August 6, 2009 - Modern Distribution Management

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August 6, 2009

BlueLinx Holdings Sales Down 49% in Second Quarter

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Free, Building Materials/Construction /

BlueLinx Holdings Inc., Atlanta, GA, a distributor of building products in North America, reported sales for the second quarter ended July 4, 2009, of $424 million, down 49% from the same period a year ago. Profit declined 91% to $0.6 million.

While we continue to operate in a weak demand environment, I am encouraged by signs indicating our industry may be stabilizing" said George Judd, president and CEO.

For the six months ended July 4, 2009, net loss totaled $60.0 million on sales of $831 million, compared with a net loss of $4.0 million on revenues of $1.55 billion a year ...

BlueLinx Holdings Sales Down 49% in Second Quarter Read More »

Kaman Corp. Profit Up 31.9% in 2Q

Leave a Comment / Top Distributor Sectors, Subscriber Only, News, Free, Companies /

Bloomfield, CT-based Kaman Corp. reported sales for the second quarter were $293.2 million, down 7.3% from second quarter 2008. Profit increased 31.9% to $9.4 million. Sales for the first half of 2009 were $587.3 million, down 2.5% from the first half of last year. Profit decreased 1.3% to $14.8 million.

Industrial Distribution second quarter segment sales were $156.0, a decrease of 23.3% from the prior year. The segment's sales reflect the continued difficult economic environment and resultant weak market conditions in addition to a very strong comparative period in 2008 which experienced a sales increase of 16.5%. For the six-month period, sales in the Industrial Distribution segment totaled $332.9 million, compared with $385.5 million in the year ago period. Organic growth ...

Kaman Corp. Profit Up 31.9% in 2Q Read More »

Pharmaceutical Distributors Have Positive Quarter

Leave a Comment / Top Distributor Sectors, Subscriber Only, Pharmaceutical & Health Care, News, Free /

The quarter ended June 30, 2009 provided positive earnings results for major pharmaceutical distributors Owens & Minor, McKesson Corp. and AmerisourceBergen.
Second quarter sales for Owens & Minor, Richmond, VA, were $2.01 billion, an increase of 13.7% over the same period a year ago. Profit was flat in the year over year comparison at $23.6 million.

Year-to-date, Owens & Minor sales were $3.96 billion, up 13.3% from the first half of 2008. Profit decreased 21.4% to $37.6 million, due in part to charges associated with exiting the direct-to-consumer business during the first quarter.

San Francisco, CA-based McKesson's fiscal year 2010 first quarter sales were flat with first quarter 2008 sales at $26.7 billion. Profit improved 23% to $288 million.
Sales for ...

Pharmaceutical Distributors Have Positive Quarter Read More »

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