February 5, 2009

Beacon Roofing Supply 1Q Sales Up 16.3%

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

Beacon Roofing Supply, Inc., Peabody, MA, reported that sales for its fiscal 2009 first quarter were up 16.3% to $463.3 million. Residential roofing sales were up 58.5% and non-residential (commercial) roofing and complementary product sales declined 4.7% and 17.5% respectively.

According to Beacon, residential roofing sales benefited from year-over-year price increases as well as from strong re-roofing activity in markets that were affected by Hurricane Ike. Non-residential sales slowed due, in part, to early winter conditions in markets that have the largest concentration of commercial business. Complementary product sales continued to be negatively impacted by both the slowdown in the economy and lower levels of new construction.

Profit for the first quarter …

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New Orders Fall 3.9% in December

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

New orders for manufactured goods in December, down five consecutive months, decreased $14.8 billion or 3.9% to $362.4 billion, the U.S. Census Bureau reported in the preliminary report on Manufacturers’ Shipments, Inventories and Orders.

This was the longest streak of consecutive monthly decreases since the series was first published on a NAICS basis in 1992 and followed a 6.5% November decrease. Excluding transportation, new orders decreased 4.4%.

Shipments, also down five consecutive months, decreased $11.3 billion or 2.9% to $377.6 billion. This was the longest streak of consecutive monthly decreases since March-July 1998 and followed a 6.5% November decrease. Unfilled orders, down three consecutive months, decreased $11 billion or 1.4% to $801.9 billion. …

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Eaton Forms Industrial Hose Unit

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

Diversified industrial manufacturer Eaton Corp., Eden Prairie, MN, has formed a new Eaton Industrial Hose Unit to boost the company’s presence in the industrial rubber and thermoplastic hose markets.

Industrial hose has been part of Eaton’s fluid conveyance product line for many years, said Eaton Vice President of Fluid Conveyance Jeff Finch, “but our customers want a more focused approach and we have responded with the creation of the Industrial Hose Unit."

Finch said that industrial hose customers have different expectations than hydraulic hose customers. “While hydraulic hose and accessories tend to be ordered for stock, by specific part numbers, industrial hose tends to be ordered by need and by specific application or size. …

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February 5, 2009

Beacon Roofing Supply 1Q Sales Up 16.3%

New Orders Fall 3.9% in December

Eaton Forms Industrial Hose Unit

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