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A half-dozen major HVACR manufacturers achieved strong financial results in the second quarter even as they navigated supply-chain issues and other obstacles.
“This year got off to a 4.4 percent start, which looks pretty good when you realize it is being compared to a month [January 2018] that had a 19.4 percent gain.”
“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 9.8 percent annual sales growth is the best annual pace since eight years ago, when we began to move beyond the Great Recession,” said Brian Loftus, market research and benchmarking analyst, HARDI.