The 2020 Mid-Year Economic Update_long

Day: October 26, 2007

DXP Enterprises 3Q Organic Growth at 14.5%

DXP Enterprises, Inc., Houston, TX, reported profit of $4.5 million for the third quarter ending Sept. 30, 2007, compared with profit of $2.9 million in the third quarter 2006. Sales increased 56.6% to $106.8 million from $68.2 million for the third quarter of 2006. Sales by the businesses acquired since July 1, 2006, accounted for $28.7 million of the sales increase.
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Excluding sales by the acquired businesses, sales for the third quarter of 2007 increased 14.5% from the third quarter 2006.
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Year-to-date profit increased 37.8% to $11.6 million. Sales increased 37.5% to $275.7 million. Sales by the businesses acquired since July 1, 2007, accounted for $52.2 million of the sales increase. Excluding sales of the acquired businesses, sales for the first nine ...

Report: Industrial Manufacturing Optimism Index Falls

The following findings from PricewaterhouseCoopers'Manufacturing Barometer, a quarterly survey, are based on interviews conducted between August 1, 2007, and October 12, 2007, with 60 senior executives of large, multinational U.S. industrial manufacturing companies.

Optimism Falls Sharply Among Industrial Manufacturing Executives
Optimism in the U.S. economy dropped significantly among industrial manufacturers during the third quarter of this year according to PricewaterhouseCoopers'Manufacturing Barometer. Less than half of those surveyed, 45%, are optimistic about the domestic economy, a 17-point drop from the 62% level of optimism reported last quarter.

Higher Energy Costs, Lack of Demand Lead Concerns
Consistent with ...

Trelleborg 3Q Organic Growth at 12%

Swedish industrial supplier Trelleborg AB reported organic growth of 12% in the third quarter 2007. Operating profit was up by 49%.

Overall sales were up 18% to SEK7.5 billion (US$1.17 billion), and to SEK23.2 billion (US$3.6 billion) for the first nine months of 2007.
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Profit in the third quarter was SEK217 million (US$33.9 million), and for the first nine months, SEK698 million (US$109 million).
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View the full report here or here.

Exchange rates as of Oct. 26, ...

Airgas Same-Store Sales Up 6% in 2Q

Airgas, Inc., Radnor, PA, distributor of industrial, medical, and specialty gases, and welding, safety, and related products, reported sales in its second quarter 2007 ended Sept. 30, were up 27% to $1 billion. One quarter of the acquisition of Linde's packaged gas operations accounted for up to half of that increase.
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Total same-store sales were up 6%, with hardgoods up 7% and gas and rent up 5%.
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Profit was up 28% to $51 million.
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