HARDI Distributors Report 8.7% Revenue Decline in March

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report, showing sales by HARDI distributors declined by 8.7% during March 2024.

The annual sales growth for the 12 months through March 2024 is a decline of 0.3%.

The Days Sales Outstanding, a measure of how quickly customers pay their bills, was near 41 days during March as it was during March of 2023. “41 this month was comparable to March of 2022 and better than March of 2021 and 2022,” said HARDI Macroeconomic & Residential Market Analyst Brian Loftus. “There has been a lot of market headwinds during the past twelve to eighteen months, but not enough to compromise dealer’s bill paying ability.”