Newsline / News

HARDI Lauds Distributor Growth

COLUMBUS, Ohio — Heating, Air-conditioning, and Refrigeration Distributors International (HARDI) announced U.S. HVACR average distributor sales for April 2012 were up 8.3 percent. HARDI’s Monthly Targeted and Regional Economic News for Distribution Strategies (TRENDS) report showed growth in six of seven U.S. regions; three in double-digits.

“April marked the fourth consecutive month of an improving annual growth rate,” said Andrew Duguay, HARDI economist. “The 3.5 percent average annual growth reported by members was the highest since November 2011. The 8.3 percent average improvement in sales over April 2011 was also a promising sign for the industry, suggesting that the modestly improving consumer spending and commercial and residential construction trends are having a positive impact on equipment and parts sales. Notably, this is the first spring season that all three of these sectors have been expanding since 2006.”

Days Sales Outstanding (a measure of how quickly customers pay their bills) crept up for the eighth time in nine months, increasing to over 53 days. Distributor productivity reflected by sales per employee expanded on last month’s emphatic turnaround by growing another 3.5 percent.

“The gap between the highest and lowest performing regions widened significantly this month, helping to explain why it seemed like every distributor we talked to was having a different kind of April,” said Talbot Gee, executive vice president and COO, HARDI. “That being said, only one region was down, and our annual growth rate and inventory levels continue to inch up, further supporting our bullish outlook for 2012.

“Distributors’ unitary sales continued their strong start to 2012’s season up double-digits from last April, including another month of growing R-22 unit sales.”

Publication date: 7/2/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

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

Multimedia

Videos

Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.

Podcasts

NEWSMakers: Mark Crockett
Mark Crockett vice president, Crockett Facilities Services, explains the importance of technician training, the value of being a top minority-owned company in the U.S., current projects the company is managing, and much more. Posted on April 24.
More Podcasts

ACHRNEWS

NEWS 04-20-15 cover

2015 April 20

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Global Warming

Do you believe in man-made global warming?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con