Interline Sales Down 5% in 1Q, Though Profits Surge
Industrial distributor Interline Brands reported
sales for the first
quarter of 2010 decreased 4.5% compared to the first quarter of 2009.
Industrial distributor Interline Brands reported sales for the first quarter of 2010 decreased 4.5% compared to the first quarter of 2009. Earnings per diluted share were $0.17 for the first quarter of 2010, an increase of 89% compared to earnings per diluted share of $0.09 for the same period last year.
Interline's facilities maintenance end-market, which comprised 72% of sales, declined 3.1% during the first quarter. The professional contractor end-market, which comprised 16% of sales, declined 8.9% for the quarter. The specialty distributor end-market, which comprised 12% of sales, declined 6.7% for the quarter.
Although the company reported a 91 percent rise in first-quarter profit, it was due mainly to lower operating expenses.
Read here for the full press release.
Industrial distributor Interline Brands reported sales for the first quarter of 2010 decreased 4.5% compared to the first quarter of 2009. Earnings per diluted share were $0.17 for the first quarter of 2010, an increase of 89% compared to earnings per diluted share of $0.09 for the same period last year.
Interline's facilities maintenance end-market, which comprised 72% of sales, declined 3.1% during the first quarter. The professional contractor end-market, which comprised 16% of sales, declined 8.9% for the quarter. The specialty distributor end-market, which comprised 12% of sales, declined 6.7% for the quarter.
Although the company reported a 91 percent rise in first-quarter profit, it was due mainly to lower operating expenses.
Read here for the full press release.
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