With just a few weeks left before the end of the year, HVACR distributors are turning their attention to 2018. Many distributors report a successful 2017. Heating, Air-conditioning & Refrigeration Distributors International (HARDI) cited the weather as a major factor behind its member sales in its Targeted & Regional Economic News for Distribution Strategies (TRENDS) report with fewer cooling days and two hurricanes in the summer and fall, respectively. With a colder and wetter winter weather outlook per the National Weather Service, 2018 is forecast to be a year of opportunity for distributors.
“2018 is shaping up to be a very productive year for wholesalers,” said Herb Woerpel, editor-in-chief, Distribution Center magazine. “Distributors are excited to benefit from a new tax code that hopefully includes a significantly lower corporate tax rate; a phasedown of the estate tax; the inclusion of the Last-in, First-out accounting method; and more.