HARDI Distributors Report 21.7 Percent Revenue Increase in October
The average annualized growth for the 12 months through October 2018 registered at 10.9 percent
COLUMBUS, Ohio — Heating, Air-conditioning & Refrigeration Distributors International (HARDI) members’ average sales increased 21.7 percent in October, according to the association’s monthly TRENDS report. The average annualized growth for the 12 months through October 2018 registered at 10.9 percent.
“October was another exceptional month for HARDI distributors,” said Brian Loftus, market research & benchmarking analyst, HARDI. “Cooling season began with 20 percent sales growth in May and now heating season is off to an impressive start. The strong report reflects an extra billing day, cool temperatures across much of the country, and price increases that have been pushed through the channel this year.”