February 15, 2008

United Stationers Sales Up 2.2% in 2007

Companies, Free, News, Operations, Paper Products & Packaging Distribution, Subscriber Only, Top Distributor Sectors / MDM Staff

United Stationers Inc., Deerfield, IL, reported sales in 2007 grew 2.2% to $4.6 billion. This increase reflected continued strong growth in the janitorial and breakroom supplies category.

Sales for the fourth quarter were $1.1 billion, up 0.6% compared with the prior-year period. After adjusting for an additional workday in 2007, sales were down 1.1%.

First quarter organic sales to date are trending up approximately 1.6% over the same time last year, driven by strong revenues from janitorial and breakroom supplies,” said CEO Richard Gochnauer. “Office product sales remain soft. Including incremental sales related to ORS Nasco, reported revenues to date are up approximately 7.3%, compared to the prior year.”

“Our focus on profitable growth …

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Barnes Group Sales Up 14% in 2007

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

Barnes Group Inc., Bristol, CT, aerospace and industrial components manufacturer and distributor, reported sales in 2007 grew 14% to $1.44 billion, and profit was up 37%.

Sales in the fourth quarter were $358.9 million, an increase of 9%. Sales increase reflected $19.4 million of organic sales growth at Barnes Aerospace. Profit for the quarter was down 5% to $17.6 million.

Barnes Distribution saw sales of $128.5 million in the fourth quarter of 2007, a decline of approximately 1% over the fourth quarter of 2006. Barnes Distribution’s organic sales decreased $5.7 million, or approximately 4%. The lower organic sales were due to softness in certain markets in North America, primarily the construction support and transportation related markets, and to the short-term …

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Air Liquide Sales Up 7.8% in 2007

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

Paris-based Air Liquide reported sales growth of 7.8% in 2007 to €11.8 billion, and profit up 12.1%. Growth was reported as particularly strong” in the fourth quarter 2007, with a 15.4% increase year on year.

This growth results from a combination of strong demand for hydrogen, new start-ups in Large Industries in the second half of the year, record sales in Electronics, continued growth in liquid volumes for our industrial customers, and sustained development in Healthcare.

More details here. …

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Illinois Tool Works Sales Up 16% in Quarter

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

Illinois Tool Works Inc. reported operating revenues increased 15.8% in the three months ended Jan. 31, 2008. Much of that growth was due to acquisitions.

On a segment basis:

Industrial Packaging: +10.2%
Power Systems and Electronics: +8.5%
Transportation: +13.8%
Construction Products: +5.8%
Food Equipment: +42.8%
Polymers and Fluids: +37.9%
Decorative Surfaces: +24.3%
All Other: +9.4%

ITW is a $16.2 billion diversified manufacturer of highly engineered components and industrial systems and consumables. The company has 825 business units in 52 countries.

More details here. …

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Wheeler’s Building Materials Files for Ch. 11 Bankruptcy Protection

Building Materials/Construction, Free, Legal Issues in Wholesale Distribution, News, Operations, Subscriber Only, Top Distributor Sectors / MDM Staff

Wheeler’s Building Materials, Rome, GA, has filed for Ch. 11 bankruptcy protection. The distributor and manufacturer, which serves the struggling residential sector, has 15 distribution facilities throughout Atlanta, North Georgia, Birmingham, AL, and Charlotte, NC.

The company also has three manufacturing facilities and a sales support center, according to its Web site.

According to court documents: The collapse of the residential real property building industry has resulted in the situation where sales have dropped precipitously and receivables have been rendered uncollectible.” The company initiated a “controlled liquidation” in October 2007 including the consolidation of locations, reduction of payroll, reduction of operations, sale of assets and reduction of …

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