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Sales for 2009 were $649.6 million, down 39.9% from 2008. Profit was $3.9 million, compared to $39.8 million a year ago.
"The slowdown in construction activity in the United States continues to impact our industry adversely as it has over the last three plus years," said Daniel L. Jones, president and CEO. "Unit volume decreases caused by the slowdown in construction have created a volatile pricing environment in our industry that compressed the spread between what we paid for a pound of copper versus what we were able to charge for wire that contained a pound of copper. In the fourth quarter of 2009, the spread fell by 48.2% versus the fourth quarter of 2008 and it fell 27.1% for the full year of 2009 versus 2008."
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| Title | Company | Location |
|---|---|---|
| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
| Risk Manager | Border States Electric | Fargo ND |
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
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