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.

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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.

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