Losses from continuing operations lessened for the diversified distributor.
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HVAC distributor reports a 1 percent decline in same-store sales for the year.
Excluding the recently divested Hussmann business, Ingersoll-Rand’s fourth-quarter sales were up 1 percent.
However, each U.S. region in the HARDI report ended 2011 in the positive.
The PVF distributor will now go under the name MRC Global Inc.
Growth occurred in four of eight North American regions, according to HARDI’s monthly TRENDS report.
Chief executive: Trading conditions may get tougher in coming months.
Despite increase in annual growth rate, signals continue to be mixed for HVACR markets.
Former Wolseley CEO Chip Hornsby will assume the CEO role at Morrison.
Acquisition expands Ferguson’s waterworks business.
The new wholesale supply store and retail bath showroom will carry an expanded product line for a broad range of customers.
Same-store sales grow 4%; HVAC equipment sees biggest increase.
Electrical and HVAC segments drove sales growth.
Excluding the divested Hussmann business, sales were up 7 percent in the quarter.
Wolseley disposed of several underperforming businesses during the fiscal year.
New Winnelson location will supply plumbing equipment, parts and accessories.
Don Stevens is a distributor of HVAC, foodservice and lodging equipment with seven locations.
But trends for HVACR distributors indicate tough fourth quarter.
SG Supply Co. is a distributor of plumbing products, water heaters, hydronic heating, and pipe, valves and fittings.
Loss for the diversified distributor lessens to $101 million for the quarter.
