Posted August 5, 2011
Interline Brands sales up 17.6%
Interline Brands said its sales for the quarter were $317.7 million, a 17.6% increase compared to $270.2 million in the comparable 2010 period.
Interline's facilities maintenance end-market, which comprised 77% of sales, increased 24.9% during the second quarter, and 3.7% on an average organic daily sales basis. The professional contractor end-market, which comprised 13% of sales, decreased 0.3% for the quarter. The specialty distributor end-market, which comprised 10% of sales, decreased 3.3% for the quarter. Not including the acquisitions of CleanSource and Northern Colorado Paper, average organic daily sales increased 2.2% for the quarter.
"We continue to be encouraged by the trends within the institutional and multi-family facilities maintenance end-markets, though our large customers remain focused on cost control. In addition, our recent acquisitions in the jan-san space are contributing to our growth and broadening our reach in underpenetrated markets and geographies," said Michael J. Grebe, chairman and chief executive officer.
Second quarter 2011 operating income of $22.0 million, or 6.9% of sales, increased 15.0% compared to $19.2 million, or 7.1% of sales, in the second quarter of 2010.
Sales for the six months ended July 1 were $615.1 million, a 19.3% increase over the comparable 2010 period.
