Industrial Distribution Group Sales Down 3% YTD

Industrial Distribution Group, Inc., Atlanta, GA, reported sales fell 3% to $134.3 million in the third quarter ended Sept. 30, 2007. Profit was $1.3 million, compared with profit of $1.8 million in the prior-year period.
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Year-to-date, sales were $402 million, down 3% from the prior-year period. Profit for the nine-month period was $2.8 million, down from the $4.9 million in the prior-year period.
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Revenues from Flexible Procurement Solutions, IDG's integrated supply offerings including storeroom management, comprised 61.9% of IDG's total sales for the third quarter 2007, up from 60.3% of sales in the same period 2006. &nbsp ; Comparing ongoing activities unrelated to one-time 2006 inventory sales, FPS sales for the third quarter 2007 increased $1.4 million or ...