May 16, 2008

Industrial Distribution Group 1Q Sales Down 5.7%

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

Atlanta, GA-based Industrial Distribution Group, Inc. reported first-quarter revenues of $127.3 million, compared with $135.1 million in the year-ago period, a decline of 5.7%. Profit was $0.9 million, compared with $1.5 million last year.

For the first quarter, revenues from Flexible Procurement Solutions, IDG’s services-based supply offerings that include storeroom management, were $78.6 million, a decline of $2.5 million or 3% compared to the first quarter 2007.

New sites implemented since the first quarter of 2007 generated incremental revenue in the first quarter of 2008; however, these new site revenues were more than offset by the non-renewal of certain sites in the fourth quarter of 2007, for which the company said it did not seek renewal because of …

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Distribution & Wholesale Industry Confidence Index Rises in 1Q

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

An increased confidence during the first quarter of 2008 replaced last quarter’s concerns about the economy when a significant drop in plans for hiring led to a steep decline in the confidence of distribution and wholesale companies during the fourth quarter of 2007, according to the latest Small Business Research Board (SBRB) report issued today.

The Distribution &Wholesale Industry Small Business Confidence Index increased to 40 during the first quarter of 2008, or by nine points (29%), from the 31 recorded during the prior quarter.

The first quarter 2008 report is the third wholesale and distribution industry confidence index issued. Inclines in two of the three major categories comprising the confidence index contributed to the higher first quarter results. …

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BMHC Closes two Facilities in California

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

Building Materials Holding Corp., San Francisco, CA, a provider of building materials and construction services to professional residential builders and contractors, announced its subsidiary BMC West will close its millwork and building materials distribution facilities in Merced and Bakersfield, CA.

Both markets will be served from nearby operations in Modesto and Fresno.

The difficult decision to close our facilities in Merced and Bakersfield is a necessity based on today’s challenging business environment and weakness in the housing markets in California’s Central Valley,” said Stanley M. Wilson, president and COO.

“Single-family housing permits in the Central Valley markets we serve have fallen sharply from 4,905 in the first quarter of 2007 to …

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May 16, 2008

Industrial Distribution Group 1Q Sales Down 5.7%

Distribution & Wholesale Industry Confidence Index Rises in 1Q

BMHC Closes two Facilities in California

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