The 2020 Mid-Year Economic Update_long

Interline Brands Sales Grow 31.5% in 1Q


Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales for the first quarter of 2007 increased 31.5% over the comparable 2006 period.
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Sales for the quarter ended March 30, 2007 were $295.4 million. Average organic daily sales growth for the first quarter was 3.2%. Profit was $9.4 million, compared with $8.4 million in the year-ago period.
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Michael Grebe, chairman and CEO, said Interline's facilities maintenance business posted strong sales growth, despite softness in the pro contractor market, which fell 6.2%. The facilities maintenance businesses grew by 14.1% in the quarter. Grebe expects the pro contractor and specialty distributor end-markets to continue to be difficult ...

Interline Brands, Inc., Jacksonville, FL, distributor and direct marketer of maintenance, repair and operations products, reported sales for the first quarter of 2007 increased 31.5% over the comparable 2006 period.
&nbsp ;
Sales for the quarter ended March 30, 2007 were $295.4 million. Average organic daily sales growth for the first quarter was 3.2%. Profit was $9.4 million, compared with $8.4 million in the year-ago period.
&nbsp ;
Michael Grebe, chairman and CEO, said Interline’s facilities maintenance business posted strong sales growth, despite softness in the pro contractor market, which fell 6.2%. The facilities maintenance businesses grew by 14.1% in the quarter. Grebe expects the pro contractor and specialty distributor end-markets to continue to be difficult going into the second quarter.
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During the quarter, Interline expanded its field sales force, as well as national accounts and supply chain management programs, in an effort to push organic growth initiatives.

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