The company also reported 3Q sales up 2% over 2018.
Posts By Arya Roerig
Profit for the quarter was $50.8 million compared to a loss of $43.4 million the previous year's quarter.
For the first nine months, sales were $16.2 billion, up slightly over the same period a year ago.
Profit decreased to $2.1 billion in the second quarter, compared to $2.9 billion in third quarter 2018.
Three of the four board categories of indicators that make up the index decreased from August, and all four made negative contributions to the index in September.
MDM’s top news briefs from News briefs from October 11 – October 25, 2019.
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Wholesale revenues, inventories and ratios from August 2019.
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Modern Distribution Management's monthly Industrial Inflation Index measures a cross-section of industrial supplies.
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In this two-page report, available to download in PDF after log-in, we feature data on merger and acquisition trends and financial metrics for the largest publicly traded distributors across diverse sectors in the third quarter of 2019.
In partnership with Houlihan Lokey, an investment banking firm, the report includes data on M&A activity trends across all industries (not just distribution), as well as valuation multiples for deals in all industries.
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For the first nine months sales grew 0.8% to $1.1 billion.
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Profit decreased 15.6% over 2018.
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This report is researched and produced by MDM editors. View the Second Quarter report here.
These product groups provide a snapshot of inflation trends based on the Producer Price Index from the U.S. Bureau of Labor Statistics. Third quarter 2019 pricing levels are compared with second quarter 2019 and third quarter 2018.
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WATT is the first employee resource group for the distributor and open to all employees.
Year-to-date sales were $20.9 billion, up 3% from the prior-year period.