CURRENT ECONOMIC CONDITIONS

12 Months Ended

Dec. 28, 2019

CURRENT ECONOMIC CONDITIONS

CURRENT ECONOMIC CONDITIONS

11. CURRENT ECONOMIC CONDITIONS

The markets for products manufactured or fabricated by the HVAC and Door segments are expected to remain fairly constant compared with the 2019 levels although sales of fan coils in the HVAC segment are anticipated to grow as construction spending continues to increase during 2020. While general economic indicators are favorable for growth there are significant uncertainties around global trade and public health, particularly with COVID-19 impact uncertainties, which may adversely impact 2020 sales.

As has historically been the case, sales of all segments, other than the Door segment, are influenced by weather conditions.