HARDI distributors report healthy sales increases

The Days Sales Outstanding, a measure of how quickly customers pay their bills, remained at 46 days.

American Petroleum Institute's Jack Gerard speaks to attendees at the winter PVF Roundtable meeting in Houston at the Westin Galleria. Photo by Mike Miazga/Supply House Times.

Heating, Air-conditioning and Refrigeration Distributors International released its monthly TRENDS report, showing average sales for HARDI distributor members increased 7.7% in November 2014. The annualized growth, the group noted, has been between 6% and 7% throughout 2014. It ends the year hugging the lower edge of the range at 6.1%.

The Days Sales Outstanding, a measure of how quickly customers pay their bills, remained at 46 days. Prompt payments delayed the normal seasonal DSO increase.

“Low oil prices are proving to be a boon for consumer spending and we expect this trend to continue through at least the first three quarters of 2015,” HARDI Senior Economist Danielle Marceau said.