May 4, 2009

Precision Castparts Sales Up Slightly in Fiscal 2009

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

Precision Castparts Corp., Portland, OR, reported sales for the fourth quarter 2009 were $1.6 billion, down from $1.8 billion in the year-ago period.

Fiscal 2009 sales were $6.8 billion, an increase of $0.1 billion over fiscal 2008 sales. Profit was $1,044.5 million. Including discontinued operations, profit was $260.3 million.

Investment Cast Products had fourth-quarter sales of $540.1 million, down from $578.6 million in the year-ago period. Sales were $2.3 billion in fiscal 2009, up slightly from $2.2 billion in fiscal 2008.

Forged Products fourth-quarter sales were $678 million, down from $810 million in the year-ago period. Fiscal 2009 sales were $3 billion, down from $3.2 billion a year ago.

Fastener Products sales in the fourth …

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Q&A with Global Plastics Letter Publisher Mel Ettenson

Chemicals & Plastics Distribution, Free, Subscriber Only, Top Distributor Sectors / Lindsay Young

Plastics industry veteran Mel Ettenson, publisher of Global Plastics Letter, will start to post occasional contributions to the MDM Blog based on his most recent issue or other happenings in the plastics industry.

Below is a quick interview I conducted with him to introduce him to MDM readers. His newsletter can be found at www.globalplasticsletter.com.

MDM: What is your history in the plastics industry?

Ettenson: I have been in the plastics industry for almost 50 years. Starting with several manufacturing companies in the plastics composites sector and then into marketing and distribution with several global plastic semi-finished shapes distributors including …

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NetSuite Posts Loss Of $3.7 Million In 1Q

Free, News, Subscriber Only, Technology / MDM Staff

NetSuite Inc., San Mateo, CA, a vendor of on-demand, integrated business management software suites, reported sales for the first quarter of 2009 totaled $41.6 million, 22% higher than the first quarter of 2008. The company recorded a net loss of $3.7 million for the quarter.

Revenue from the Americas for the first quarter of 2009 was $33.6 million, while revenue from international regions was $8.0 …

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Airgas 4Q Sales Fall 9%

Companies, Free, Gases & Welding Equipment, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Airgas, Inc., Radnor, PA, a U.S. distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales of $992 million for fourth quarter ended March 31, 2009, down 9% from the prior year. Profit declined 12.4% to $56.5 million. Same-store sales declined 13% in the quarter.

For the full year, sales increased 8% to $4.3 billion. Acquisitions contributed 7% sales growth in the year, while total same-store sales grew 1%, with hardgoods down 4% and gas and rent up 4%. Airgas completed 14 acquisitions in fiscal 2009. Profit increased 16.9% to $261 million.

"The current environment puts a damper on what was a record year for Airgas in earnings and cash flow, but we’re using this time to strengthen our operations so that …

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May 4, 2009

Precision Castparts Sales Up Slightly in Fiscal 2009

Q&A with Global Plastics Letter Publisher Mel Ettenson

NetSuite Posts Loss Of $3.7 Million In 1Q

Airgas 4Q Sales Fall 9%

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