PCHP industry survey reveals another year of sales growth.
[Editor’s note: In order to provide the most accurate listing possible and to limit the amount of company estimations, Supply House Times shortened the Premier survey to 125 companies.]
The recovery continues.
For the second consecutive year, Supply House Times’ Premier survey reveals an increase in sales made by PCHP companies. The annual survey, conducted by Supply House Times and BNP Media Market Research, ranks the Top 125 PHCP wholesalers by their sales from the past year. The 2012 survey is based on sales for fiscal 2011. Individual company sales are not disclosed.
The 2012 Premier survey shows 80% of companies reported an increase in sales, compared to 75% of responders to the 2011 survey. This year’s survey participants generated nearly $43 billion in total sales in 2011.
“I predict that this recovery will continue in 2012 at a slightly elevated rate,” Wool Supply President and CEO and Southern Wholesalers Association President Randy Wool said.
“Sales continued to improve in 2011 with stronger growth recorded in the fourth quarter. We expect sales to grow at a stronger pace in 2012 as the Southeast’s business climate improves.” stated Kip Miller, president and CEO of Eastern Industrial Supplies
That optimism is backed up by American Supply Association’s final 2011 numbers. Its members closed out 2011 with an 8% increase in sales over 2010 and a 10.1% increase over 2009. Inventories for ASA members also grew 8% over 2010.