According to Barron’s The heating, ventilation, and air-conditioning (HVAC) business is rapidly becoming one of the most consistent end markets in the industrial universe. It’s also becoming an important environmental, social, and corporate governance (ESG) play, and it benefits from post-Covid back-to-work trends. Profits—and valuation multiples—are expanding.
While financial institutions and investors were once focused singularly on the creation of wealth, pressure to behave more ethically and responsibly has prompted firms to consider investments that serve ESP goals.
The integration of ESG in the corporate landscape has led to a culture of sustainable investing and products that are designed to meet sustainability goals, such as a reduction in carbon emissions and pollution, or the promotion of biodiversity.
Because of this trend, the four major HVAC manufacturers Lennox International, Trane Technologies, Carrier Global and Johnson Controls International have all reported strong calendar second-quarter earnings and are up on average of more than 40% this year.
Conair Corporation, www.theconairgroup.com, a New York City Metro based, publicly traded HVAC company, is uniquely positioned to take advantage of this growth trend that Covid and the industry is experiencing. Conair Corp has been a trusted name since 1963 for heating and cooling needs servicing commercial and residential customers. When our customers talk of Conair, they associate our name with expertise and honesty. Operating by these two valuable principles allowed us to gain a loyal client base including many Fortune 500 companies.
The Conair Group is a publicly traded company: https://www.otcmarkets.com/stock/CNGA/quote
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