The 2020 Mid-Year Economic Update_long

Day: May 8, 2007

Industrial Distribution Group 1Q Sales Fall 3.7%

Industrial Distribution Group Inc., Atlanta, GA, reported sales in the first quarter 2007 were $135.1 million, down 3.7% from the same period a year ago. Profit was $1.5 million, equal to a year ago.

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For the first quarter, revenues from Flexible Procurement Solutions, IDG's integrated supply offering including storeroom management, were $81.1 million, an increase of 0.7% from the first quarter 2006. FPS revenues were 60% of total first-quarter revenues as compared with the 57.4% reported in first quarter 2006.

As of March 31, 2007, the company had 336 total FPS sites, including 100 storeroom management arrangements. New FPS customers generated incremental revenue of $9.1 million for the first quarter of 2007, partially offset by a continued decline in ...

Wholesale Revenues Up 1.8% from February

Sales
March 2007 sales of merchant wholesalers, except manufacturers'sales branches and offices, after adjustment for seasonal variations and trading-day differences but not for price changes, were $346.3 billion, up 1.8 percent (+/-0.5%) from the revised February level and were up 8.4 percent (+/-1.3%) from the March 2006 level. The February preliminary estimate was revised downward $0.6 billion or 0.2 percent.&nbsp ;
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March sales of durable goods were up 2.1 percent (+/-1.0%) from last month and were up 6.6 percent (+/-2.0%) from a year ago.&nbsp ; Compared to last month, sales of computer and computer peripheral equipment and supplies were up 6.1 percent and sales of lumber and other construction materials increased 5.9 percent.&nbsp ;
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March ...

Beacon Roofing Supply Sales Decline 11% in 2Q

Beacon Roofing Supply, Inc., Peabody, MA, reported sales in the second quarter 2007 dropped 11% to $286.9 million. The decline was partially offset by acquisitions made since the second quarter of last year.
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Declines occurred across three major product lines: residential, non-residential and complementary products. Complementary product sales declined the least at 5.1%.
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The existing market sales decline can be attributed to harsher winter conditions this year in the Northeast, Midwest and Canada, reduced new home construction activity in certain markets, and a flattening of inflation. In addition, Beacon reported a significant slowdown in reconstruction and reroofing activities in the markets that experienced damages from Hurricanes Katrina and Rita.
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