HARDI Distributors See 4.8% Sales Drop in May

Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report on July 6. The report showed member distributors saw sales fall 4.8% in May 2026 compared to May 2025. May 2026 had one fewer billing day than the previous year. HARDI estimates sales would have been roughly flat with equal billing days. Annual sales growth for the 12 months ending May 2026 held at 2.6%.
A soft start to cooling season could mean slower equipment turns and tighter margins through summer.
Review your inventory levels and adjust equipment orders based on actual service calls rather than seasonal projections to avoid tying up cash in stock that may sit longer.
Key Takeaways:
- HARDI distributor sales dropped 4.8% in May 2026 year-over-year
- One fewer billing day accounts for most decline; adjusted would be flat
- Rolling 12-month sales growth through May 2026 is up 2.6%
Source: Heating, Air-conditioning & Refrigeration Distributors International