in light of Russia's invasion of Ukraine), foreign currency exchange rate exposure and the acceptance of the Company's products in global markets; the ability to improve and maintain processes and business practices to keep pace with the economic, competitive and technological environment; the effect of inflation, interest rate increases and economic recession, which may negatively impact the Company's operations and financial results; deviation of actual results from estimates and/or assumptions used by the Company in the application of its significant accounting policies; the level of imports and import prices in the Company's markets; the impact of environmental laws and regulations or the actions of the United States Environmental Protection Agency or similar regulators which increase costs or limit the Company's ability to use or sell certain products; the impact of increasing environmental, greenhouse gas emission and sustainability regulations and considerations; the impact of judicial rulings and governmental regulations, both in the United States and abroad, including those adopted by the United States Securities and Exchange Commission and other governmental agencies as contemplated by the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; the effect of healthcare laws in the United States and potential changes for such laws, especially in light of the COVID-19 pandemic, which may increase the Company's healthcare and other costs and negatively impact the Company's operations and financial results; the effects of tax laws in the United States and potential changes for such laws, which may increase the Company's costs and negatively impact the Company's operations and financial results; cyber security risks; the effects of privacy and information security laws and standards; and other risks described from time to time in the Company's filings with the United States Securities and Exchange Commission, including those described in 'Part I – Item 1A. – Risk Factors' of the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2024. Forward-looking statements should be construed in the light of such risks. The Company notes these factors for investors as contemplated by the Act. It is impossible to predict or identify all potential risk factors. Consequently, readers should not consider the foregoing list to be a complete set of all potential risks and uncertainties. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date made. The Company does not undertake, and hereby disclaims, any obligation to update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. Sonya L. HigginbothamSenior Vice PresidentChief of Corporate Affairs, Communications and Marcus A. RogierTreasurer and Investor Relations 200 West Old Wilson Bridge Ohio A photo accompanying this announcement is available at
Zawya
a day ago
- Automotive
- Zawya
Johnson Controls Arabia to deliver integrated cooling solutions for CEER's landmark electric vehicle facility
Jeddah – Johnson Controls Arabia, a global leader in HVAC systems, smart building controls, and energy efficiency, has signed a strategic agreement with Modern Building Leaders (MBL) to supply and operate a fully integrated YORK cooling system for the new CEER manufacturing facility. This marks a significant step forward in the evolution of industrial technology in Saudi Arabia and supports the Kingdom's pioneering end-to-end electric vehicle brand. Under this partnership, Johnson Controls Arabia will deliver a comprehensive cooling solutions powered by cutting-edge YORK technologies, including 12 chillers, various cooling units, with a total capacity of 33,000 TR. The CEER facility, located in King Abdullah Economic City, is a foundational project in the development of Saudi Arabia's electric vehicle sector. It aims to produce world-class electric cars with a focus on sustainability, efficiency, and advanced technology. Commenting on the milestone, Dr. Mohanad AlShaikh, CEO of Johnson Controls Arabia, stated, 'We are proud to play a role in this ambitious national project that reflects our commitment to delivering smart, sustainable solutions aligned with Saudi Vision 2030. Our success in this initiative demonstrates the trust our partners place in YORK's technical strength and reliability, and our ability to provide integrated solutions that rival the world's leading providers, driven by expert engineering teams, fast execution, and excellent after-sales support.' This achievement coincides with the launch of the region's first YORK air-cooled chiller production line with 600-ton capacity at the YORK manufacturing complex in King Abdullah Economic City, Jeddah. It was accompanied by the opening of the Kingdom's first AHRI-certified performance testing laboratory for air-cooled chillers of this capacity, reinforcing Saudi Arabia's role as a regional hub for innovation in the cooling and HVAC sector. The inauguration was attended by senior executives from all stakeholders, including Mr. Tareq Telmesani, CEO of MBL, and Mr. Mohamed Fathy El-Bordany, Plant Facility and Maintenance Director at CEER. This collaboration marks a strategic milestone in Johnson Controls Arabia's journey, strengthening its position as a key partner in major manufacturing projects across the Kingdom and reinforcing its role in advancing industrial infrastructure with high-efficiency, sustainable cooling solutions that meet the highest global standards.
Yahoo
a day ago
- Business
- Yahoo
A Look Back at HVAC and Water Systems Stocks' Q1 Earnings: CSW (NASDAQ:CSWI) Vs The Rest Of The Pack
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at hvac and water systems stocks, starting with CSW (NASDAQ:CSWI). Many HVAC and water systems companies sell essential, non-discretionary infrastructure for buildings. Since the useful lives of these water heaters and vents are fairly standard, these companies have a portion of predictable replacement revenue. In the last decade, trends in energy efficiency and clean water are driving innovation that is leading to incremental demand. On the other hand, new installations for these companies are at the whim of residential and commercial construction volumes, which tend to be cyclical and can be impacted heavily by economic factors such as interest rates. The 9 hvac and water systems stocks we track reported a satisfactory Q1. As a group, revenues beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance was 0.7% below. In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results. With over two centuries of combined operations manufacturing and supplying, CSW (NASDAQ:CSWI) offers special chemicals, coatings, sealants, and lubricants for various industries. CSW reported revenues of $230.5 million, up 9.3% year on year. This print fell short of analysts' expectations by 1%. Overall, it was a slower quarter for the company with a slight miss of analysts' EBITDA estimates. Unsurprisingly, the stock is down 3% since reporting and currently trades at $305.10. Is now the time to buy CSW? Access our full analysis of the earnings results here, it's free. Backed by two million square feet of lab testing space, AAON (NASDAQ:AAON) makes heating, ventilation, and air conditioning equipment for different types of buildings. AAON reported revenues of $322.1 million, up 22.9% year on year, outperforming analysts' expectations by 10.9%. The business had an incredible quarter with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. AAON pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems unhappy with the results as the stock is down 19.2% since reporting. It currently trades at $73.61. Is now the time to buy AAON? Access our full analysis of the earnings results here, it's free. Originally started as a farm water drainage company, Advanced Drainage Systems (NYSE:WMS) provides clean water management solutions to communities across America. Advanced Drainage reported revenues of $615.8 million, down 5.8% year on year, falling short of analysts' expectations by 6.8%. It was a disappointing quarter as it posted a miss of analysts' Infiltrators revenue estimates and full-year revenue guidance missing analysts' expectations significantly. Advanced Drainage delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update in the group. As expected, the stock is down 6.7% since the results and currently trades at $113.58. Read our full analysis of Advanced Drainage's results here. Based in Texas and founded over a century ago, Lennox (NYSE:LII) is a climate control solutions company offering heating, ventilation, air conditioning, and refrigeration (HVACR) goods. Lennox reported revenues of $1.07 billion, up 2.4% year on year. This number topped analysts' expectations by 4.6%. It was a very strong quarter as it also put up an impressive beat of analysts' organic revenue estimates and a decent beat of analysts' EPS estimates. The stock is down 3.8% since reporting and currently trades at $537.47. Read our full, actionable report on Lennox here, it's free. Founded by the inventor of air conditioning, Carrier Global (NYSE:CARR) manufactures heating, ventilation, air conditioning, and refrigeration products. Carrier Global reported revenues of $5.22 billion, down 3.7% year on year. This print was in line with analysts' expectations. Overall, it was a very strong quarter as it also logged a solid beat of analysts' EBITDA estimates. Carrier Global pulled off the highest full-year guidance raise among its peers. The stock is up 12% since reporting and currently trades at $69.96. Read our full, actionable report on Carrier Global here, it's free. Thanks to the Fed's series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump's presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
