October 23, 2007 - Modern Distribution Management

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October 23, 2007

Electrical Distributors 3Q Sales: Anixter, Wesco

Anixter International Inc., Glenview, IL, distributor of communication products, electrical and electronic wire & cable and a distributor of fasteners and other small parts, reported sales of $1.52 billion in the third quarter 2007, which includes $31.7 million from acquisitions in the past 12 months. Sales were up 14%.
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Profit fell 15% to $64.8 million.
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For the nine-month period ended Sept. 28, 2007, sales of $4.36 billion produced profit of $183 million. Included in the 2007 nine-month results were sales of $105 million from acquisitions in the past year.
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Robert Grubbs, President and CEO, said: The 14% sales growth generated in the current quarter was particularly encouraging in light of the significant economic ...

Applied Industrial Sales Rise 5.3% in 1Q

Applied Industrial Technologies, Cleveland, OH, reported that for its fiscal 2008 first quarter ended Sept. 30, profit rose by 15.8% and sales rose 5.3%.
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Sales for the first quarter increased to $518.5 million. Profit was $24.5 million.
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Commenting on the performance, Applied Chairman & Chief Executive Officer David L. Pugh said: The demand for our products continued to grow in keeping with our economic expectations.&nbsp ; While the slowdown in the housing market affected some of our customers, maintenance and repair part sales to manufacturing customers were strong."
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Applied is an industrial distributor with more than 445 facilities and 4,600 employees in North America. For its fiscal year ended June 30, 2007, Applied posted sales of $2 ...

Electrical Manufacturers 3Q Sales: Schneider, Thomas & Betts, Cooper

Schneider Electric
Schneider Electric reported sales growth of 28.4% in the third quarter 2007, with revenues of 4.5 billion euro (US$6.4 billion). Acquisitions contributed 17% of sales growth. The currency effect reduced sales by 2.4%.
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Organic growth was 13.8%. Schneider attributes the growth to strong demand for energy efficiency, critical power and investment in infrastructure for water treatment, raw materials extraction and transformation, transportation and data centers.
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Sales in North America in constant terms were up 13.1% to 1.3 billion euro (US$1.8 billion). For the first nine months, sales were up 12.7% in North America.
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Trends were reported as strong in all end markets except residential, which accounts for just 12% of ...

Columbus McKinnon Sales Up 5% in Latest Quarter

Columbus McKinnon Corp., Amherst, NY, reported a 5% increase in sales in its second quarter fiscal 2008 to $151.4 million. The Company's Products segment, which represents 92.7% of total revenue, increased sales by 8.7% to $140.3 million, offsetting the managed hold-back of sales in the Solutions segment, which declined 26.9% to $11.1 million.
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Profit was $9.5 million for the second quarter, a 13.7% increase.
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Columbus McKinnon is a manufacturer of material handling products, systems and services. Key products include hoists, cranes, chain and forged ...

Barker Inc., Adhesives & Equipment to Merge

Adhesives supplier Barker, Inc., Fort Wayne, IN, and Adhesive & Equipment Co., Grand Rapids, MI, will merge. The new company will remain in Fort Wayne and will be known as A & E Barker Inc. Together the companies will have $12 million in sales.
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A & E Barker will focus on industrial and commercial customers in Michigan, Indiana, Northern Kentucky and Western Ohio.
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Both companies are regional distributors for H. B. Fuller, Bostik division of Total Petroleum, Nordson Equipment, Plexus and other adhesive and equipment ...

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