January 29, 2008

Anixter Sales at $5.85B in 2007

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

Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire &cable and a distributor of fasteners and other small parts, reported fourth-quarter sales of $1.49 billion, up 15% including acquisitions. Profit was $70.5 million.

Annual sales for the period ended Dec. 28, 2007, were $5.85 billion, up 13% on an organic basis. Profit was $253.5 million.

North American sales grew by 13% in the fourth quarter -excluding foreign exchange effects, sales grew at an organic rate of 11%. In Europe, organic growth was flat -overall sales grew 16% due to acquisitions and exchange rate …

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New Orders for Durable Goods Up 5.2% in December

Economic Trends, Free, News, Research & Analytics, Subscriber Only / MDM Staff

New orders for manufactured durable goods in December increased $11.2 billion or 5.2 percent to $226.6 billion, according to the U.S. Census Bureau. This was the second consecutive monthly increase and followed a 0.5 percent November increase.

Excluding transportation, new orders increased 2.6 percent. Excluding defense, new orders increased 2.9 percent.

Full Release

Shipments
Shipments of manufactured durable goods in December, down four of the last five months, decreased $0.1 billion or 0.1 percent to $212.6 billion. This followed a 0.2 percent November decrease.

Unfilled Orders
Unfilled orders for manufactured durable goods in December, up thirty-one of the last …

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Airgas Reports Sales of $1B in 3Q

Companies, Free, Gases & Welding Equipment, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Airgas, Inc., distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $1 billion in the third quarter ended Dec. 31, 2007, an increase of 28% from the prior-year period. Profit for the quarter was $56.8 million, compared with $32.5 million in the prior year.

Acquisitions contributed 21% to sales growth. Total same-store sales increased 7%, with hardgoods up 6% and gas and rent up 8%. The company’s strategic product categories, including bulk, medical and specialty gases, safety products, and carbon dioxide, posted 11% organic growth in the quarter. These product categories now account for 40% of total company revenues.

This was our second quarter with more than $1 billion in sales, demonstrating the …

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3M Sales Up 7% to $24.5B in 2007

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

3M, St. Paul, MN, reported 2007 sales of $24.5 billion, up 7% from a year ago. Profit was $4.1 billion, up 6%.

Sales for the full year were driven by a 7.3% increase in local-currency sales, including acquisitions. Growth was led by Health Care and Safety, Security and Protection Services. Sales in the international operations grew 10% and now constitute 63% of the company’s total.

The company announced fourth-quarter sales of $6.2 billion, an increase of 7%. Profit for the quarter was $851 …

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