2003 EMCB Report Paints Improving Profit Picture With Gains In Net and Gross Margins

Net profits for electrical distributor profitability improved slightly in 2003 after a two-year slide, but average gross margins climbed almost a full percentage point, according to the Electrical Manufacturers’ Credit Bureau (EMCB), Temecula, Calif.

Net profits (before taxes) in the EMCB study averaged 2.41 percent in 2003, up from 2.27 percent in 2002. While that might seem like a thin margin of net profit for electrical distributors, to live on, it’s actually a bit better than the

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