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
  • BUYER'S GUIDE
  • DIGITAL EDITIONS
Home » HARDI Distributors Report 19.5 Percent Revenue Increase in August

HARDI Distributors Report 19.5 Percent Revenue Increase in August

October 4, 2016
No Comments

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 19.5 percent in August 2016.

The average annualized growth for the 12 months through August 2016 was 7.8 percent. The annual growth rate has been at 7 percent or more for three consecutive months after remaining within a narrow 6 percent to 7 percent range for most of the prior two years.

“An unusually strong report is usually the result of some special factors,” said HARDI Market Research & Benchmarking Analyst Brian Loftus. “Besides being much warmer than the prior year in much of the country during August, all of the country experienced two extra billing days versus August 2015.”

“Besides the billing day distortion, the report reflects the strong housing market,” said HARDI Senior Economist Connor Lokar. “Despite inventory constraints on the low-end, New Home Sales are doing quite well. New Home Sales over the last 12 months are up 10.6 percent from one year ago, and during the three months ending in July, sales accelerated 21.6 percent from the 2015 level.”

The Days Sales Outstanding, a measure of how quickly customers pay their bills, is now 42.3. “August has been the annual seasonal low for DSO,” said Loftus. “This report matches the prior year and indicates a sturdy market.”

Business Industry Community News Wholesalers & Distributors
  • Related Articles

    HARDI Distributors Report 15 Percent Revenue Increase in August

    HARDI distributors report 11.8 percent revenue increase in August

    HARDI Distributors Report 4.5 Percent Revenue Increase in August

  • Related Products

    CEU Webinar

    Directory Listing - Premium

  • Related Events

    DDI System Digital Commerce Webinar

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

Report Abusive Comment

Most Popular

  • GE Appliances Opens $70 Million High-Tech Water Heater Manufacturing Plant in Camden, South Carolina

  • ‘Three-quarters of our work is steam. We never leave Brooklyn.’

  • Women in PHCP 2022

  • 2022 Boiler Report: Focus on Meeting Demand

Featured Video

Bradley video

Bradley Industrial Solutions

Industry Events

  • 23May

    Eastern Energy Expo

    Uncasville, CT
  • 06Jun

    NFPA Conference & Expo 2022

    Boston , MA
  • 07Jun

    2022 NCWA Convention

    Columbus, OH
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw05 2022 cover
    Learn More
  • Pe05 2022 cover
    Learn More
  • Phc05 2022 cover
    Learn More
  • Es07 2020
    Learn More
Subscribe

More from PHCP Pros

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

Follow Us

© 2022 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing