UGI Disposes of HVAC Business

UGI Corporation reported a loss on the disposal of its HVAC business, as indicated in the non-GAAP reconciliation for the twelve months ended March 31, 2021. The adjustment suggests the divestiture occurred in a prior period.

“Loss on disposals of Conemaugh and HVAC (net of tax of $0, $0, $0, $0, $0 and $(15), respectively)”

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.