CHICAGO and TORONTO - October 16, 2013 - WarmlyYours Radiant expects a strong fourth quarter after posting a record 25% increase in overall sales for the quarter ending September 30, 2013, as compared to the third quarter of 2012. Sales for the month of September were up 39% over the previous year. These results are especially significant considering that the summer months are typically the slowest for the radiant heat industry. With such dramatic growth so early in the season, WarmlyYours predicts extremely strong sales going into 2014.
Julia Billen, president and owner of WarmlyYours Radiant, attributes the increase to changes made by the company to withstand the recession, as well as the ongoing recovery in housing industry. “Not only is the market rebuilding, but we are able to capitalize on that because of the measures we took to strengthen the company during the recession,” said Billen. “Coming out of the recession, our internal machinery is much more focused on sales and marketing.”
WarmlyYours Radiant has remained profitable throughout the recession, despite the slowdown in the construction industry. As the market recovers, the company is well positioned to take advantage of the growth in new construction and home renovations. The 39% increase in September sales corresponds to continued strength in the remodeling market, particularly in the number of kitchen and bathroom projects, throughout 2013 and into 2014, as predicted by the Leading Indicator of Remodeling Activity (LIRA) published by Joint Center for Housing Studies of Harvard University. Strong consumer demand for tile and stone surfaces is driving interest in radiant heat solutions.
WarmlyYours Radiant showed substantial sales gains in the U.S. across its major product lines: floor heating, snow melting systems and towel warmers. The company reported an 18% increase in overall sales in Canada for the third quarter of 2013, as compared to third quarter sales for 2012, with floor heating and towel warmers fueling the growth in that market.
About WarmlyYours Radiant Heating
Since 1999, WarmlyYours Radiant has offered the industry’s most innovative solutions in radiant heating technology, from our flagship floor heating systems and radiant wall panels to snow melting products, mirror defoggers and towel warmers. With locations in the U.S. and Canada, WarmlyYours provides unrivaled personalized customer support from start to finish, featuring measuring and design services, 24/7 technical support, and our NoNonsense™ Warranty. For more information, visit: www.WarmlyYours.com.