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
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.