Interline Brands Sales Fall 11.2% in 1Q
Interline Brands, Inc., Jacksonville, FL, a distributor and direct marketer of maintenance, repair and operations products, reported sales for the first quarter ended March 27, 2009, were down 11.2% to $256.8 million from the prior-year period.
Average organic daily sales decreased 12.9% for the quarter. Interline’s facilities maintenance end-market, which comprised 72% of sales, declined 6.7% during the first quarter on an average daily sales basis, and declined 9.2% on an average organic daily sales basis. The pro contractor end-market, which comprised 16% of sales, declined 27.3% in the quarter and the specialty distributor end-market, which comprised 12% of sales, declined 9.4% for the quarter.
Profit was $2.9 million, down from $8.6 million in the …
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