MDM-Podcasts-launch
Need Help? (888) 742-5060

In The News:

Sales Grow 3.6% for HARDI Distributors in November

Heating, Air-conditioning and Refrigeration Distributors International reported 3.6 percent sales growth for November 2013. The growth rate appears modest, but only one of the seven reporting regions appears to be experiencing a recognizable slowdown. This month had one less billing day than the prior year, which experienced 6 percent growth.

“HARDI Distributors are continuing to show stable growth,” said HARDI Senior Economist Andrew Duguay. "November’s annual growth rate inched up to 6 percent from 5.9 percent in October. It was a challenging comparison for the Mid-Atlantic region because the prior year experienced 20 percent growth after Superstorm Sandy. The Western Region has cooled off significantly in the past two months.”

“The TRENDS report indicates inventory levels are under control,” said HARDI Market Research and Benchmarking Analyst Brian Loftus. “Inventory growth has lagged sales growth in virtually every region the past few months except for one.” The Days Sales Outstanding, a measure of how quickly customers pay their bills, increased for a second consecutive month from the levels achieved in August and September. “The DSO increase is consistent with the normal seasonal pattern and is not inconsistent with the sales growth,” said Loftus.

November through February is traditionally a slow period in the branches but the invasion of the polar vortex could alter that pattern this year. The bigger concern is the health and progress of this sluggish recovery for the rest of the new year.  Alan Beaulieu and Duguay of ITR Economics will present their economic outlook to HARDI members during a webinar Friday, January 17.

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.

 

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>


MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center