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The company reported a 7% organic decline primarily related to impacts from COVID-19.
Executives at the health and safety distributor review key performance indicators each week in order to actively monitor how the coronavirus is affecting the business. The dashboard is helping to shape how SPI will move forward, says COO Kim Levesque.
So far, all but one participant in the Pandemic Revenue Index has realized an aggregate sales decline over the past five weeks with an average decline of 22.4%.
The company reported profit of $12.5 million, compared to $4.1 million in the same period a year ago.
The company reported a 7% organic decline primarily related to impacts from COVID-19.
The company reported a profit of $134.2 million, compared to a loss of $146.9 million during the same quarter last year.
Customers looking to reset after COVID-19 disruption will want efficiency gains made possible by data, digitization and automation, says Suroor Anwar, VP at the electronic products distributor.
In the fourth quarter of 2019, real GDP increased 2.1%.
