Growth continues, but at slower pace for ASA members
Compared to 2010, improvement is up 15.2% for June and 16.5% for the second quarter; and compared to 2009 there was an 18.4% increase for June and 29.9% for the quarter. Plumbing, heating and PVF distributors also were up 8.6% in the second quarter in a trailing 12-month basis.
In other reports:
Days Sales Outstanding decreased for the second-straight month, the third decline in the last 10 months.
A-D Plumbing and PVF sales increased by 13% in the first half of 2012 on a same-store basis from $2.8 billion to $3.1 billion.
Total revenue of wholesale distributors grew 13.2% to $4.7 trillion in 2011, showing a continued growth to regain market share after the recession. The wholesale distribution industry is forecasted to grow by 6.8% in 2012, according to MDM’s reports.