PORTLAND, Ore. — Johnstone Supply Inc. has reached $2 billion in annual sales. The company, founded in 1953, has a long history of growth and leadership in the HVACR industry. In 1981, the company was converted into a member-owned cooperative with 32 locations and annual sales of $28 million. Today, the 102 members of the cooperative operate 410 locations, supported by six regional distribution centers, with annual sales of $2 billion.
There have been a few changes since you became involved with APR Supply Co. You are now its president and CEO. Please give us some background on the company, how you first became involved and where the company is today.
MIAMI, Fla. — Watsco, Inc. (NYSE: WSO) reported record results for the second quarter and six months ended June 30, 2017. The results reflect continued investment in a variety of technologies to revolutionize Watsco’s customer-experience, create a data-driven culture, to empower more insightful decision-making and enhance productivity and operational efficiency.
DOWNERS GROVE, Ill. — Neuco, Inc., a Master Distributor of HVACR controls, announced an exclusive ‘Trip to Chicago’ Cubs Rooftop contest promotion with Honeywell.
MIAMI — Watsco Inc. has announced its board of directors has approved a 19 percent increase in its annual dividend to $5.00 per share on each outstanding share of its Common and Class B common stock. The increase will be reflected in the company’s next regular dividend payment beginning in July 2017.
Grainger recently held its annual shareholder meeting in Lake Forest, Illinois. Grainger Chairman Jim Ryan presided over the meeting and Chief Executive Officer D.G. Macpherson provided an update on the state of the business and offered a recap of 2016 full-year and 2017 first-quarter performance.
Johnson Controls celebrated the grand opening of its newest Source 1 HVAC Supply Center in Fort Smith, Arkansas, on April 11. Source 1 is the exclusive supplier of factory authorized service parts and residential accessories for all Johnson Controls Unitary Products residential and light commercial HVAC equipment. The company also offers a variety of universal HVAC parts, supplies and accessories from many manufacturers.