HARDI Distributors See 4.8% Sales Drop in May

Heating, Air-conditioning & Refrigeration Distributors International (HARDI) released its monthly TRENDS report in July 2026. Distributor sales fell 4.8% in May 2026 compared to May 2025. Annual sales growth for the 12 months through May sits at 2.6%. HARDI's Senior Market Analyst noted May 2026 had one fewer billing day than May 2025. Sales would have been roughly flat with equal billing days.
The weak start to cooling season points to continued soft demand for replacement equipment. This occurs during what's typically a revenue-driving period for contractors.
Check your May sales against distributor trends. Adjust inventory orders for June and July if your numbers mirror the national decline.
Key Takeaways:
- HARDI distributor sales declined 4.8% in May 2026 year-over-year
- One fewer billing day accounts for most of the decline
- Annual sales growth through May 2026 stands at 2.6%
Source: HARDI (Heating, Air-conditioning & Refrigeration Distributors International)