May 7, 2009

Kennametal Acquires ROMICRON

Leave a Comment / Finance, Mergers & Acquisitions, Free, Top Distributor Sectors, Building Materials/Construction, News, Subscriber Only / MDM Staff

Kennametal, Latrobe, PA, has acquired ROMICRON technology and manufacturing from Industrias Romi S.A.

Kennametal has been the global distributor of ROMICRON for the past 14 years.

The ROMICRON technology and manufacturing will be integrated into Kennametal's Indaiatuba, Brazil, location and will help to strengthen the company's market holemaking and precision hole finishing portfolio.

Kennametal Inc. is a global supplier of tooling, engineered components and advanced materials consumed in production processes. As of the prior fiscal year end, sales were $2.7 billion with more than 50 percent of these revenues coming from outside North America. ...

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Beacon Roofing Supply Sales Up 4.9% in 2Q

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

Beacon Roofing Supply, Inc., Peabody, MA, reported sales for the second quarter 2009 increased 4.9% to $319.3 million from the prior-year period.

Residential roofing sales increased 37.2% while non-residential (commercial) roofing and complementary product sales declined 12.6% and 27.1%, respectively. Residential roofing sales benefited from year-over-year price increases as well as from strong, although diminishing, re-roofing activity in markets that were affected by Hurricane Ike.

Non-residential sales slowed due, in part, to adverse winter conditions in the Company's 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 ...

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March Wholesale Revenues Decrease 1.6%

Leave a Comment / Economic Trends, Research & Analytics, Finance, Free, News, Subscriber Only / MDM Staff

March 2009 sales of merchant wholesalers were $310.9 billion, down 2.4 percent from the revised February level and were down 18.1 percent from the March 2008 level, according to the U.S. Census Bureau. The February preliminary estimate was revised downward $1.2 billion or 0.4 percent.

March sales of durable goods were down 3.3 percent from last month and were down 19.6 percent from a year ago. Sales of metals and minerals, except petroleum, were down 10.6 percent from last month and sales of electrical and electronic goods were down 5.9 percent.

Sales of nondurable goods were down 1.6 percent from last month and were down 16.9 percent from last year. Sales of petroleum and petroleum products were down 5.1 percent from last month and sales of chemicals and ...

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HVACR Sales Down 10.8% in March

Leave a Comment / Plumbing Products & PVF Distribution, Free, Top Distributor Sectors, HVACR, News, Subscriber Only / MDM Staff

Heating, Airconditioning and Refrigeration Distributors International (HARDI) announced national HVACR distributor sales for the month of March 2009 were (at median) down 10.8% when compared to March 2008 in its Monthly Targeted and Regional Economic News for Distribution Strategies Report. The HARDI West Region posted the steepest decline of 32.7%. However, three Regions reported sales gains in March - Southwest (+15.7%), Great Lakes (+3.6%) and Canada (+0.6%).

By sales volume, only the small firm category ($5 million or less) posted a sales gain for March at +11%. Median Days Sales Outstanding (DSO) stood at 52.43 days up 1.2 days from February 2009.

For more information about HARDI's Monthly TRENDS Reports, including access to the complete ...

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May 7, 2009

Kennametal Acquires ROMICRON

Beacon Roofing Supply Sales Up 4.9% in 2Q

March Wholesale Revenues Decrease 1.6%

HVACR Sales Down 10.8% in March

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