November 6, 2008 - Modern Distribution Management

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November 6, 2008

Canadian Building Permits Up 13.4% in September

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

Municipalities in Canada issued $6.5 billion in building permits in September, up 13.4% following an 11.7% decline in August. September’s increase was the result of gains in all three components of the non-residential sector. The total value of building permits increased in seven provinces and two territories.
 
In the non-residential sector, the value of permits rose 41.7% to $3.2 billion. This increase was generated by a substantial gain in institutional permits, and lesser increases in the industrial and commercial components. Major increases occurred in Ontario, Saskatchewan and Alberta.
 
In the residential sector, the value of permits fell for the second month in a row and the sixth time in nine months. Housing permits declined …

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Lawson Products Sales Drop 2.6% for 3Q

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

Lawson Products, Inc., Des Plaines, IL, a distributor of services, systems and products to the MRO and OEM marketplaces, reported sales for its third quarter of $124.6 million, down 2.6% from the prior year quarter. Profit was $3.1 million, up 28.3% from the third quarter of 2007.
 
The decline in sales for the third quarter resulted from lower sales in the MRO business, while profit was impacted by increased product and commodity costs.
 
For the nine months ended Sept. 30, 2008, sales declined 2.8% $375.9 million, as compared to sales for the same period the prior year. Year-to-date, the company recorded a loss of $22.2 million.
 
Charges of $31.6 million and $4.9 million related to the settlement announced in August of the investigation of the company …

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