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For the first nine months of fiscal 2011, sales increased 21 percent to $1.49 billion. Profit was $159.3 million, an increase of 49.9 percent in a year-over-year comparison.
"Our company remains focused on executing our strategic plan. We continue honing our repeatable formula within the Metalworking segment as our highest priority growth opportunity," said David Sandler, president and CEO. "We have a unique combination of many years of market leadership, yet a low market share position, due to the fragmented nature of the market. Our plan is to take that repeatable formula and extend it. Over time, we will move into other product lines consumed on the manufacturing floor as well as other end markets outside of the narrow band of durable manufacturing that we excel in today. All of this presents a huge runway opportunity for future, profitable growth in our business."
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| Digital Strategy Manager | Border States Electric | Fargo North Dakota |
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