American Standard Companies Inc. (Piscataway, NJ) has announced its second quarter earnings of $1.63 per diluted share, up 10% from $1.48 a year ago. Net income increased 11%.
A.O. Smith Corporation (Milwaukee, WI) has announced second quarter net earnings of $10.7 million or $0.45 per share. Earnings were in range of company and analyst estimates, but lower than the recorded earnings of $0.74 per share in the second quarter of 2000.
Thermo Manufacturing Inc., (Canton, OH) has purchased the Hexdall Hanger Company (Aurora, IL), manufacturer of patented ductwork hangers, including straight and twisted square duct hangers and Adjust-A-Bar hangers.
Plans by Maytag Corp.Amana appliance businesses from Goodman Global Holding Co. Inc., have been approved by antitrust enforcers at the U.S. Justice Department. The cost of the two businesses totals $325 million.
DryKor, Inc. (Atlanta, GA) has introduced an extended warranty program. The offering will provide a full, five-year parts and labor warranty coverage for $500 per year after the first year’s warranty coverage. The warranty can be extended on a yearly basis for a total of an additional four years. For more information, go to www.drykor.com (website).
Modine Manufacturing Company (Racine, WI) has reported its 30 days of combined financial results following its April 27 acquisition of Thermacore International Inc. Consolidated sales for the 30-day period were $91.2 million and net earnings were $3.5 million.
The Heatcraft Refrigeration Products Facility (Tifton, GA) was recently named one of 25 finalists for Industry Week magazine’s 2001 Best Plant Award. Heatcraft is a subsidiary of Lennox International Inc. (Richardson, TX).
John H. Leavey Manufacturing, Inc. (Fulton, NY), a manufacturer and distributor of specialty tools for hvac, has changed its name to JHL Supply. For more information, call 800-537-1339 or visit www.hvactool.com (website).
Mueller Industries Inc. (Memphis, TN) announced results for the second quarter and six-month period ended June 30, 2001. Earnings for the three months ended June 30, 2001, were $0.56 per diluted share compared with earnings per diluted share of $0.78 for the same period a year ago. Net income for the second quarter was $20.8 million, compared with $29.8 million for the second quarter of fiscal 2000. Net sales for the three months ended June 30, 2001, were $286 million compared with net sales of $337.5 million for the comparable 2000 period.
In this issue of The NEWS, we present the Residential Heating Showcase, featuring the latest heating equipment to hit residential HVAC. We also discuss developments in the tools and test instruments market.