Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing the average sales performance by HARDI distributors was increase of 4% percent during February 2023..
The sales growth for the 12 months through February 2023 is 16.1% percent...
it has not been indicator of market direction, said HARDI Macroeconomic & Residential Market Analyst Brian Loftus..
By being compared to strong, The sales growth this month was challenged27.5% gain during February 2022 and the degree days during February 2023 were well below in four of our seven regions...
The Days Sales Outstanding, measure of how quickly customers pay their bills, remains in the 43-day area..
The COVID uncertainty squeezed the annual sales growth to the low single-digits pace during most of 2020 before it took off towards more than 20% during 2021 where it remained for more than year, said Loftus..
One ago Fed started to put the brakes on the economy and our annual sales growth reflects that effort.
HARDI is the single voice of distribution within HVACR industry.
HARDI members market, distribute, and support heating, air-conditioning, and equipment, parts and supplies.
HARDI represents more than 460 distributor members representing more than 5,000 branch locations, and close to 500 supplier, manufacturer representative and service vendor members.
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