The 2020 Mid-Year Economic Update_long

Interline Brands Grows Sales 5.7% in 3Q

Organic sales for the facilities maintenance end-market grew 7.5 percent.

Interline Brands Inc. (NYSE: IBI), Jacksonville, FL, No. 15 on MDM's list of the top 40 industrial distributors, reported sales for the third quarter of $350.3 million, a 5.7 percent increase compared to the comparable 2011 period.

\"TheDownload a Free Chapter:
The Little Black Book of Strategic Planning for Distributors

Submit your email address below to receive a chapter of Brent Grover’s new book. When you submit your email you will be signed up to receive weekly distribution news updates.

\"\"

The facilities maintenance end-market, which comprised 78 percent of sales, increased 8.1 for the quarter and 7.5 percent organically. The professional contractor end-market, 13 percent of Interline sales, decreased 0.6 percent. The specialty distributor end-market, 9 percent of sales, decreased 4.5 percent.   

The distributor reported a loss of $28.4 million for the quarter, compared to a year-ago profit of $12.4 million for the same quarter.

For the first nine months, sales were $998.7 million, an increase of 5.5 percent over the prior-year period. Nine-month losses were $11.9 million, versus a year-ago profit of $29.1 million for the first three quarters.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.