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Manufacturing purchasing and supply executives expect the economic decline in the U.S. to continue through the remainder of 2009, according to the latest semiannual forecast issued by the Business Survey Committee of the Institute for Supply Management.
While 15 percent of respondents predict revenues to be 13.7 percent greater in 2009 than in 2008, an overall revenue decrease of 14.7 percent is expected for manufacturing as 67 percent expect a 25.2 percent decline, and 18 percent expect no change. This represents a significant decline in expectations from December 2008 when the panel of supply management executives predicted a 1.1 percent decrease in 2009 revenues compared to 2008.
Here's a breakdown of the survey ...
While 15 percent of respondents predict revenues to be 13.7 percent greater in 2009 than in 2008, an overall revenue decrease of 14.7 percent is expected for manufacturing as 67 percent expect a 25.2 percent decline, and 18 percent expect no change. This represents a significant decline in expectations from December 2008 when the panel of supply management executives predicted a 1.1 percent decrease in 2009 revenues compared to 2008.
Here's a breakdown of the survey ...
Kennametal, Latrobe, PA, has acquired ROMICRON technology and manufacturing from Industrias Romi S.A. Kennametal has been the global distributor of ROMICRON for the past 14 years. The ROMICRON technology and manufacturing will be integrated into Kennametal's Indaiatuba, Brazil, location and will help to strengthen the company's holemaking and precision hole finishing portfolio.
DXP Enterprises, Houston, TX, reported sales fell 6.5 percent to $157.6 million for the first quarter ended March 31, 2009. Excluding sales by three acquired businesses, sales for the first quarter of 2009 decreased 14.9 percent from the first quarter of 2008 on a same-store sales basis. Profit was $3.17 million, down from $5.4 million in the same period a year ago.
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DXP Enterprises, Houston, TX, reported sales fell 6.5 percent to $157.6 million for the first quarter ended March 31, 2009. Excluding sales by three acquired businesses, sales for the first quarter of 2009 decreased 14.9 percent from the first quarter of 2008 on a same-store sales basis. Profit was $3.17 million, down from $5.4 million in the same period a year ago.
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Modern Distribution Management's March Inflation Index, which measures a cross-section of industrial supplies, was up 0.01% from the previous month, and up 6.34% from March 2008.
Please click below to view a print-ready pdf of the MDM Inflation Index for March 2009, listing the 10 individual product categories that make up the ...
Please click below to view a print-ready pdf of the MDM Inflation Index for March 2009, listing the 10 individual product categories that make up the ...
This is the pdf of this issue of Modern Distribution Management. Apply the full $24.95 pay-per-view cost toward an annual subscription (within 30 days of purchase), which includes two issues a month plus access to more than seven years of online archives and market data. Call 1-888-742-5060 or email info@mdm.com to ...
The nation's largest banks are undergoing stress tests right now to determine their degree of leverage and financial health. On one level, it appears a little like getting the 300-pound heart-attack victim who has been eating jelly doughnuts for 20 years onto a treadmill. A five-minute exercise on a machine you're not used to won't solve the core problem. I think there's a lesson for our industry.
Distributors and manufacturers have been undergoing stress tests of a different nature for at least the past 12 months. Nearly every company we talk with has had to make significant structural changes in their organization, including layoffs. Some let employees go for the first time in decades. Your current team has had to adapt and take on more complex ...
Distributors and manufacturers have been undergoing stress tests of a different nature for at least the past 12 months. Nearly every company we talk with has had to make significant structural changes in their organization, including layoffs. Some let employees go for the first time in decades. Your current team has had to adapt and take on more complex ...
March U.S. manufacturing technology consumption was $162.94 million, according to the American Machine Tool Distributors' Association, and the Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was up 22.3% from February but down 71.9% from the total of $579.73 million reported for March 2008. With a year-to-date total of $397.56 million, 2009 is down 68.6% compared with 2008.
These numbers and all data in this report are based on data reported by companies participating in the USMTC program.
We are pleased that the monthly totals have continued to increase since the historic lows that we saw in January, said Peter Borden, AMTDA president. "This bounce may have been due to ...
These numbers and all data in this report are based on data reported by companies participating in the USMTC program.
We are pleased that the monthly totals have continued to increase since the historic lows that we saw in January, said Peter Borden, AMTDA president. "This bounce may have been due to ...
Kennametal, Latrobe, PA, has acquired ROMICRON technology and manufacturing from Industrias Romi S.A.
Kennametal has been the global distributor of ROMICRON for the past 14 years.
The ROMICRON technology and manufacturing will be integrated into Kennametal's Indaiatuba, Brazil, location and will help to strengthen the company's market holemaking and precision hole finishing portfolio.
Kennametal Inc. is a global supplier of tooling, engineered components and advanced materials consumed in production processes. As of the prior fiscal year end, sales were $2.7 billion with more than 50 percent of these revenues coming from outside North America. ...
Kennametal has been the global distributor of ROMICRON for the past 14 years.
The ROMICRON technology and manufacturing will be integrated into Kennametal's Indaiatuba, Brazil, location and will help to strengthen the company's market holemaking and precision hole finishing portfolio.
Kennametal Inc. is a global supplier of tooling, engineered components and advanced materials consumed in production processes. As of the prior fiscal year end, sales were $2.7 billion with more than 50 percent of these revenues coming from outside North America. ...
Beacon Roofing Supply, Inc., Peabody, MA, reported sales for the second quarter 2009 increased 4.9% to $319.3 million from the prior-year period.
Residential roofing sales increased 37.2% while non-residential (commercial) roofing and complementary product sales declined 12.6% and 27.1%, respectively. Residential roofing sales benefited from year-over-year price increases as well as from strong, although diminishing, re-roofing activity in markets that were affected by Hurricane Ike.
Non-residential sales slowed due, in part, to adverse winter conditions in the Company's markets that have the largest concentration of commercial business. Complementary product sales continued to be negatively impacted by both the slowdown in the economy and lower levels of new ...
Residential roofing sales increased 37.2% while non-residential (commercial) roofing and complementary product sales declined 12.6% and 27.1%, respectively. Residential roofing sales benefited from year-over-year price increases as well as from strong, although diminishing, re-roofing activity in markets that were affected by Hurricane Ike.
Non-residential sales slowed due, in part, to adverse winter conditions in the Company's markets that have the largest concentration of commercial business. Complementary product sales continued to be negatively impacted by both the slowdown in the economy and lower levels of new ...
March 2009 sales of merchant wholesalers were $310.9 billion, down 2.4 percent from the revised February level and were down 18.1 percent from the March 2008 level, according to the U.S. Census Bureau. The February preliminary estimate was revised downward $1.2 billion or 0.4 percent.
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 ...
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 ...
Heating, Airconditioning and Refrigeration Distributors International (HARDI) announced national HVACR distributor sales for the month of March 2009 were (at median) down 10.8% when compared to March 2008 in its Monthly Targeted and Regional Economic News for Distribution Strategies Report. The HARDI West Region posted the steepest decline of 32.7%. However, three Regions reported sales gains in March - Southwest (+15.7%), Great Lakes (+3.6%) and Canada (+0.6%).
By sales volume, only the small firm category ($5 million or less) posted a sales gain for March at +11%. Median Days Sales Outstanding (DSO) stood at 52.43 days up 1.2 days from February 2009.
For more information about HARDI's Monthly TRENDS Reports, including access to the complete ...
By sales volume, only the small firm category ($5 million or less) posted a sales gain for March at +11%. Median Days Sales Outstanding (DSO) stood at 52.43 days up 1.2 days from February 2009.
For more information about HARDI's Monthly TRENDS Reports, including access to the complete ...
