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 12.2 Percent Revenue Increase in November

HARDI Distributors Report 12.2 Percent Revenue Increase in November

January 2, 2019
No Comments
HARDI November Trends

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 12.2 percent in November 2018. The average annualized growth for the 12 months through November 2018 is 11.1 percent.

“Furnace season is off to a great start,” said HARDI Market Research & Benchmarking Analyst Brian Loftus.  “October was colder than the prior year in every region. That happened again in November when heating degree days exceeded normal in six of our seven economic regions.”

“HARDI sales still looked outstanding entering into the winter months,” said HARDI Economist Paul Hallmann. “Despite recent volatility in equity markets, economic fundamentals remain strong.

“We’ll be keeping a close eye on the actions and remarks of the FED in the coming months, as continued equity market volatility will lead to downside risk on consumer and business confidence, as well as on economic activity in general,” Hallmann continued. “However, November confidence numbers remained strong for both consumers and businesses.”

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, is now over 48 days. “The DSO is up from the summer lows and that is consistent with the normal annual pattern,” said Loftus. “Forty-eight is a little higher than last year, but we expect the ratio to remain in the 47 to 49 range the next couple months.”

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 HVAC Industry Community News Trends Wholesalers & Distributors
  • Related Articles

    HARDI Distributors Report 12.2 Percent Revenue Increase in February

    HARDI Distributors Report 12.2 Percent Revenue Increase in February

    HARDI Distributors Report 3.6 Percent Revenue Increase in November

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

Report Abusive Comment

Most Popular

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

  • Everything You Wanted to Know About Orangeburg Pipe (But Were Afraid To Ask)

  • Vote Now! Plumbing Design of the Year: A Readers’ Choice Award

  • The Basis for Most Plumbing Codes

Featured Video

General wire march vid

Gen-Eye X-POD Plus Testimonial - Michael Williams, Just Drains LLC

Industry Events

  • 21Mar

    NFMT 2023

    Baltimore, MD
  • 26Mar

    MCAA 2023 Annual Convention

    Phoenix, AZ
  • 29Mar

    2023 SFPE European Conference & Expo

    Berlin ,
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