HVAC distributor sales dip in November
HARDI distributors saw a slight decrease in November revenue, compared to the previous year, according to a new report
Image: HARDI
HARDI distributors saw a one percent year-over-year revenue decline in November, according to a report released on Tuesday, encompassing over 400 distributors nationwide.
Why it matters: Distributor sales can be used as a general proxy for contractor sales.
Details: HARDI distributors’ sales fell 1.1 percent compared to November 2023, but the annual sales growth rate increased by three percent.
- “A sales decline could indicate a pause to our annual sales growth rate recovery, but not in this case,” said HARDI’s Brian Loftus.
The big picture: The annual growth rate of HARDI distributors’ sales has been positive every month since March 2024, when it bottomed.
- The company expects this trend to continue, with replacement demand showing promise this year.
Looking ahead: December’s sales figures will be released during the second half of February.
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