Respondents to the American Supply Association’s monthly sales report experienced a median sales increase of 27% for February 2022 compared with February 2021. ASA represents distributors and their manufacturers and rep agencies serving the PHCP and PVF segments.
Sales growth was 4.5% compared with January 2022 totals, according to Industry Insights. Respondents reported calendar year-to-date sales growth of 25%. For the trailing 12 months ending February 2022, sales growth was 23.4%, representing price inflation. That trailing 12 months also includes closures or partial closures. February inventory also rose 38% year-over-year.
Industrial PVF distribution firm respondents showed a median sales increase of 33.5% for February 2022 vs. February 2021. Inventory also rose 32.93% for the same timeframe, while the three-month-average day sales outstanding decreased to 49.3. On a trailing-12-month basis, Industrial PVF respondents reported a median sales increase of 27.4%.