November 7, 2008

RBC Bearings Sales Up 20.5% for 2Q

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

RBC Bearings Inc., Oxford, CT, an international manufacturer of highly-engineered precision plain, roller and ball bearings for the industrial, defense and aerospace industries, reported sales for the second quarter ended Sept. 27, 2008, were $94.3 million, an increase of 20.5% from second quarter sales a year ago. Profit increased 9.6% to $9.6 million.

For the first six months of fiscal year 2009, sales were $186.7 million, an increase of 18.1% over year-to-date results for fiscal year 2008. Profit improved 9.1% to $20.3 …

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BMHC Posts $45.2M Loss for 3Q

Building Materials/Construction, Free, 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, reported sales for the third quarter of 2008 were $364 million, down 39% from the same quarter a year ago. The company reported a net loss of $45.2 million, compared to a net loss of $4.2 million in the third quarter of 2007.

For the nine months ended Sept. 30, 2008, sales decreased 39% to $1.1 billion from $1.8 billion in the same period of 2007. BMHC recorded a net loss of $111 million, compared to profit of $18.6 million for the prior year period.

As the unprecedented volatility in the capital markets and the downturn in the homebuilding industry persisted, we remained focused on our goal of …

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Legrand Sales Up 2.9% in First Nine Months

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

France-based electrical distributor Legrand reported sales of €3.2 billion (US$4.1 billion) for the first nine months of 2008, up 2.9% from the first nine months of 2007. Profit, excluding minority interests, was €292.5 million (US$373.1 million), down 2% from the prior year.

In the U.S. and Canada, sales were down 3.5%. Sales in France and Italy rose slightly by 0.4% and 0.9% respectively. Sales in the rest of Europe increased 0.4%, with strong activity in Eastern Europe offsetting steep declines in the Spanish market and an overall slowdown in residential business.

Latin American and Africa/Middle East experienced sales growth of 10.8%. Emerging economies confirmed their role as a growth driver, representing nearly 28% of group total sales. …

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November 7, 2008

RBC Bearings Sales Up 20.5% for 2Q

BMHC Posts $45.2M Loss for 3Q

Legrand Sales Up 2.9% in First Nine Months

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