The 2020 Mid-Year Economic Update_long

Day: May 9, 2007

84 Lumber Buys Denver-Area Companies

84 Lumber Company, Eighty Four, PA, has purchased two Denver-area companies to add its network of more than 475 stores and 22 truss manufacturing plants.
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JAC & Company is a seven-year-old company which provides installation services, such as framing and trim, to professional contractors. Front Range Panel is a wall panel component manufacturing plant which supplies the professional home building and construction market.
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The two companies will now operate under the 84 Lumber banner as an 84 Lumber component manufacturing plant and as an 84 Lumber installed services hub.
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This strategic acquisition allows us to greatly expand the services we offer to the professional contractor market in the Denver Metropolitan area," said Frank
Cicero, ...

Barnes Distribution Sales Grow 23% in 1Q

Barnes Group, Bristol, CT, sales rose 20% to $361 million in the first quarter 2007. Profit was up 50% to $27.7 million from the year-ago period.
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Sales at Barnes Distribution were $152.5 million in the first quarter 2007, up 23% from $124.4 million in the same quarter a year ago, as a result of $22.7 million of incremental sales from the KENT acquisition and organic sales growth of $3.7 million.
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Organic sales grew in large part as a result of price increases and continued growth in Corporate and Tier II accounts. Foreign exchange positively affected sales by $1.7 million in the first quarter 2007.
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Sales at Barnes Aerospace were $91.2 million in the first quarter 2007, up 36% from the same period a year ago as original equipment ...

Manufacturers Remain Optimistic for 2007

Economic growth in the U.S. is sustainable throughout the remainder of 2007, say the nation's purchasing and supply executives in their spring 2007 Semiannual Economic Forecast. Expectations for the remainder of 2007 are encouraging in both the manufacturing and non-manufacturing sectors.
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These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management.
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Manufacturing Summary
The survey panel of purchasing and supply management executives remains optimistic with 62 percent of respondents predicting revenues to be greater in 2007 than in 2006. This is reflected in their expectations of a 5.6 percent net increase in revenues for the period. To support the revenue growth expectations, ...

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