August 3, 2007

Interline Sales Grow 33.1% in 2Q

Companies, Facilities Maintenance (MRO), Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Interline Brands Inc., Jacksonville, FL, distributor of maintenance, repair and operations products, reported sales in the second quarter ended June 29, 2007, were up 33.1% over the same period a year ago.
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Sales for the quarter were $313.2 million. Average organic daily sales grew 4.2%.
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Though much of its overall growth was a result of the acquisition of AmSan in July 2006, Interline also reported strong sales performance in its facilities maintenance MRO businesses, which grew at 17.8%.
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The professional contractor business fell 9.6%, and Interline’s specialty distributor business sales declined 10.6% from the comparable period.
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We invested approximately $1 million during the quarter in organic growth initiatives. We added field …

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Kaman Sales Up 9.2% in 2Q

Companies, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Kaman Corp. reported sales for the second quarter 2007 were $320 million, an increase of 9.2% from the second quarter 2006. Profit was $10.1 million, an increase of 34.4%.
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In the first half of 2007, the company reported sales of $637.7 million, an increase of 8.1% over the same period last year. Profit was $20.1 million, up 50.2%.
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Aerostructures sales for the second quarter were $23.3 million, compared to $17.1 million for the second quarter of 2006. Segment net sales for the first half of 2007 were $48.5 million, compared to $34 million for the first half 2006.
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Fuzing sales for the second quarter were $24 million, compared to $14.6 million in the same period a year ago. The increase was due primarily to a significant increase in shipments of …

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Fairmont Supply Co. Buys Piping and Equipment Inc.

Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Fairmont Supply Company, Canonsburg, PA, distributor of maintenance, repair and operating (MRO) supplies, has acquired Florida-based Piping and Equipment Inc.
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Piping and Equipment Inc. is a pipe, valve and fittings supplier with eight locations in Florida, Alabama, Louisiana and Texas. As a wholly-owned subsidiary of Fairmont Supply, Piping and Equipment will continue to operate under its current name.
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The president of Fairmont Supply Company, Rich Layton, said: This acquisition supports our long-term business plan to strategically grow within key markets throughout the U.S.”
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Fairmont Supply Company operates 15 service center facilities and nine on-site stores management locations across the U.S. and serves customers in the mining, steel, …

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August 3, 2007

Interline Sales Grow 33.1% in 2Q

Kaman Sales Up 9.2% in 2Q

Fairmont Supply Co. Buys Piping and Equipment Inc.

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