Daily sales increased 6 percent versus October 2011, and included 4 percentage points from price, 1 percentage point from volume and 1 percentage point from sales of hurricane-related products. The month of October 2012 had 23 selling days versus 21 selling days in October 2011.
The new digital catalog includes a fully searchable index by keyword and part number to deliver great results, and allows users to enter digital notes on catalog pages. More than 4,000 new products this year have a red “NEW” product designation to find product and part number indexes for a easier, more efficient ordering process.
Operating loss of $26.8 million for the third quarter of 2012, compared to operating income of $26.2 million in the comparable 2011 period, was impacted by $54.6 million in merger-related expenses associated with the previously disclosed acquisition of Interline.
The Dover wholesale store will be moving soon to a new larger facility at 218 Knox Marsh Road, right off Route 155. At the new location, F.W. Webb will stock more itmes, including plumbing, heating, HVAC/R, LP and natural gas and water systems.
Net sales were of $1.4 billion for the third quarter of 2012, a decrease of 4.7% compared to the same period in 2011. Net sales for the first nine months of the year increased 0.9% to $4 billion. The company also reported $20 million in net income for the quarter, a 38.5% decrease from the same period last year.
Net income decreased by 14.8% or $0.7 million from 2011 and sequentially by 4.3% or $0.2 million. Although daily sales for the period remained inconsistent, and primarily a function of post-recession geographic strength, positive momentum involving increased MRO order count continued during the period. We estimate sales declines from the prior year period were equally dispersed between project and MRO markets.
A gasoline rationing plan that lets motorists fill up every other day went into effect in New York on Friday morning, as utility crews made some progress erasing outages that put thousands of new homes and businesses in the dark in a region still reeling from Superstorm Sandy.
New England Industrial Truck, headquartered in Woburn, Mass., achieved gold-level honors in the Nissan Forklift SEP for 17 consecutive years. It became a Nissan Forklift dealer in 1978 and has earned the Gold SEP honor every year since the program was established in 1995.
Total revenues from continuing operations rose to $11.3 million in the third quarter of 2012, compared to $7.3 million in the third quarter of 2011, primarily due to the inclusion of NABCO. On a sequential basis, total revenues increased $1.5 million, or 15.9%, from the second quarter of 2012, primarily due to a seasonally strong performance by NABCO.
E2open, a leading provider of cloud-based solutions for collaborative execution across global trading networks, today announced an initiative to integrate social technologies into its E2open Business Network. This will allow participants to improve productivity and increase opportunities for higher revenue attainment and lower operating costs derived from improved supply chain responsiveness.
The acquisition included three separate businesses with distinct locations: Bearing Sales of Great Falls, MT (newly designated BDI Branch 112); Columbia Bearing of Moses Lake, WA (designated BDI Branch 110); and Northwest Bearing of East Wenatchee, WA (designated BDI Branch 111).
Houston Wire & Cable Company today declared a cash dividend of $0.09 per share on the Common Stock, payable November 29, 2012. The Company continues sharing its success with shareholders as this fourth quarter dividend marks the twenty-second payment since the dividend initiation in August 2007.
Fastenal Company released the numbers for their October sales month, noting that sales rose 16.9% year over year. Net sales in October 2012 were $288,540, up from 246,735 in the same month of 2011. There were two less business days in October of 2012, relfecting a daily sales change of -6.8%.
Richard S. Smith, Jr. has been named Vice President, Deputy General Counsel and Assistant Secretary reporting to Shawn G. Lisle, Senior Vice President and Deputy General Counsel. The dividend will be paid on January 8, 2013 to shareholders of record on December 24, 2012.
Sempermed is pleased to announce two new members of the Acute Care sales team, Marcia Currie and Amanda Kimball. Based out of the Greensboro area, Marcia is now the Territory Manager for North Carolina, South Carolina and Southern Virginia. Based out of Houston, Amanda is now the Territory Manager for Southern Texas and Southern Louisiana.
Net income was $13.1 million for the third quarter. Sales increased $82.1 million, or 39.5%, to approximately $289.9 million from $207.9 million for the same period in 2011. After excluding sales from acquisitions, sales increased 7.4% from 2011, on a same store sales basis.
Residents of New York and New Jersey who were flooded out by Superstorm Sandy waited with dread Wednesday and heard warnings to evacuate for the second time in two weeks as another, weaker storm spun toward them and threatened to inundate their homes again or simply leave them shivering in the dark for even longer.
The Epicor solution will provide BlackHawkIndustrial with a scalable business management system for 420 users initially, incorporating a Microsoft Windows-based platform and SQL Server database to improve warehouse, order and inventory management; purchasing automation; financial management; and reporting and business intelligence analysis.
The Commerce Department says factory orders rose 4.8 percent in September compared to August, a month when orders had fallen 5.1 percent. The September gain was the biggest since March 2011 and was driven by a surge in demand for commercial aircraft, a volatile category which had seen orders plunge in August.
Barnes Distribution, a business of Barnes Group Inc , and the leader in vendor-managed inventory for maintenance, repair and operating parts and supplies, released the digital version of its 2012-2013 master catalog. The new digital catalog includes a fully searchable index by keyword and part number to deliver rapid search results.