Strategic Distribution Records 2Q Net Loss; Sales Up 10%
Strategic Distribution, Inc., Bristol, PA, provider of maintenance, repair and operating
(MRO) supply chain management services, reported revenues of $37.2 million for the second quarter 2006, compared with $33.7 million for the same period last year.
The increase was attributable to $1 million within the existing customer base and $2.9 million from new customers, offset by a $0.4 million decline in revenues relating to contract terminated in prior periods.
The company reported a net loss of $1.1 million in the second quarter 2006. The results for the second quarter include an increase to the company's provision for doubtful accounts of $0.5 million, driven by one of the company's ...