We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • PROS REPS
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • AHR Live 2023
  • PODCASTS
  • DIGITAL EDITIONS
Home » HARDI Distributors Report 9.7% Percent Revenue Increase in December

HARDI Distributors Report 9.7% Percent Revenue Increase in December

February 24, 2023
HARDI Distributors Report 9.7% Percent Revenue Increase in December.jpg

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing the average sales performance by HARDI distributors was an increase of 9.7% percent during December 2022.

The sales growth for the 12 months through December 2022 is 18.8% percent. 

“Ten percent growth is good, especially when you see this was being compared to 26.7% growth last December,” said HARDI Market Research and Benchmarking Analyst Brian Loftus. “The annual growth will remain under pressure because there are difficult comparisons through May.”

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, remains in the 43-day area. “The DSO this through November and December remains steady with recent prior year results,” Loftus said. “As our economy moves beyond these COVID distortions we expect the DSO to move higher towards the pre-COVID normal pace but that is not happening yet.”

Higher interest rates are having their intended effect, Loftus said. "Existing home sales are drifting lower and the pace of price increases is also slowing,” he said. “That growth rate line rolling over is the shape of the cycle turning.”

HARDI members do not receive financial compensation in exchange for their monthly sales data and can discontinue their participation without prior notice or penalty. Participation is voluntary, and the depth of market coverage varies from region to region. An independent entity collects and compiles the data that can include products not directly associated with the HVACR industry.

Associations Business Distributor HVAC Industry Community News Trends Wholesalers & Distributors
  • Related Articles

    HARDI Distributors Report 24.5 Percent Revenue Increase in December

    HARDI Distributors Report 21.4 Percent Revenue Increase in December

    HARDI Distributors Report 3.6 Percent Revenue Increase in December

Most Popular

  • Uponor Celebrates Grand Opening of New Experience Center

  • Avoiding Mistakes When Installing Non-Metallic Plumbing Systems

  • Carrier Launches New Indianapolis Technical Training Center to Address HVAC Technician Shortage

  • Building a Company Through Teamwork and the Next Generation

Featured Video

Dan video 4

Dan Foley on U.S. Boiler Company's Alta Boiler: Ease of Service

Industry Events

  • 05Oct

    PVF Roundtable TroutBlast Fishing Tournament

  • 08Oct

    2023 SFPE Annual Conference & Expo

    North Bethesda, MD
  • 09Oct

    2023 AD PHCP North American Meeting

    Phoenix, AZ
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw10 2023 cover
    Learn More
  • Pe10 2023 cover
    Learn More
  • Phc10 2023 cover
    Learn More
  • Es 2022
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2023 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing