July 20, 2006

Watsco Inc., Coconut Grove, FL, distributor of air conditioning and heating products, reported revenues grew 16% to $512 million for the second quarter ended June 30, 2006. Revenues grew 15% on a same-store basis. Net income was up 28% to $28.7 million. For the six months ended June 30, 2006, revenues grew 15% to $906 million, […]

Barnes Group Inc. sales grew 10% to $308.9 million in the quarter ended June 30, 2006. Profit for the second quarter was $18 million, up slightly from the $17.6 million reported in the same period last year. Sales at Barnes Distribution were $125.5 million in the second quarter of 2006, up 11% from $113.3 million

Reliance Steel & Aluminum Co., Los Angeles, CA, reported sales up 91% and net income up 105% for the second quarter ended June 30, 2006. Sales were $1.56 billion, and profit reached $100.5 million. The steep jump in sales was in large part due to the acquisitive company’s purchase of Earle M. Jorgensen Company on

steep rise of motor vehicle sales. More than three-quarters of the sales of this group are concentrated in that province. Also, this group accounts for more than one-quarter of Ontario’s wholesale activities. Ontario wholesalers have generally posted rising sales since January 2005.Second decrease in wholesale inventories in four monthsInventories declined 0.5% in May. A decrease in inventories