ASA Distributor Members Continue to Report Strong Sales Growth Despite Inflation

Respondents reported a median sales increase of 23.5% for August 2022 versus 2021.
August 2022 results reflect another month of solid performance compared to the same month a year
ago. Median calendar year-to-date sales growth of 21.8% was reported by respondents. For the Trailing
Twelve Months ending in August 2022, respondents again reported strong sales growth of over 20%.

Industry Insights, which produces the ASA monthly sales report for ASA distributor members, says that
given the current high inflationary environment, the year-over-year comparisons should be viewed with
caution. For instance, on a month-to-month basis, respondents reported a more “modest” sales growth
of 14% for August 2022 vs. July 2022.

Nonetheless, it is encouraging that half of the respondents reported TTM sales growth between 16.2%
to 26.7%. Inventory jumped 27.8% for August 2022 vs. August 2021. The median Three‐Months Average
Days Sales Outstanding jumped from 40 days for July to 42 days in August.

“August was another strong month of significant sales growth (23.5% vs. prior year and 14% vs. prior
month). The backdrop of inflation and the Fed rate hikes to slow the economy continue to create an
operating environment of cautiousness. This cautious approach will continue to permeate across most
industries through the end of the year given the uncertainty of when the Fed will begin to taper its
tightening monetary stance.” said Greg Manns, senior vice president at Industry Insights.

Source: www.phcppros.com

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Drake Wills Plumbing

We're here to help.

We’re dedicated to giving our customers the kind of service they expect—and deserve—when it comes to plumbing. We provide a complete range of services, from simple repairs and maintenance to major system upgrades. Whether you’re ready to make an upgrade or you need to fix that leaky faucet once and for all, drop us a line; we’d love to hear from you.

M-F: 8am-5pm | S-S: Closed