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 3.2 Percent Revenue Increase in June

HARDI Distributors Report 3.2 Percent Revenue Increase in June

July 27, 2017
No Comments

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 3.2 percent in June 2017.

The average annualized growth for the 12 months through April 2017 was 8.5 percent.

“Many of us remember how hot it was last June,” said HARDI Market Research & Benchmarking Analyst Brian Loftus.  “June this year had almost 15% fewer cooling degree days than last year and much of the Southeast experienced a lot of rain.”

“Real GDP is doing well, US Industrial Production is strong, and consumers are doing well,” said HARDI Senior Economist Connor Lokar.  “Overall the US economy is firing on all cylinders.  The modest sales growth for the month reflects the weather, not a change of economic health.”

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, is near 48.5 days. “April and May are the high points for the annual DSO cycle,” said Loftus. “We should now stay less than 50 and approach mid-40s in the autumn when the temps get back to the mid-40s.”

Business Distributor Industry Community News Wholesalers & Distributors
  • Related Articles

    HARDI Distributors Report 22.1 Percent Revenue Increase in June

    HARDI Distributors Report 24.3 Percent Revenue Increase in June

    HARDI distributors report 15.9 percent revenue increase in June

  • Related Products

    CEU Webinar

    Directory Listing - Premium

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

  • Women in PHCP 2022

  • TDIndustries Kicks Off Safety Week with Helmet Rollout

  • 2022 Boiler Report: Focus on Meeting Demand

Featured Video

Rinnai video

Rinnai America Manufacturing Grand Opening

Industry Events

  • 16May

    EMERGE2022

    New Orleans, LA
  • 23May

    Eastern Energy Expo

    Uncasville, CT
  • 06Jun

    NFPA Conference & Expo 2022

    Boston , MA
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