Market commentary Feb 2007 Verified
HVAC Market Impact from SEER 13 Legislation
Regal-Beloit's fourth quarter 2005 sales were abnormally strong due to the HVAC industry's adoption of SEER 13 legislation, creating a difficult comparison for Q4 2006 and Q1 2007.
“The fourth quarter comparison was impacted by strong sales reported in the prior year driven primarily by the volume impact of the HVAC industry’s adoption of the SEER 13 legislation.”
Entities
HVAC Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.