Interline Brands sales up 20.4 percent
Interline Brands reported sales for the third quarter were $421.5 million, a 20.4% increase compared to sales of $350.3 million in the same period last year.
The company reported a net loss for the quarter of $7.2 million compared to $28.4 million for the third quarter of the comparable 2012 period.
On an organic sales basis, sales increased 3.0% for the quarter. Sales to institutional facilities customers, comprising 50% of sales, increased 44.7% for the quarter, and 2.2% on an organic sales basis. Sales to multi-family housing facilities customers, comprising 31% of sales, increased 4.8% for the quarter. Sales to residential facilities customers, comprising 19% of sales, increased 2.3% for the quarter.
"We are encouraged by the fact that growth accelerated across all of our facilities maintenance end-markets during the quarter, in spite of what continued to be an overall sluggish macroeconomic environment," said Michael J. Grebe, chairman and chief executive officer.
Sales for the first nine months of the year were $1.2 billion, a 21.0% increase compared to sales of $998.7 million for the same period in 2012.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
