Distributor expects negative impact from COVID-19 to be reflected in second quarter results.
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The companys planned actions will deliver $160 to $170 million in annual pre-tax cost savings, with approximately $25 to $35 million of savings projected in 2020.
The 0.3% improvement follows 10 weeks of declines and nine weeks of double-digit declines.
ASA is part of a coalition asking Congress to act quickly to enact temporary COVID-19 liability protections.
The company reported daily sales up 14.8% versus a year ago based on strength in safety.
The average annual sales growth for the 12 months through April 2020 is 1.3%.
The April figure is 3.0% above the April 2019 estimate of $1,307.1 billion.
The board of directors will begin a thorough and deliberate CEO selection process to replace Andrew Lane.
The 11.4% decline represents the smallest decline since mid-March.
The decrease in real GDP in the first quarter reflected negative contributions from PCE, private inventory investment, nonresidential fixed investment and exports that were partly offset by positive contributions from residential fixed investment, federal government spending and state and local government spending.
Profit increased 40.2% to $59.7 million.
Derek Bufkin is currently vice president, head of sales USA West for Henkels General Manufacturing & Maintenance
These changes create president roles that will drive the business units for McNaughton-McKay Electric Company and The Reynolds Company, including Flow-Zone, the most recent acquisition.
All four broad categories of indicators used to construct the index made negative contributions in April.
The index shows eight weeks of double-digit average declines and five consecutive weeks with declines in the mid-teens.
Profit for the year was $126 million, compared to $105 million in 2019.
Caldwell Hart will be responsible for strategic procurement, operational purchasing and related services, reporting directly to Jayne Millard, chairman and co-CEO, and Kathleen Shanahan, co-CEO of the electrical and industrial distributor.
