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Stoneburner was previously at Motion Industries, where he most recently served as the senior VP - Eastern US Branch Sales and Operations, Mergers and Acquisitions.
Paul DeSantis will take over for Bonnie Lind as senior vice president, CFO and treasurer.
Pharmaceutical Distribution Services revenue was $45.6 billion, an increase of 9.3% compared to the same quarter in the prior fiscal year.
Supply Technologies net sales declined 15% year-over-year and totaled $141 million compared to $165 million last year.
The decline reflected lower sales to the Vehicle market, partially offset by growth in Industrial and Medical, which included contributions from Dynamic Controls.
All but one participant in the Pandemic Revenue Index realized a sales decline year over year, with a maximum decline of 43%. We now have six weeks of double-digit average declines.
Profit was $16.7 million, compared to $6.7 million in the first quarter of 2019.
The company reported a loss of $331 million for the quarter, compared with a profit of $18 million a year ago.
First quarter Electronic Instruments Group sales were $774.2 million, down 4% compared to the same period in 2019.
