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 2.9 percent revenue increase in April​

HARDI distributors report 2.9 percent revenue increase in April​

June 2, 2016
No Comments

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 2.9 percent in April 2016.

The annualized growth for the 12 months through April 2016 was 5.8 percent. The annual growth rate has remained near 6 percent since October.

“This April had one less billing day than the prior year,” said HARDI Market Research & Benchmarking Analyst Brian Loftus, “but the real reasons for the low single-digit growth rate for the month were cool temperatures and the extreme precipitation in the country’s midsection.”

“The soft growth for HARDI members in April is not surprising given the macroeconomic headwinds throughout the U.S. economy,” said HARDI Senior Economist Connor Lokar. “I was more surprised at member resiliency to this point as they cruised through the first quarter at an impressive clip.”

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, is now 49.6. “The Days Sales Outstanding will increase as sales increase with the busy season,” said Loftus. “The current rate is faster than prior years and is an indication of a fiscally fit customer base.”

Industry Community News Wholesalers & Distributors
  • Related Articles

    HARDI distributors report 4.9 percent revenue increase in April

    HARDI Distributors Report 22.3 Percent Revenue Increase in April

    HARDI Distributors Report 60.6 Percent Revenue Increase in April

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

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

  • Peterman Brothers Charity Showdown Supports Indianapolis-Area Community Organizations

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