World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Watsco reports record half-year sales

USA: Watsco, the world’s largest HVACR equipment distributor, has reported record second quarter and first-half operating results for the periods ended June 30. 

Q2 sales grew 36% to a record $1.85bn, while operating income was up 68% to a record $217m.

Building on solid Q1 figures, the half year results show a 26% sales growth to a record $2.99bn and a record operating income of $299m, up 71% on the same period in 2020.

Complementing its record organic growth, Watsco invested in future growth and expanded its network during the second quarter with the acquisition of Temperature Equipment Corporation and Acme Refrigeration of Baton Rouge. 

E-Commerce sales grew substantially in the second quarter, up 28% compared to Q2 in 2020, taking annual internet sales to over $1.7bn.

Latest News

20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise. 
20th February 2024

Oceanair acquired by builders’ merchant MKM

UK: Air conditioning and heat pump distributor Oceanair UK has been acquired by MKM, the independent builders’ merchant.
20th February 2024

Carrier to build factory and R&D facility in Saudi Arabia

SAUDI ARABIA: Carrier is to build an advanced manufacturing and R&D facility in Saudi Arabia in a partnership with Alat, a new Riyadh-based public investment fund company.
19th February 2024

BDN offers high level monitoring

IRELAND: The first installation of Bitzer’s Digital Network (BDN) in Ireland is providing high-level monitoring, system diagnostics and optimisation for an award-winning deli food specialist.
19th February 2024

Manchester receives heat pump training boost

UK: Daikin UK in partnership with the Green Skills Academy is to deliver the first heat pump training programme for college tutors and staff at nine Greater Manchester colleges.