The 2020 Mid-Year Economic Update_long

Interline Brands Sales Up 4.9% in 1Q

The company reported a loss for the quarter of $3.8 million.

Interline Brands Inc., Jacksonville, FL, distributor and direct marketer of broad-line MRO products to the facilities maintenance end-market, reported sales for the first quarter of $411.7 million, an increase of 4.9 percent year-over-year. The company reported a loss for the quarter of $3.8 million, compared to $6.1 million for the prior-year quarter.

Sales to institutional facilities customers increased 5.7 percent for the quarter, while sales to multifamily housing facilities customers increased 6.4 percent and sales to residential facilities customers increased 2 percent.

"I am pleased with our results for the first quarter, which reflect solid performance and share gain across our largest end markets," said CEO Michael J. Grebe. "Despite some inclement weather, net sales grew by almost five percent during the quarter driven by our growth investments and continued strength in our institutional and multi-family businesses."

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