Solid First-Quarter Sales Reflect Higher Commodity Prices and Increasing Demand

The first-quarter financial statements for publicly held electrical are encouraging, with several firms registering double-digit increases in sales and earnings over first-quarter 2003.

Factors at play for the boosted sales performances include manufacturers and distributors passing the commodity steel and price increases on to their customers and four additional sales days in first-quarter 2004 over first-quarter 2003. A sampling of these forecasts follow.

Grainger sales i

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