January had a modest sales increase, continuing growth following December’s spike.
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November sales decreased slightly, following an 11% increase in October.
The average HVAC contractor makes nearly 70% of its purchases through wholesale distribution, according to a HARDI Voice of Contractor survey.
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HARDI members reported an 11% increase in sales with expectations of continued growth if inflation and mortgage rates ease.
HARDI reports a revenue increase for distributors in June, despite fewer billing days compared to last year.
The figure was boosted by an additional billing day, but the month was still a considerable rebound when excluding that factor.
As distribution increasingly becomes the focus of state regulation and legislation, HARDI expands its advocacy efforts into state affairs.
For the year, member distributors saw overall 12-month sales decline by 0.3%.
The annual sales growth for the 12 months through September 2023 is 3.5%.
The annual sales growth for the 12 months through August 2023 was 5.7%, according to HARDI.
“May is one of the most important months of the year for AC sales at HARDI distributors and the weather was not helpful," HARDI officials said.
The U.S. Court of Appeals struck down provisions of the EPA's allocation rule that would ban the use of non-refillable cylinders.
The decline followed year-over-year gains of 6% in January, 4% in February and 0.7% in March, HARDI said.
The sales growth for the 12 months through February 2023 is 16.1% percent, according to a HARDI news release.
The two sides said they will explore ways to enhance participation for their membership bases’ involvement in talent and training programs.
HARDI distributors’ total sales growth in 2022 was 18.8%, according to the report.
The 12.2% sales growth was the slowest monthly increase since July 2021, said HARDI Market Research & Benchmarking Analyst Brian Loftus.
The average annual sales growth for the 12 months through September 2022 is 23.5% percent, HARDI announced.
Average annual sales growth by participants had been in the 24-25% range since January.
Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report reflecting the month of June.
