HARDI Distributors Report 1.6% Revenue Decline in February

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report, showing sales by HARDI distributors declined by 1.6% during February 2025.

The annual sales growth for the 12 months through February 2025 is an increase of 3.8%.

“A sales decline is always a little disappointing, but this one is due to the one less billing day in February,” said Brian Loftus. “With the same number of billing days, we estimate there would have been sales growth of 3.3%. That is the sixth consecutive month of sales growth after adjusting for the same number of billing days.”

2024 was a Leap Year, giving February of 2024 an extra day of billing in comparison to 2025.