Interline Brands Inc. (IBI)

Interline Brands, Inc. operates as a distributor and direct marketer of maintenance, repair, and operations products in the United States, Canada, and central America. It offers plumbing products, including faucet parts, water heaters, tubular products, bathroom renovation kits, and plumbing accessories; janitorial and sanitary products, such as brooms, mops, trash can liners, cleaning chemicals, paper towels, and bath tissue; electrical and lighting products ranging from electrical wire and breakers to light fixtures and light bulbs; and heating, ventilation, and air conditioning products, including condensing units, thermostats, fans, and motors, as well as specialty ventilation and chimney maintenance products. The company also sells appliances and parts, including stoves, washer/dryer components, garbage disposers, refrigerators, range hoods, and replacement parts; security products ranging from individual lock-sets to computerized master-key systems; and hardware and tools, including hinges, power tools, and mini blinds. The company offers its products to facilities maintenance customers, which include multi-family housing facilities, educational institutions, lodging and health care facilities, and government properties and building service contractors; professional contractors involved in the repair, remodeling, and construction of residential and non-industrial facilities; and specialty distributors, including plumbing and hardware retailers. It sells its products directly through national account sales professionals, field sales representatives, outbound and inbound telesales, customer service representatives, direct marketing via catalog and flyers, professional contractor showrooms, vendor managed inventory locations, and Internet-based service capabilities. The company was founded in 1978 and is headquartered in Jacksonville, Florida.

For the thirty nine weeks ended 30 September 2006, Interline Brands, Inc.'s revenues increased 24% to $774.3M. Net income increased 1% to $19.8M. Revenues reflect the acquisition of Copperfield & AmSan, strong demand for products, increased prices, new sales and growth initiatives. Net income was offset by higher interest expense due to increase in overall debt balances and increased investment in new sales & marketing initiatives.