Latest In Interline Brands

Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales for the second quarter ended June 26, 2009, were down 13.3% to $269.9 million from the prior-year period.

Average organic daily sales decreased 14.7% for the quarter.

Interline’s facilities maintenance end-market, which comprised 74% of sales, declined 7.8% during the second quarter on an average daily sales basis, and declined 9.9% on an average organic daily sales basis. The professional contractor end-market, which comprised 16% of sales, declined 28.4% in the quarter and the specialty distributor end-market, which comprised 10% of sales, declined 20.6% for the quarter.

Profit (net income) was $6.4 million in the second quarter, compared …

Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales in the fourth quarter 2008 fell 7.5% from the prior-year period.
 
Sales for the quarter ended Dec. 26, 2008, were $277.6 million. Average organic daily sales fell 9.3%. Interline’s facilities maintenance end-market, 67% of sales, declined 5.7% during the fourth quarter on an average daily sales basis, and declined 8.4% on an average organic daily sales basis. The pro contractor end-market, 20% of sales, declined 14.6% in the quarter and the specialty distributor end-market, which comprised 13% of sales, declined 5.5% for the quarter. Fourth quarter 2008 operating income of $15.9 million, or 5.7% of sales, decreased 46.1% …

Interline Brands, Jacksonville, FL, a distributor of MRO products, plans to cut its work force, consolidate 10 distribution centers over the next six months and make other moves to cut costs. The distributor says it is seeing adverse conditions across its core end-markets and does not expect to meet its previously issued earnings per share range for the fourth quarter 2008.
Interline will be eliminating 85 full-time positions. This reduction and other cost cuts are expected to generate annualized savings of about $12 million.
The decision to downsize is never easy to make, and we thank our affected employees for their many important contributions, said CEO Michael Grebe. “However, these actions are necessary to ensure that our cost structure aligns with current …

Interline Brands, Jacksonville, FL, distributor and direct marketer of MRO products, reported sales for the third quarter 2008 were down 3.8% to $317.5 million from the 2007 period. Profit was $13.7 million, down from $15.9 million in the prior-year period.
 
Interline’s facilities maintenance end-market, which comprised 70% of sales, declined 2.4% during the third quarter on an average daily sales basis, and declined 3.7% on an average organic daily sales basis. The pro contractor end-market, which comprised 19% of sales, declined 10.1% in the quarter and the specialty distributor end-market, which comprised 11% of sales, declined 3.6% for the quarter.
 
Sales in Interline’s recently integrated AmSan brand grew by roughly 3.8% on an average organic daily sales …

Interline Brands Inc., Jacksonville, FL, reported sales for 2007 were $1.24 billion, up 16%. The acquisition of AmSan added $131.6 million in sales. Average organic daily sales growth was 3.7% in 2007. Profit was $51 million.
 
Solid execution in our facilities maintenance markets, which now represent 67% of Interline’s sales, offset weakness in our pro-contractor and specialty distributor markets which resulted from deteriorating conditions in the housing industry,” said President and COO William Sanford.
 
Sales in the fourth quarter were $330.2 million. Average organic daily sales growth was 2.3%. Interline’s facilities maintenance market grew 12% on an average daily sales basis. The pro-contractor market, representing 21% of sales, declined 12.5% in the quarter. …

Interline Brands, Inc., Jacksonville, FL,&nbsp ; a distributor and direct marketer of maintenance, repair and operations products, reported sales were up 5.1% in the third quarter 2007 ended Sept. 28. Sales were $330.2 million.
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Interline attributed the growth to solid performance in its facilities maintenance end market, which grew at 13.9% on an average organic daily sales basis.
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Revenues in the professional contractor and specialty distributor markets fell 10.4% in the third quarter.
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Sales for the nine months ended Sept. 28 were $938.8 million, a 21.3% increase over the comparable 2006 period. Sales from the July 2006 acquisition of AmSan represented a 17% increase in sales for this nine-month period. Average organic daily sales growth for …

Interline Brands Inc., Jacksonville, FL, distributor of maintenance, repair and operations products, reported sales in the second quarter ended June 29, 2007, were up 33.1% over the same period a year ago.
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Sales for the quarter were $313.2 million. Average organic daily sales grew 4.2%.
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Though much of its overall growth was a result of the acquisition of AmSan in July 2006, Interline also reported strong sales performance in its facilities maintenance MRO businesses, which grew at 17.8%.
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The professional contractor business fell 9.6%, and Interline’s specialty distributor business sales declined 10.6% from the comparable period.
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We invested approximately $1 million during the quarter in organic growth initiatives. We added field …

Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales for the first quarter of 2007 increased 31.5% over the comparable 2006 period.
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Sales for the quarter ended March 30, 2007 were $295.4 million. Average organic daily sales growth for the first quarter was 3.2%. Profit was $9.4 million, compared with $8.4 million in the year-ago period.
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Michael Grebe, chairman and CEO, said Interline’s facilities maintenance business posted strong sales growth, despite softness in the pro contractor market, which fell 6.2%. The facilities maintenance businesses grew by 14.1% in the quarter. Grebe expects the pro contractor and specialty distributor end-markets to continue to be difficult …

Interline Brands Inc., Jacksonville, FL, distributor of MRO products, has named William Sanford president. The role was previously held by Michael Grebe who continues to serve as chairman and CEO.

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Sanford joined Interline Brands as Chief Financial Officer in March of 1999 and was promoted to Executive Vice President and Chief Operating Officer in September of 2004. He has more than 24 years experience in distribution, holding senior executive positions with MSC Industrial Direct and Airgas, Inc.

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Bill has played a major role in building Interline Brands into the organization it is today and our board is very pleased to recognize his contributions with this promotion,” Grebe said.

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Interline reported sales of $1.068 …

Interline Brands, Jacksonville, FL, reported sales for fiscal 2006, increased 25% to $1.068 billion. Average organic daily sales grew 8.3%.

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Profit was $31.2 million in 2006, compared with $28.8 million in 2005.

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The acquisition of AmSan in July 2006 added $129.8 million to the second half of 2006, and the acquisition of Copperfield in July 2005 added $18.6 million the first half of 2006. Average daily sales growth, as a result, grew 25.8% for the year.

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In the fourth quarter 2006, sales grew 30% to $67.3 million. Average daily sales growth was 29.8%. Average organic daily sales growth was 2.6%.

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Interline’s facilities maintenance market, representing 60% of sales in the fourth quarter, …