2007

Industrial Distribution Group, Inc., Atlanta, GA, reported sales fell 3% to $134.3 million in the third quarter ended Sept. 30, 2007. Profit was $1.3 million, compared with profit of $1.8 million in the prior-year period.
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Year-to-date, sales were $402 million, down 3% from the prior-year period. Profit for the nine-month period was $2.8 million, down from the $4.9 million in the prior-year period.
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Revenues from Flexible Procurement Solutions, IDG’s integrated supply offerings including storeroom management, comprised 61.9% of IDG’s total sales for the third quarter 2007, up from 60.3% of sales in the same period 2006. &nbsp ; Comparing ongoing activities unrelated to one-time 2006 inventory sales, FPS sales for the third quarter 2007 increased $1.4 million or …

Sequa Corp., New York, NY, reported sales of $572.1 million in the third quarter ended Sept. 30, 2007, up 3.1%. For the first nine months of 2007, Sequa’s sales increased 1% to $1.7 billion. Profit for the nine-month period was $44.3 million, compared with $42.1 million in the same period a year ago.
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Aerospace: Sales at Chromalloy Gas Turbine Corporation -Sequa’s largest business unit and the sole component of its aerospace segment -were on par with the third quarter of 2006, as increased sales to commercial airlines and the military substantially offset lower sales to marine and industrial turbine customers. Increased sales to airlines resulted from new product introductions and sales from long-term contracts with airline customers.
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The following findings from PricewaterhouseCoopers’Manufacturing Barometer, a quarterly survey, are based on interviews conducted between August 1, 2007, and October 12, 2007, with 60 senior executives of large, multinational U.S. industrial manufacturing companies.

Optimism Falls Sharply Among Industrial Manufacturing Executives
Optimism in the U.S. economy dropped significantly among industrial manufacturers during the third quarter of this year according to PricewaterhouseCoopers’Manufacturing Barometer. Less than half of those surveyed, 45%, are optimistic about the domestic economy, a 17-point drop from the 62% level of optimism reported last quarter.

Higher Energy Costs, Lack of Demand Lead Concerns
Consistent with …