HVACR average distributor sales for October 2011 were up 3.4 percent from the same month last year, according to the Heating, Air-conditioning and Refrigeration Distributors International. The organization also reported that this number was down from the previous month, which saw growth of 5.6 percent.
HARDI officials said October 2011 reversed
a seven-month decline in the annual distributor growth rate.
are trending slimmer compared to last year for an increasing number of
distributors, with 50 percent of companies reporting inventory levels lower
than last year, 46 percent reporting inventory levels higher and 4 percent
reporting level inventories,” said Andrew Duguay, HARDI economist.
also reported that November and December 2010 were strong sales months for most
HARDI members due to expiring tax credits. With this in mind, the growth rate for
upcoming surveys may be lower. However, he said that seeing October 2011
outpace October 2010 is a positive sign for the industry.
much in today’s economy, signals are mixed and our October report is no
different,” said Talbot Gee, HARDI executive vice president and COO. “Margin pressures are certainly intense this
year so I’ll be anxious to see our annual profitability survey mid-next year. We
still see 2012 as a year for strong growth, but only those right-sized and
optimized distributors will grow real profits.”