Interline Brands Inc., Jacksonville, FL, No. 15 on MDM's list of top industrial distributors, reported sales of $1.3 billion in fiscal year 2012, up 5.8 percent from 2011. Organically, sales increased 4.9 percent. The distributor recorded a net loss for the fiscal year of $15.6 million, compare to a year-ago profit of $37.7 million.
Sales to institutional facilities customers, comprising 45 percent of sales, increased 8.5 percent for the year, and 5.9 percent on an organic daily basis. Sales to multi-family housing facilities customers, comprising 32 percent of sales, increased 7.9 percent for the year, and 8.3 percent on a daily basis. Sales to residential facilities customers, comprising 23 percent of sales, decreased 1.2 percent for the year, and 0.8 percent on a daily basis.
In fiscal year 2012, Goldman Sachs Capital Partners and P2 Capital Partners completed their acquisition of Interline Brands, transitioning the distributor to a privately held company.
For the fourth quarter ended Dec. 29, 2012, sales were $323.7 million, up 6.8 percent over the same period a year ago. Organically, sales increased 4.6 percent for the quarter. The distributor recorded a net loss of $3.7 million, compared to a year-ago profit of $8.6 million.
Institutional facilities sales, comprising 46 percent of sales, increased 13.4 percent for the quarter, and 6 percent on an organic daily basis. Multi-family housing facilities sales, comprising 29 percent of sales, increased 5.2 percent for the quarter, and 6.9 percent on a daily basis. Sales to residential facilities customers, comprising of 25 percent sales, decreased 1.2 percent for the quarter, and increased 0.5 percent on a daily basis.
Financial performance in the quarter was negatively impacted by Superstorm Sandy and its aftermath, as well as the period being one selling-day shorter. During the quarter, the company also completed its acquisition of JanPak, an institutional facilities maintenance business.
