Consolidation trend Jul 2000
Four HVAC contractor consolidators trading on the NYSE
Four consolidated HVAC contractors had entered the New York Stock Exchange; Lipman notes publicly traded consolidators face quarterly-earnings pressure ill-suited to contracting cycles.
“Lipman has watched the entry of the four consolidated contractors on the New York Stock Exchange, noting that success for publicly traded companies depends on the relentless pressure of meeting quarterly earnings projections, rather than long-term growth.”
HVAC Sentiment: Mixed
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