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INDUSTRY NEWS
ASA members report growth, inventory building
ChiCAGO— For the 10th consecutive month, American supply Association members have reported growth, showing a 12.1% rate of growth in per day workday revenues for the month of February 2011 as compared to the same month in 2010, up 1.9% as compared to 2009 and down 6.7%
as compared to 2008. Plumbing, heating and PVF distributors are up 11.4% ytd and 6.6% on a rolling 12-month basis. Gross profit margins are about
the same as compared to last year, and there remains no clear distinc- tion on margin trend based upon
size of distributor. inventory rebuilding continues for
the fifth consecutive month, with a 3.6% growth in February; although inventory values are still down 5.2% as compared to 2009 and 10.1% as compared to 2008. this rebuild fol- lowed 20 consecutive months of de- clining inventories. this leaves distributors with improved inventory turns in each of these time periods across the industry. days sales outstanding at 47.5 days
•THE WHOLESALER® —MAY 2011
also has improved to the best point since records have been kept, going back to 2009. this is a 3.5-day im- provement over 2010. With relative even gross profit
margins and employment, the bot- tom line for distribution is better than 2010. For a full report, which contains a
breakdown by regions of the country, market segment and distributor size, contact Chris Murin at 312/464-0090 or
cmurin@asa.net.
A. O. Smith participates in ‘Extreme Makeover’
AshlAnd City, tenn. – A. O. smith Water Products Company recently donated a 120-gallon solar storage tank to the hurston family’s home, a
Cocoa Beach, Fla., project of Ex- treme Makeover: Home Edition. “having recently contributed to the
local efforts of Extreme Makeover: Home Edition for the nashville build, A. O. smith was pleased to be a part
The 120-gallon solar storage tank donated by A. O. Smith will provide efficient water storage.
of the Cocoa Beach project and to make a difference for the hurston family and their new home,” said david Chisolm, brand manager for A. O. smith Water Products. “As a company that values philanthropic in- volvement and charitable giving, we enjoy giving back to the communities we serve.” the hurston family’s previous
itable relief effort. thanks to Extreme Makeover: Home Edition and gener- ous companies like A. O. smith, the family will now enjoy a 3,400- square-foot, eco-friendly home. some of the home’s various green
home and belongings were destroyed two years ago, due to a burst water pipe, while they were away on a char-
See contact information on page 102 • Be sure to visit
www.thewholesaler.com for web exclusive articles and videos! •
innovations include solar hot water, solar electric, energy-saving insula- tion, led lights and a high-efficiency heating and air conditioning unit, among others. the 120-gallon solar storage tank donated by A. O. smith will provide efficient water storage for all of the hurston family’s essen- tial water heating needs. Visit
www.hotwater.com.
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