A pair of recent investor presentations provided a positive outlook for the HVAC business this year and into the near future. Trends in everything from sustainability to home ownership are moving in a positive direction for the industry.
The residential market has been the strongest performer since the pandemic started, and executives at Lowe’s Companies Inc. foresee that continuing. CEO Marvin Ellison new-home stock will take several years to grow to meet demand and more than half of the homes in the U.S. are more than 40 years old. That creates a strong market for repair and replacement of HVAC systems and other components.