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HARDI Reports 5.6 Percent Revenue Increase in February

 

COLUMBUS, Ohio — Heating, Air-conditioning and Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members increased 5.6 percent in February 2015 after the modest 2.3 percent gain in January.

The annualized growth was between 6 and 7 percent throughout 2014. It is currently close to that range, with the growth rate for the past 12 months just shy at 5.8 percent.

"The acceleration in February halted some of the downward momentum that had been building in the internal trends," said Danielle Marceau, HARDI's Senior Economist. "Annual member sales should be able to maintain at a fairly consistent pace."

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, began its normal seasonal ascent, approaching 50 days. "It generally increases during the first half of the year, but has been in the low 50s by now the past couple of years," said Loftus.

HARDI members do not receive financial compensation in exchange for their monthly sales data and can discontinue their participation without prior notice or penalty. Participation is voluntary, and the depth of market coverage varies from region to region. An independent entity collects and compiles the data that can include products not directly associated with the HVACR industry.

For additional information, visit hardinet.org.