Interline Brands, Inc., Jacksonville, FL, a distributor and direct marketer of maintenance, repair and operations products, reported sales for the second quarter of 2006 increased 15.6% over the comparable 2005 period.
Sales for the quarter ended June 30, 2006, were $235.4 million. Average organic daily sales growth for the second quarter was 11.8%.
Interline recorded a net loss of $2.865 million compared with profit of $8.5 million last year. As previously disclosed, the company recorded a $20.7 million loss on early extinguishment of debt in connection with the refinancing of its indebtedness on June 23, 2006.
“Our revenue growth in the second quarter was driven by strong organic growth in our two largest customer end markets. Facilities maintenance grew 10% organically, while the professional contractor market grew 14%,” said William Sanford, Chief Operating Officer.
Sales for the six months ended June 30, 2006, were $460.1 million, a 15% increase over sales of $400.2 million in the comparable 2005 period. Average daily sales for the first six months of 2006 increased 15.9%. Average organic daily sales growth for the six months was 11.2%.
Proft was $5.5 million, compared with $9.9 million during the first six months last year.