The second quarter Baird Industrial Distribution Survey indicates that average second quarter year over year revenues were
slightly worse than the first quarter, with the third quarter forecast slightly better than current quarter trends. Encouragingly,
pricing and gross margins appear to be holding relatively steady while inventory levels continue to decline with no re-stock
expected in the near-term.
The bottoming process appears to be underway in most industries," said David Manthey,
CFA, Baird's senior research analyst who leads the firm's Industrial Distribution sector research. "With conditions stabilizing
and inventories at very low levels throughout most supply chains, industrial distributors should continue to see improvement
into 2009."
Survey Details
Baird's ...
The second quarter Baird Industrial Distribution Survey indicates that average second quarter year over year revenues were
slightly worse than the first quarter, with the third quarter forecast slightly better than current quarter trends. Encouragingly,
pricing and gross margins appear to be holding relatively steady while inventory levels continue to decline with no re-stock
expected in the near-term.
"The bottoming process appears to be underway in most industries," said David
Manthey, CFA, Baird's senior research analyst who leads the firm's Industrial Distribution sector research. "With conditions
stabilizing and inventories at very low levels throughout most supply chains, industrial distributors should continue to see
improvement into 2009."
Survey Details
Baird's Industrial Distribution Research Team collected
feedback on second quarter results from nearly 300 independent and captive distributors with combined annual revenue of nearly
$50 billion. Key survey findings include:
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