Growth of 2.7% Reported in the Third Quarter

For the fifth consecutive month, the American Supply Association members have reported growth, showing a 2.4% improvement in per-workday revenues during the month of September 2010 as compared to the same month in 2009.  For the first time, the plumbing, heating and pipe, valve and fitting distributors are ahead of last year by 0.2%.  For the quarter, revenues grew by 2.7%. However, this is in comparison to the worst quarter in the history of the association keeping these records, when it reported revenues down by 19.9%.   This leaves the association in 2010 behind 2008 by 18% for the quarter and 16% year-to-date.  For a full report containing statistical evaluation by regions of the country, market segments and distributor size, companies should contact Chris Murin at cmurin@asa.net or 312.464.0090, ext. 204.

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