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In The News:

Breaking News in Wholesale Distribution

Prophet 21 announces strong Q1 results

Prophet 21, Inc., Yardley, PA, a provider of business technology and services to the durable goods distribution market, announced significant revenue growth and profitability in the first quarter of fiscal year 2002. Revenues for the ...
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Sonoco buys Hayes Manufacturing

Global packaging company Sonoco, Hartsville, SC, has completed the all-cash purchase of privately held, Hayes Manufacturing Group Inc., Neenah, WI, a $56-million manufacturer of paper-based tubes, cores and composite cans.Hayes produces paper-based tubes and cores ...
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Pentacon reports revenue drop

Pentacon, Inc., Chatsworth, CA, for the quarter ended Sept. 30, 2001, reported net income of $0.8 million compared to a net loss of $0.5 million for the prior year period. Pentacon reported revenues of $64.5 ...
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NAPM - Manufacturing continues to slow in October

Economic activity in the manufacturing sector declined for the 15th consecutive month in October while the overall economy also failed to grow after four consecutive months of growth say the nation's purchasing and supply executives ...
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Pentacon makes interest payment

Pentacon, Inc., Chatsworth, CA, made the interest payment due on Oct. 1, 2001 on its 12 1/4 percent Senior Subordinated Notes due Apr. 1, 2009. The company also announced that it has reached agreement with ...
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Kaman reports 2001 Q3, nine month results

Kaman Corp., Bloomfield, CT, reported financial results for the third quarter and nine months ended Sept. 30, 2001. Net earnings for the quarter were $8.5 million, compared to $9.5 million in the same quarter last ...
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Stanley Works reports Q3 net earnings up 11% over prior year

The Stanley Works, New Britain, CT, announced that third quarter net income was $54 million, up 11% over last year. Net sales of $676 million were 1% lower than last year. On a segment basis, ...
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ITW reports 3 % decline in revenues for Q3 2001

Illinois Tool Works Inc., Glenview, IL, reported that 2001 third quarter diluted earnings per share decreased 25 % versus the prior year period primarily as a result of continued slowing in many of the company's ...
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