 |
Lock in savings now before June 1 rate increase! |
 |
| We
Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
Steel Processing's net sales of $408.2 million were up 15 percent over the prior year quarter. Higher average selling prices increased net sales by $45.9 million and a 14 percent increase in volumes favorably impacted sales by $7.4 million.
Pressure Cylinders' net sales of $168.8 million were up 24 percent from the comparable prior year quarter. Net sales in the North American operations increased 19 percent over prior year, aided by the Bernz acquisition. Overall volumes for the European operations were down from the prior year quarter, but net sales were higher primarily due to a more favorable product mix and foreign exchange rate. Worthington Nitin Cylinders, the Company's Indian consolidated joint venture, contributed $2.9 million to net sales.
The Pressure Cylinders segment also completed the acquisition of STAKO, a European producer of automotive liquefied propane gas tanks located in Slupsk, Poland. Sales for the last 12 months were US$25 million.
Metal Framing's net sales were $3.1 million during the quarter.
Worthington Industries is a diversified metals manufacturing company.
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Critical Profit Driversin Distribution Al Bates, Profit Planning Group, speaks frankly about the most important factors to driving profit. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Bell Electrical Supply CEO Burt Schraga discusses the importance of building a strong culture in his organization. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| 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 |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment