Home » Strategic Distribution Records Net Loss for 1Q 2006
Strategic Distribution Records Net Loss for 1Q 2006
May 12, 2006
MRO distributor Strategic Distribution Inc., Bristol, PA, reported its revenues for the three months ended March 31, 2006, increased $7.7 million, or 26.5%, to $36.7 million from $29 million in the same period last year. The company recorded a net loss of $1.096 million, compared with a net loss of $1.601 million for the same period in 2005.
Revenues from existing customers increased by $6.9 million in the first quarter, due to an increase in volume of product sales compared with the same period in 2005. These increases were offset by a $0.3 million reduction in revenues for a closed site. New customers accounted for $1.1 million in revenue.
For more details on Strategic Distribution's first quarter earnings, see its 10-Q filing with the SEC here.