ASA’s 2024 Operating Performance Report: The PHCP-PVF Benchmarking Gold Standard for 40+ Years

The American Supply Association's 2024 Operating Performance Report (OPR) stands as an indispensable resource, delivering extensive insights into the industry's performance metrics and operational benchmarks. The 2023 study unearthed pivotal data, illuminating prevailing market trends, and equipping participants with the knowledge needed to forge ahead with confidence.

The 2023 OPR explored the fiscal performance of 2022, a year marked by the U.S. economy's robust expansion. Participants in the ASA OPR recorded an impressive 16.7% surge in sales, with each industry segment enjoying consecutive years of double-digit growth. Specifically:
 

• Plumbing Supply Firms saw a 15% increase in sales, compared to 18% in 2021.
• PVF Firms celebrated a 30% sales boost, up from 18% the previous year.
• Combined Plumbing Supply & PVF Firms enjoyed a 15% uplift, albeit down from a 22% rise in 2021.
• HVAC & Other Firms reported a 16% growth, a slight dip from 2021's 22% increase.

The ASA Monthly Sales Report for December paints a different picture for 2023, with a modest annual sales growth of 2%. This deceleration from 2022's robust expansion underscores the critical importance of scrutinizing operational efficiency and expense management to bolster profitability in changing times. Offering more than 120 financial and operational data points, the OPR is an essential benchmarking tool that aids in thorough business analysis.
 

As we gear up for the 2024 study, the ASA earnestly invites your participation. Your involvement is crucial for crafting a report that not only mirrors the industry's current landscape but also serves as an invaluable instrument for your strategic planning endeavors. This is a unique opportunity to benchmark against peers, identify areas for improvement, and set a course for future success. If you are interested in contributing to this vital industry resource can register and submitting data, please email bbaresel@asa.net.
 

By Brianna Baresel
bbaresel@asa.net