The company reported an operating loss of $115.8 million.
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Sales were down nearly 5% in constant currencies.
Sales in its fluid handling segment decreased 6%.
The company reported profit of $376 million, a 30% drop when compared to the year-ago period.
Safety and Industrial group sales of $2.9 billion were down 1% in U.S. dollars.
Safety and Industrial group sales of $2.9 billion were down 1% in U.S. dollars.
The company reported profit of $376 million, a 30% drop when compared to the year-ago period.
The company reported an operating loss of $115.8 million.
Profit was $35.7 million, down 9% over 2019.
The e-commerce product is designed for businesses which need an immediate way to improve productivity, offer quality online experiences and stay connected to their valued customers and suppliers.
Organic sales fell 8%. Profit for the quarter fell 12.5% year-over-year to $29.7 million.
Paris, France-based electrical distributor Rexel reported sales for the first quarter of 3.2 billion (US$3.5 billion), down 2.7% from the same period a year ago. On a constant, same-day basis, sales were up 3.3%.
These product groups provide a snapshot of inflation trends based on the Producer Price Index from the U.S. Bureau of Labor Statistics. First quarter 2020 pricing levels are compared with fourth quarter 2019 and first quarter 2019.
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Wholesale revenues, inventories and ratios from February 2020.
Modern Distribution Management's monthly Industrial Inflation Index measures a cross-section of industrial supplies.
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In this two-page report, available to download in PDF after log-in, we feature data on merger and acquisition trends and financial metrics for the largest publicly traded distributors across diverse sectors in the fourth quarter of 2019.
In partnership with Houlihan Lokey, an investment banking firm, the report includes data on M&A activity trends across all industries (not just distribution), as well as valuation multiples for deals in all industries.
MDM's top news briefs from News briefs from April 11 - April 15, 2020.
On a constant currency basis, daily sales were up 5.5%.
Operating profit decreased 14.7% to SEK 2.3 billion (US$230 million).
Though the sales decline is much lower than previous weeks it is likely that this is not a reflection of significantly improving business conditions.
