The 2020 Mid-Year Economic Update_long

Day: October 26, 2006

Watsco 3Q Revenues Up 6%

HVAC distributor Watsco Inc., Coconut Grove, FL, revenues grew 6% in the third quarter 2006, to $507 million. Same-store sales grew 5%. Profit was up 19% to $29.1 million. For the first nine months of 2006, sales grew 12% to $1.41 billion. Same-store sales were up 11%. The increase in revenues reflects improving sales mix from …

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Anixter 3Q Sales Boosted by Copper Prices, Acquisitions

Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire & cable and a distributor of fasteners and other small parts to Original Equipment Manufacturers,  reported third-quarter 2006 sales of $1.33 billion, including $13.6 million from the acquisition of IMS. Revenues rose 32% compared with the year-ago quarter. Profit rose 204% to …

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Cutting Tool Supplier Star Cutter Co. Buys Northern Tool

Star Cutter Co., Farmington Hills, MI, has acquired Northern Tool Sales & Service, Warren, MI. Northern Tool Sales & Service is a design and build manufacturer of special drills, reamers, step drills, form tools and solid carbide tooling to about 170 customers in the ABS systems, cylinder head and engine block manufacturing industries. Star Cutter Company manufactures …

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