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
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webinars
    • AHR Live 2023
  • PODCASTS
  • DIGITAL EDITIONS
Home » HARDI distributors report 3.6 percent revenue increase in October​

HARDI distributors report 3.6 percent revenue increase in October​

December 3, 2015
No Comments
Michael Meier hands over the HARDI presidency to Tom Roberts during HARDI’s annual conference closing reception.

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 3.6 percent in October 2015.

The annualized growth through October 2015 is 6.0 percent. This is roughly the midpoint of the annual growth rate range from 5.1 percent to 7.3 percent.

“October had one less billing day than last year,” said Brian Loftus, HARDI market research and benchmarking analyst, “and that is about the only similarity across the seven economic regions. The Southwest and parts of the Southeast experienced severe rain and flooding; the West had double-digit growth on top of a strong prior year while the Central region had flattish sales versus a low-single-digit prior year.”

“Industry trends are shifting in a more negative direction and aligning with deceleration in the overall economy,” said Connor Lokar, HARDI senior economist. “U.S. Refrigeration and HVAC Equipment New Orders contracted 3.7 percent in the third quarter versus the third quarter of 2014. HARDI members will be experiencing more sluggish months in the near term before macroeconomic and industry level acceleration takes hold next year.”

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, is now at 45.7. “There is no sign of customer stress in the recent DSO trends,” said Loftus. “The DSO is a bit faster than it has been this time of year recently and inventory levels appear to be back to normal after the cooling season sales worked through the bulge from regional standards pre-buy.”

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.

Industry Community News Wholesalers & Distributors
  • Related Articles

    HARDI Distributors Report 3.6 Percent Revenue Increase in December

    HARDI Distributors Report 3.6 Percent Revenue Increase in November

    HARDI Distributors Report 2 Percent Revenue increase in October

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular

  • SLB Announces Newmans Valve as NEWCO Valve Supplier for Western Hemisphere

  • Duravit Announces New Hires and Promotions

  • PVF Roundtable Annual Golf Tournament Registration Now Open

  • Chicago Plumber’s Union Dyes Chicago River Green for St. Patrick’s Day 2023

Featured Video

Caleffi video thumb

The Gold Standard: Separation with NO Compromise

Industry Events

  • 26Mar

    MCAA 2023 Annual Convention

    Phoenix, AZ
  • 29Mar

    2023 SFPE European Conference & Expo

    Berlin ,
  • 11Apr

    ASA ELEVATE2023

    Charleston, SC
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw03 2023 cover
    Learn More
  • Pe03 2023 cover
    Learn More
  • Phc03 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