A half-dozen major HVACR manufacturers achieved strong financial results in the second quarter even as they navigated supply-chain issues, COVID-19-related lockdowns in China, and inflationary pressures.
Modine Manufacturing Co., AAON Inc., Emerson Electric Co., Trane Technologies, and Lennox International Inc. all reported sales or revenue growth for the quarter that ended June 30, compared to the second quarter of 2021, while Carrier Global Corp. reported a 4% dip in sales, to $5.2 billion. But, not counting sales lost because of the divestiture of Chubb Fire & Security, a former Carrier subsidiary, sales were up 7% from the same quarter a year ago, the company said.