Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales for the first quarter 2008 were down 2.1% from the prior-year period.
The current market environment has proven to be one of the more challenging in recent memory,” said Michael Grebe, Interline’s CEO. “While the first two months of the year were consistent with our initial expectations, revenues in March took an unexpected downturn in all three of our major end-markets. April results have improved, but market visibility still remains at a very low level.”
Interline’s facilities maintenance market, which comprised 68% of sales, grew 4.5% during the first quarter on an average daily sales basis. This growth was offset by …
Interline Sales Down 2.1% in 1Q
Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales for the first quarter 2008 were down 2.1% from the prior-year period.
The current market environment has proven to be one of the more challenging in recent memory,” said Michael Grebe, Interline’s CEO. “While the first two months of the year were consistent with our initial expectations, revenues in March took an unexpected downturn in all three of our major end-markets. April results have improved, but market visibility still remains at a very low level.”
Interline’s facilities maintenance market, which comprised 68% of sales, grew 4.5% during the first quarter on an average daily sales basis. This growth was offset by …
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