On average, respondents to the latest quarterly MDM/Baird survey said third-quarter revenues were up 6 percent.
Latest In Quarterly MDM-Baird Distribution Survey
On average, respondents to the latest quarterly MDM/Baird survey said second-quarter revenues were up 7.8 percent.
While there has been some improvement, most respondents still feel uncertain about the economy. "The economy is relatively difficult to …
First-quarter revenues among survey respondents were down 0.9 percent from last year, and pricing and gross margins were flat. Overall, survey respondents expect an average 3.1 percent increase in revenues in the second quarter 2010, and 3.9 percent growth for 2010 overall.
The second quarter Baird Industrial Distribution Survey indicates that average second quarter year over year revenues were slightly worse than the first quarter, with the third quarter forecast slightly better than current quarter trends. Encouragingly, pricing and gross margins appear to be holding relatively steady while inventory levels continue to decline with no re-stock expected in the near-term.
The bottoming process appears to be underway in most industries," said David Manthey, CFA, Baird's senior research analyst who leads the firm's Industrial Distribution sector research. "With conditions stabilizing and inventories at very low levels throughout most supply chains, industrial distributors should continue to see improvement into 2009."
Pricing and gross profit margins appear to be holding relatively steady. The survey also shows 68% of respondents expect some level of benefit to their business as a result of U.S. Government stimulus efforts.
Baird's Industrial Distribution Research Team, led by Senior Research Analyst David Manthey, CFA, collected feedback on first quarter results from nearly 300 independent and captive distributors with combined annual revenue in excess of $40 billion. Key survey findings include:
On average, respondents' fourth quarter revenues were down significantly, with increased pricing offsetting unit volume declines. Expectations are for continued declines through 2009, though the trajectory should not be as severe as it was in recent weeks which were negatively impacted by abnormal holiday closures.
Baird's Industrial Distribution Research Team, led by senior research analyst David Manthey, CFA, collected feedback on fourth quarter results from nearly 300 independent and captive distributors with combined annual revenue in excess of $30 billion. Key survey findings include: