Interline Brands Inc., Jacksonville, FL, reported sales for 2007 were $1.24 billion, up 16%. The acquisition of AmSan added $131.6 million in sales. Average organic daily sales growth was 3.7% in 2007. Profit was $51 million.
Solid execution in our facilities maintenance markets, which now represent 67% of Interline's sales, offset weakness in our pro-contractor and specialty distributor markets which resulted from deteriorating conditions in the housing industry," said President and COO William Sanford.
Sales in the fourth quarter were $330.2 million. Average organic daily sales growth was 2.3%. Interline's facilities maintenance market grew 12% on an average daily sales basis. The pro-contractor market, representing 21% of sales, declined 12.5% in the quarter. The specialty distributor market, 12% of sales, also saw a 12.5% decline.