The Latest Breaking News from HVAC

Rising demand for efficient and automated HVAC systems to improve indoor air quality and help industrial clients achieve their ESG goals helped the industry's sales last year. Moreover, rising investments in manufacturing sustainable HVAC systems should benefit Carrier Global (CARR) and Lennox International (LII). But which of these stocks is…

Carrier Global Corp (NYSE:CARR) reported fourth-quarter FY21 sales growth of 11.7% year-over-year to $5.13 billion, 11% on an organic basis, beating the consensus of $4.83 billion. Sales by segments: HVAC $2.73 billion (+16.9% Y/Y), Refrigeration $1.09 billion (+14.9% Y/Y), and Fire & Security $1.43 billion (+2.4% Y/Y). The operating margin for the quarter…