The reported year-to-date total through June 2013 was $1,014 million, down 8.2 percent from shipments levels for the same period in 2012.
The facility will serve the Morgan and Lawrence counties in Alabama. Counter Sales Manager Brad Pitts will lead the sales effort for Graybar. A grand opening celebration is planned for September.
Fiscal 2013 full-year sales were a record $2.46 billion for the company, up 3.7% from fiscal 2012 sales of $2.38 billion. Net income for the year increased to a record $118.1 million, or $2.78 per share.
Commercial reported revenues of $27.1 million, a $0.6 million decline from the same period in the prior year. The decrease in earnings was primarily due to lower revenues and lower gross margin rates.
Both companies are headquartered in Tuscaloosa, Alabama and will be combined to operate under the name Supreme Building Products, an RSG company.
Spanning an area of over 11,000 square meters, the new construction offers space for over 100 work stations, while the distribution center has capacity for over 1,200 tons.
The company reported net sales of $1.5 billion for the second quarter of 2013, an increase of 6.3% compared to the same period in 2012.
With a year-to-date total of $2,538.55 million, 2013 is down 5.7 percent compared with 2012.
The paramount focus of EMO Hannover 2013 will be on “Intelligence in Production.” A German-American duo of companies have already made a name for themselves with virtual methods and programs themed around metal-cutting.
"Everything is in a bit of a wait-and-see approach," said Stan Shamu, market strategist at IG in Melbourne, Australia, as traders waited to see whether the U.S. Federal Reserve would begin winding down its massive stimulus program.
Key benefits to customers include: millions of dollars in premium shipments cost avoidance (per year); up to a 30 percent reduction in fleet equipment; up to 50 percent fewer pickup and delivery delays; and up to a 20 percent increase in load efficiency.
Mulberry, FL-based FSP is recognized as a leading mechanical seal supplier in the Florida marketplace. The company supports its product offering with a suite of aftermarket parts and service offerings that provide a total lifecycle solution to its customers.
Kemp Electric wanted to find an enterprise resource planning (ERP) software which could be implemented quickly and cost-effectively but, most importantly, could reliably meet the intricate and unique needs of the electrical wholesale distribution industry.
While both the previous building and the new facility are comparable in size at 12,000 square feet, the layouts are very different, making a large difference in the work flow processes.
The agreement contains two follow-on options that, if exercised, would raise the total value and extend the contract through mid-2017. Deliveries under Option 10 are anticipated to begin in the second half of 2014.
Rick Hamada, Avnet CEO, commented, “Given our confidence in and commitment to long-term shareholder value creation, we believe now is an appropriate time to incorporate a more consistent element of returning capital to shareholders in the form of a dividend."
Daily sales increased 4 percent versus July 2012, and included 5 percentage points from volume, 1 percentage point from price, and 1 percentage point from acquisitions.
This acquisition now strategically positions the Revere organization to fully support the markets of Southern Wisconsin, Northern Illinois, and Central Illinois.
Total sales increased 11.9% to $627.2 million in 2013 from $560.5 million in 2012. Organic sales increased 1.2%. In existing markets. Residential and non-residential roofing product sales increased 0.2% and 1.1%, respectively.
China's reputation as a global center for industrial spying is well established but experts say the scale is growing as Beijing tries to create its own competitors in fields from robotics to energy to pharmaceuticals.