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Net Profits for Distributors Dropped in 2009 According to EMCB Data

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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Industry Calendar

June 3-6
Windpower 2012
Atlanta; American Wind Energy
Association (AWEA); 202-383-2500, www.windpowerexpo.org

July 11-12
NAED Congressional Fly-In
Washington, D.C.; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org

July 19-21
NAED 2012 Lead Conference
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org

August 20-22
NAED 2012 AdVenture
Chicago; National Association of Electrical Distributors (NAED), 314-991-9000, www.naed.org

.... More events and information

 

 
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