Electrical distributors' net profits fell by 48 percent in 2009 compared to the previous year, while gross profit inched down slightly, according to the Electrical Manufacturers' Credit Bureau (EMCB), Murrieta, Calif. EMCB releases its National Norms for distributors' financial performance with a one-year delay, so we're just now getting a picture of how things looked back when the economic recession was in its darkest days.

Distributors' net profit before taxes fell to 2.16% of sales from 4.20% in 2008, while gross profit dipped to 20.08% from 20.24%. As shown in the table below, the net profit figures haven't looked this ugly since the recession of 2001.

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