May 6, 2008

Milacron Sales Up in 1Q

Leave a Comment / Top Distributor Sectors, Subscriber Only, Power Transmission/Motion Control/Fluid Power, News, Free / MDM Staff

Milacron Inc., Cincinnati, OH, supplier of plastics-processing technologies and industrial fluids, reported a net loss of $6.9 million in the first quarter ended March 31.

Sales in the quarter were $203 million, up from $190 million. The increase was due almost entirely to favorable currency translation effects, primarily the weakening of the dollar vis-à-vis the euro and other currencies. New orders in the quarter were also $203 million, and the backlog of $134 million remained at a healthy level.

We continue to make solid progress in reducing our product costs as well as our overall cost structure,"said Ronald D. Brown, CEO. "The results of these efforts are showing up in improved manufacturing margins and operating earnings, despite difficult market ...

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Emerson Organic Growth at 6% in 2Q

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Free, Electrical / MDM Staff

Emerson, St. Louis, MO, reported sales for the second quarter ended March 31, 2008 of $6 billion, an increase of 12%. Underlying sales increased 6% in the quarter, which excludes the impact of favorable foreign currency exchange rates (4%) and impact from acquisitions, net of divestitures (2%).

Strong international results led the growth, where sales increased by 10% on an underlying basis. Regional underlying sales growth included increases of 18% in both Asia and Latin America and 19% in Middle East/Africa. Underlying sales in the U.S. softened and were up 1%.

Process Management underlying sales grew 16%, led by strength in global energy sectors and continued project wins in a range of industries. Reported sales included a favorable 5% impact from ...

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1Q Construction Spending 2.4% Below Last Year

Leave a Comment / Top Distributor Sectors, Subscriber Only, Research & Analytics, News, Free, Economic Trends, Building Materials/Construction / MDM Staff

Construction spending during March 2008 was estimated at a seasonally adjusted annual rate of $1,123.5 billion, 1.1% below the revised February estimate. The March figure is 3.4% below March 2007.

During the first three months of the year, construction spending was $241.6 billion, 2.4% below the the same period in 2007.

Private Construction
Spending on private construction was at a seasonally adjusted annual rate of $827.4 billion, 1.7% (±1.4%) below the revised February estimate of $842.0 billion. Residential construction was at a seasonally adjusted annual rate of $445.0 billion in March, 4.6% below the revised February estimate of $466.7 billion. Nonresidential construction was at a seasonally adjusted annual rate of $382.3 billion in ...

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Manufacturing Growth to Be ‘Marginal’ in 2008

Leave a Comment / Subscriber Only, Research & Analytics, News, Free, Economic Trends / MDM Staff

Economic growth in the U.S. is sustainable throughout the remainder of 2008, say the nation's purchasing and supply executives in their spring 2008 Semiannual Economic Forecast. These projections are part of the forecast issued by the Business Survey Committee of the Institute for Supply Management.

Overview
Manufacturing Growth Marginal in 2008
Revenue to Increase 1%
Capital Investment to Increase 1%
Capacity Utilization at 78.6%
Non-Manufacturing Growth Sustainable in 2008
Revenue to Increase 2.7%
Capital Investment to Decrease 2.7%
Capacity Utilization at 85.9%

Manufacturing Summary
While 42 percent of respondents predict revenues to be 9.2 percent greater in 2008 than in 2007, the overall expected ...

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May 6, 2008

Milacron Sales Up in 1Q

Emerson Organic Growth at 6% in 2Q

1Q Construction Spending 2.4% Below Last Year

Manufacturing Growth to Be ‘Marginal’ in 2008

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