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HARDI Distributors Report 9.1 Percent Revenue Increase in July

 

COLUMBUS, Ohio — Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing average sales for HARDI distributor members increased by 9.1 percent in July 2015.

The annualized growth through July 2015 was 6.4 percent. This is the best annual growth rate of 2015 for HVAC distributors.

"The July result was helped by the unremarkable 0.5 percent prior year comparison," said Brian Loftus, HARDI market research and benchmarking analyst. "Regardless, 9.1 percent growth in a seasonally significant month is definitely helpful for HVACR distributors." Six of the seven regions reported positive sales growth -- four achieved double-digit growth rates.

The Days Sales Outstanding (DSO), a measure of how quickly customers pay their bills, is now at 48.

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 www.hardinet.org.