MRO, construction materials distributor forecasting a slow recovery for 2010.
October 22, 2009
Results for the electrical manufacturer reflect lower global demand in construction, industrial maintenance and power distribution markets.
Sales exceeded earlier guidance despite continued economic challenges.
Sales for the manufacturer of electrical and electronic products fell 19% for the quarter.
Numbers from The Conference Board suggest 'recovery is developing.'
Emerging markets begin showing improvement for the Swedish manufacturer.
Electronics & Communications, Display & Graphics segments posted year-over-year gains for the diversified manufacturer.
Profit for the global manufacturer fell 41.3%.
Sales for the manufacturer of polymer products fell 17%.
New organization will continue to operate under all three existing brands for 'the immediate future.'
As uncertainty continues to impact the metal services center, CEO declines to provide earnings guidance for 4Q.