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Interline Brands Sales Grow 5.4% in Second Quarter

Interline Brands Inc. (NYSE:IBI), Jacksonville, FL, No. 15 on MDM's list of the top 40 industrial distributors, reported sales for the second quarter were $334.8 million, a 5.4 percent increase from 2011.

The facilities maintenance end-market, which comprised 78 percent of sales, increased 7.2 percent for the quarter. The professional contractor end-market, which comprised 13 percent of sales, increased 2.4 percent for the quarter. The specialty distributor end-market, which comprised 9 percent of sales, decreased 3.7 percent for the quarter.   

Profit for the second quarter of 2012 decreased $0.8 million to $9 million from the prior-year period

"We were pleased to see continued sales growth in the second quarter driven by our strategic investments and further improvement in our end-markets. We will continue to execute on our growth strategy as we seek to further establish Interline Brands as a premier broad-line MRO distributor," said Michael J. Grebe, CEO.

Sales for the six months ended June 29, 2012, were $648.4 million, a 5.4 percent increase over the comparable 2011 period. On an organic basis, sales increased 4.9 percent.

Profit decreased $0.3 million to $16.5 million.

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