ASA distributors report June sales growth
ASA’s Monthly Pulse shows member distributors reported a median sales increase of 5.4%. For the calendar year-to-date respondents reported a median sales growth of 7.2% and for the trailing 12 months ending June 30, respondents reported a median sales growth of 7.3%.
Inventory rose 6.8% for June 2018 vs. 2017. The median three-months-average days sales outstanding decreased to 43 days in June. Nearly 48% of the participants reported an increase in gross margin percentages for June 2018 vs. 2017.
Company year-to-date profit before tax increased for 59% of respondents. More than half (59%) of respondents reported having more full-time-equivalent employees vs. a year ago.