HARDI Distributors Report 5.6 Percent Revenue
Increase in April.
Heating, Air-conditioning & Refrigeration Distributors
International (HARDI) released its monthly TRENDS
report, showing average sales for HARDI distributor
members increased by 5.6 percent in April 2017.
The average annualized growth for the 12 months through
April 2017 was 8.4 percent.
“April is the tail end of heating season in some parts
of the country and the start of cooling season in other
parts,” said HARDI Market Research & Benchmarking
Analyst Brian Loftus. “Wherever HARDI distributors were
located, they had one less billing day this month and
produced results consistent with a healthy market.”
“The US Remodeling Market Index reached 58.3 in the
first quarter, up 7.0% from the first quarter of 2016
and the highest mark since mid-2015,” said HARDI Senior
Economist Connor Lokar. “Along with the 6.7%
year-over-year improvement of US Private Home
Improvement Construction spending to a record $159.7
billion, it is a good economic environment for HARDI
members.”
The Days Sales Outstanding (DSO), a measure of how
quickly customers pay their bills, is over 50 days. “The
DSO increase through the year is consistent with the
normal seasonal pattern,” said Loftus. “The current
level is higher than this time last year, but lower than
the 2015 level.”
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