Market commentary Aug 2019 Verified
Mixed Residential HVAC Performance
Regal Beloit's Climate Solutions segment saw slightly positive residential HVAC growth, though it was negatively impacted by cool weather and account pruning.
“The result was an organic sales growth rate of 2.3% driven by the positive impact from the FER pre-buy and slightly positive residential HVAC growth which was negatively impacted by the cool weather in the quarter.”
Entities
HVAC Sentiment: Mixed
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.