Commercial demand for HVAC equipment grew in Q3, while residential sales fell, due to consumer uncertainty, cooler weather, and the lingering effects of the refrigerant transition.
Mid-single digits ruled October price moves, but outliers hit hard—Jones Stephens up to 25%, ICM up to 18%, and Easyflex up to 14%, with copper’s +5% setting the tone.
American Equipment Services' made-in-the-U.S. products, which include HVAC equipment, are used in a variety of end markets, including infrastructure, industrial manufacturing, technology, oil and gas, and the rental market.
Tariffs on Canada were raised to 35%, although goods covered under the United States-Mexico-Canada Agreement (USMCA) — including HVAC products — are exempt.