Breaking News in Wholesale Distribution
Kaman Corp., Bloomfield, CT, reported fourth quarter and year end December 31, 2001 financial results for its industrial segment, Kaman Industrial Technologies.Industrial Distribution operating profits were $13.2 million in 2001, compared to $22.9 million in ...Read More
W.W. Grainger, Chicago, IL, reported sales for the year ended Dec. 31, 2001 decreased 4 percent to $4.8 billion versus $5.0 billion in 2000. Net earnings for the year were down 9.5 percent to $174.5 ...Read More
The C.H. Hanson Company, Franklin Park, IL, has acquired Ercon Inc., Ramsey, NJ, a manufacturer of layout tools under the ASquareﾮ brand name. The transaction was completed on Jan. 16, 2002. The ASquare layout tool ...Read More
The Black & Decker Corporation, Towson, MD, announced that net earnings for the fourth quarter of 2001, excluding a $99.8 million pre-tax restructuring charge, were $57.6 million. Including the restructuring charge ($70.6 million after tax), ...Read More
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Illinois Tool Works Inc., Glenview, IL, reported that 2001 fourth quarter diluted earnings per share decreased 6 percent versus the prior year period due to continued weakness in many of the company's North American and ...Read More
The Stanley Works, New Britain, CT, announced that fourth quarter net income, excluding restructuring and special charges, was $50 million, or $.57 per diluted share, matching First Call's consensus of analyst estimates. In the same ...Read More
Airgas, Inc., Radnor, PA, reported increased earnings for its third quarter ended December 31, 2001. Net earnings were $11.8 million compared to $9.9 million in the same period a year ago, on a pro forma ...Read More
Cooper's fourth-quarter 2001 revenues were $989.6 million, compared with 2000 fourth-quarter revenues of $1.11 billion. Fourth-quarter operating earnings before nonrecurring charges were $105.6 million in 2001, compared with $164.1 million for the same period in ...Read More
Profile Systems, West Springfield, MA, a privately held developer of product data and supply chain management solutions, has selected Edward Mallen to serve as its new president and CEO. Mr. Mallen has over twenty years ...Read More
The Timken Company reported that the deepening U.S. economic recession resulted in a 9 percent drop in sales in the fourth quarter, which impacted operating profits and contributed to a net loss in 2001.Sales for ...Read More