Neil A. Schrimsher – President, Chief Executive Officer & Director Saw a stabilization as we went through the quarter, April was consistent with that ” For us, our sales per day, we had improvements really each month throughout the quarter, … Continued
Erik Gershwind The environment remained difficult and root causes haven’t changed “As expected, the environment remained difficult and the root causes have not changed. Sustained low oil prices and the strong U.S. dollar with its negative impact on export demand … Continued
HD Supply’s (HDS) CEO Joe DeAngelo on Q4 2015 Results Debt to EBITDA down to 4.6x from 8x in June 2013 “The ratio of net debt for adjusted EBITDA was currently 4.6 times down from nearly eight times at our … Continued
Fastenal’s (FAST) CEO Dan Florness on Q4 2015 Results 59 of our top 100 customers contracted in December of last year “In the first quarter of this year, 72 of our top 100 customers grew. In the second quarter, that … Continued
http://seekingalpha.com/insight/earnings-center/article/3793986-msc-industrial-direct-msm-erik-gershwind-on-q1-2016-results-earnings-call-transcript MSC Industrial Direct (MSM) Erik Gershwind on Q1 2016 Results The environment continued to deteriorate as expected “The environment continued to deteriorate as expected. The root causes for the slowdown remain the same. The rapid and sustained drop in … Continued
John Engel Industrial end market should be down mid to high single digits next year “Taking a look at our end-markets, we’ll start with the industrial end-market, which accounts for about 40% of our total sales. We expect this end-market … Continued
HD Supply’s (HDS) CEO Joe DeAngelo on Q3 2015 Results Construction end markets continue to be solid “our end market views are mostly unchanged from our disclosure in September. We believe the construction end market continue to be solid. In … Continued
Watsco (WSO) Albert H. Nahmad on Q3 2015 Results HVAC distributor Watsco champions its tech savvy “Here are some examples of what we’re doing in technology. We have launched mobile apps in e-commerce to enable customers to buy from us … Continued
Willard Oberton – President, Chief Executive Officer CFO will be new CEO “I’d first like to start out telling you how happy the board, Fastenal board and myself are to announce Dan as our new CEO.’ Fastener business now negative … Continued