May 28, 2008

Distributors Tackle the Rising Cost of Fuel

Economic Trends, Free, Research & Analytics, Subscriber Only / Lindsay Young

Nearly a third of distributors in a recent survey by Channel Marketing Group and Allen Ray Associates say that increased fuel costs have significantly impacted profitability” because they can’t pass it on to customers. Another 37% said fuel costs somewhat impacted profitability, as most of the increase cannot be passed onto customers. About 22% said the fuel costs have had limited impact, as they have absorbed some but passed most onto customers.

About half of respondents had calculated incremental costs, seeing an increase of 25%-40% over prior-year expenses.

How are they addressing rising costs? More than half are absorbing them. Another 25% say they would like to add a surcharge, but because competition hasn’t, they are afraid they will lose business. About …

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EnPro Acquires Air Perfection

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

EnPro Industries, Charlotte, NC, has acquired Air Perfection, Inc., Dixon, CA. Air Perfection audits, sells and services compressed air systems. Air Perfection distributes compressed air products, including those made by Quincy Compressor, an EnPro Industries company, and it will be operated as a unit of Quincy.

Air Perfection has 44 employees at its Dixon facility.

EnPro Industries, Inc. is a supplier of sealing products, metal polymer and filament wound bearings, compressor systems and components, diesel and dual-fuel engines and other engineered …

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RBC Bearings Sales Up 8% in Fiscal 2008

Free, News, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

RBC Bearings Inc., Oxford, CT, international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales for fiscal 2008 were $330.6 million, an increase of 8% from 2007. Excluding the impact of the decrease in the class 8 heavy truck market, sales rose 12%.

Profit for fiscal 2008 was $40.2 million, compared with $28.5 million in the same period a year ago.

Sales for the fourth quarter of fiscal 2008 were $92.1 million, a 13.7% increase from the fourth quarter fiscal 2007. Sales for the fourth quarter increased 15.7%, excluding the impact of the decrease in the class 8 truck market.

For the fourth quarter, the company reported profit of $12 million, compared with …

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Electroindustry Business Confidence Indexes Rebound

Economic Trends, Electrical, Free, News, Research & Analytics, Subscriber Only, Top Distributor Sectors / MDM Staff

Following sharp drops a month ago, NEMA’s Electroindustry Business Confidence Indexes (EBCI) for both current and future North American conditions rebounded in May.

The EBCI for current North American conditions, after tumbling to 27.3 in April, sprang back to 48. Though the rebound in the EBCI for future North American conditions was far less pronounced, the 2.5 point rise erased most of the previous month’s loss and brought the index back to near its March level.

Meanwhile, current and future conditions indexes for the other three world regions included in the EBCI survey were generally down in May.

The Electroindustry Business Confidence Index gauges the business confidence of the electroindustry in Asia, Europe, North America, and Latin …

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Rexnord Core Sales Growth at 9.1% in Fiscal 2008

Free, HVACR, News, Plumbing Products & PVF Distribution, Power Transmission/Motion Control/Fluid Power, Subscriber Only, Top Distributor Sectors / MDM Staff

Rexnord LLC, Milwaukee, WI, diversified industrial company with platforms in power transmission and water management products, reported sales in the fiscal 2008 were up 47.6% to $1.85 billion, due to acquisitions. Core sales growth was 9.1%.

Power transmission fiscal 2008 sales were $1.34 billion, an increase of 13.2%. Core sales growth in PT was 9.3%.

Water management sales were $511.2 million; core sales growth was 8.6%.

Fourth-quarter sales were $502.3 million, an increase of 30.1%. Core sales growth was 8%.

Power transmission fourth-quarter sales were $372.6 million, an increase of 17.7%. PT core sales growth was 9.4%. Water management sales in the fourth quarter were $129.7 million. Core growth was 4.3% in this …

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