Saturday, April 30, 2016 2:08:44 AM
"Williams now offers more fan coil sizes and configurations than any other HVAC company in all of the United States."
http://www.williamscomfortprod.com/about-us/since-1916/
This fan coil info is relevant to commercial building and especially lodging industry here in the US.
Here's a bit of info on hotels and their outlook-
http://www.hotelnewsresource.com/article84973.html
"Also in 2016, demand growth (+2.2%) is once again expected to be higher than supply growth (+1.4%). Demand growth in the U.S. has outpaced supply growth in each year dating back to 2010.”
Airbnb and others have definitely crimped hotel expansion/build rate to some degree the last several years but there's still a good foundation of increased demand and seems domestic demand has outpaced supply since 2010, quite possibly because of hotel chains being cautious with expansion given rising competition with the Airbnbs and vacation share rentals of the world.
So CUO's expansion of fan coil production line in 2016 makes sense to keep up with current demand and with potentially an outlook for hotels to start building more frequently to meet pent up increased demand in US markets (given demand has outpaced supply every year since 2010).
I'm not invested in CUO for the HVAC side of business all that much but figured I'd mention the fan coil side of biz since they're going to be expanding a little bit and Williams is the leader in size and configuration for fan coils domestically.
Currently, fan coils only do about $3+ mill revs per quarter (less than 10% of annual revs for CUO in 2015) but they aren't as seasonal as other lines so provide some revenue and earnings stability thruout the year for HVAC and also the $3 mill revs per Q number should rise once expansion finishes up as long as demand is there.
CUO also is pretty much made in the USA across the board with their domestically located facilities in all biz segments. :)
CUO trades about $10 per share under tangible book value too right now.
Hopefully that starts changing as people start realizing the turning point the company is finally going through and how far out that turn might lead.
All IMO only. Good luck all.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
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