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Fourth-quarter sales were $365.1 million, up 35.7 percent over the same period a year ago. Profit improved 77 percent to $14.7 million.
Industrial Distribution segment fourth-quarter sales increased 46 percent to $218.7 million in a year-over-year comparison. On a sales per sales day basis, organic sales were up 23.2 percent over last year's fourth quarter. Operating income for the fourth quarter of 2010 was $9.2 million.
Segment sales for the full year 2010 were $832 million, an increase of 28.9 percent.
Aerospace segment sales were $146.4 million in the fourth quarter, an increase of 22.7 percent from the fourth quarter of 2009. Operating income was $26.4 million, compared to operating income of $18.2 million in the 2009 fourth quarter. For the full year 2010, segment sales were $486.5 million, a decrease of 2.8 percent from 2009.
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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 |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
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