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HD Supply White Cap, Costa Mesa, CA, has agreed to purchase OCRO Construction Supply Inc. for $17 million. Headquartered in Livermore, CA, ORCO operates 11 distribution centers and two rebar facilities in California, Arizona and Nevada. The sale is expected to close on June 1, 2009.
HD Supply White Cap has great depth in the western markets where we currently operate and will continue to offer ORCO's customers high-quality services and a broad assortment of products, which they have come to count on, said Peter Alexander, ORCO's CEO and president.
ORCO Construction Supply will be integrated into the HD Supply White Cap business and will begin operating under the HD Supply White Cap brand following the closing of the transaction. ORCO ...
HD Supply White Cap has great depth in the western markets where we currently operate and will continue to offer ORCO's customers high-quality services and a broad assortment of products, which they have come to count on, said Peter Alexander, ORCO's CEO and president.
ORCO Construction Supply will be integrated into the HD Supply White Cap business and will begin operating under the HD Supply White Cap brand following the closing of the transaction. ORCO ...
March 2009 sales of wholesalers were $310.9 billion, down 2.4 percent from February and were down 18.1 percent from March 2008, according to the U.S. Census Bureau. March sales of durable goods were down 3.3 percent from last month and were down 19.6 percent from a year ago. Sales of metals and minerals, except petroleum, were down 10.6 percent from last month and sales of electrical and electronic goods were down 5.9 percent. Sales of nondurable goods were down 1.6 percent from last month and were down 16.9 percent from last year. Sales of petroleum and petroleum products were down 5.1 percent from last month and sales of chemicals and allied products were down 5.0 percent.
Inventories
Total inventories of wholesalers were $411.7 billion at the end of March, down ...
Inventories
Total inventories of wholesalers were $411.7 billion at the end of March, down ...
Kennametal Inc., Latrobe, PA, has agreed to sell its high speed steel drills, related product lines and assets to Chinese manufacturer Top-Eastern Drill Co., Ltd, a manufacturer of high speed steel drills and taps. The transaction includes four facilities in Evans, Georgia; Clemson, South Carolina; Mexico City, Mexico; and Mississauga, Ontario. More
Anixter International Inc., Glenview, IL, a global distributor of communication products, electrical and electronic wire & cable, fasteners and other small parts, reported sales for the first quarter ended April 3 were $1.27 billion, down 14 percent from the year ago quarter. Profit declined 54 percent to $25.7 million. ...
The Chicago Fed National Activity Index was -2.06 in April, up from -3.36 in March. All four broad categories of indicators improved in April, but each continued to make a negative contribution to the index.
The three-month moving average, CFNAI-MA3, increased to -2.65 in April from -3.29 in the previous month, improving for the third consecutive month. April's CFNAI-MA3 suggests that growth in national economic activity was below its historical trend. With regard to inflation, it indicates low inflationary pressure from economic activity over the coming year.
The increase in the index was primarily due to the production and income category, which made a much smaller negative contribution of -0.35 to the index in April compared with -1.09 in March. Total ...
The three-month moving average, CFNAI-MA3, increased to -2.65 in April from -3.29 in the previous month, improving for the third consecutive month. April's CFNAI-MA3 suggests that growth in national economic activity was below its historical trend. With regard to inflation, it indicates low inflationary pressure from economic activity over the coming year.
The increase in the index was primarily due to the production and income category, which made a much smaller negative contribution of -0.35 to the index in April compared with -1.09 in March. Total ...
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A common theme in public distributors' earnings conference calls for the second quarter was a lack of visibility into potential conditions for the rest of the year. Overall the sales environment continues to be challenging for our industry," says Michael Grebe, Interline Brands CEO. "Visibility remains extremely low, and like our distribution peers, we are not at a point where we see a meaningful recovery in the very near term."
Here is a ...
For the first time in 18 months, strengths among the components used to establish the Leading Economic Index exceeded the weaknesses, according to a report from The Conference Board. At the same time, the Coincident Economic Index and the Lagging Economic Index each fell slightly.
Seven of the ten indicators used for the LEI in the U.S. increased in April, led by increases in stock prices and interest rate spread. The LEI rose 1% to 99.0 in April, the first increase in seven months. For the six months ending in April, the index has fallen 0.6%.
The Conference Board LEI for the U.S. has been generally falling since the middle of 2007, but the pace of its decline has slowed substantially in recent months. With this month's sharp and widespread increase, the ...
Seven of the ten indicators used for the LEI in the U.S. increased in April, led by increases in stock prices and interest rate spread. The LEI rose 1% to 99.0 in April, the first increase in seven months. For the six months ending in April, the index has fallen 0.6%.
The Conference Board LEI for the U.S. has been generally falling since the middle of 2007, but the pace of its decline has slowed substantially in recent months. With this month's sharp and widespread increase, the ...
Canadian wholesale sales in current dollars fell 0.6% to $40.5 billion in March. Declining sales in the building materials and machinery and electronic equipment sectors were important factors contributing to this decrease. In terms of the volume of sales, wholesale sales were down 1.3%.
Canadian wholesalers sell to both the domestic and international markets, and are active importers and exporters. The larger decline in the constant dollar sales compared with the current dollar sales in March reflects higher prices paid by wholesalers for imported goods. This was due in part to the depreciation of the Canadian dollar versus the US dollar in March.
In March, four out of seven sectors, accounting for two-thirds of total wholesale sales, posted ...
Canadian wholesalers sell to both the domestic and international markets, and are active importers and exporters. The larger decline in the constant dollar sales compared with the current dollar sales in March reflects higher prices paid by wholesalers for imported goods. This was due in part to the depreciation of the Canadian dollar versus the US dollar in March.
In March, four out of seven sectors, accounting for two-thirds of total wholesale sales, posted ...
Both U.S. and Canadian manufacturers experienced a drop in sales in March 2009 according to sales data released by the Power Transmission Distributors Association. Confidence in the market (as measured on a scale of 1 to 10 with 10 being most optimistic) has also eroded, holding a current negative position between 4.6 and 4.9.
Following a negligible increase in sales in February 2009,
manufacturers' sales dropped by 4.2% in March 2009. Compared to the same period last year, sales in March 2009 were down 24.9%. Orders in March 2009 continue to drop with a 7.8% decrease over February 2009 sales.
Canadian manufacturers' sales were down 7.9% compared to February 2009. Sales were down 29.0% when compared to the ...
Avnet, Inc., Tempe, AZ, reported sales of $3.7 billion for the third quarter fiscal 2009 ended March 28, 2009, a decrease of 16.3% over the prior year period. Organic sales were down 22.3%.
Profit declined 83.2% to $18 million. Excluding charges related to restructuring, integration and other special items, profit fell 58.2% to $44.8 million.
Electronics Marketing sales fell 20.1% year over year to $2.1 billion, with declines occurring in all geographic regions.
Technology Solutions sales of $1.60 billion were down 10.8% from the prior year period. While still down, sales in this segment appear to have stabilized, CEO Roy Vallee said. ...
Profit declined 83.2% to $18 million. Excluding charges related to restructuring, integration and other special items, profit fell 58.2% to $44.8 million.
Electronics Marketing sales fell 20.1% year over year to $2.1 billion, with declines occurring in all geographic regions.
Technology Solutions sales of $1.60 billion were down 10.8% from the prior year period. While still down, sales in this segment appear to have stabilized, CEO Roy Vallee said. ...
