MRO Magazine

Canadian sales rise in first half of year for power transmission/motion control segment

Chicago, Ill. -- The June 2003 trend data for distributors and manufacturers of power transmission/motion control (...


Industry

August 19, 2003
By MRO Magazine
MRO Magazine

Chicago, Ill. — The June 2003 trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products has been compiled by the Power Transmission Distributors Association (PTDA).

<B>Distributor’s results</B>

Canadian distributors’ year-to-date sales of PT/MC products increased 1.1% as compared to sales for January through June in 2002. Sales shrunk 5.3% over the previous month and were down 1.9% as compared to June 2002.

Days sales in accounts receivables grew 3.7% over May 2002 and gained 3.5% as compared to the same month last year. Annualized inventory turnover in June was 5.3 turns, compared to 5.8 turns in 2002.

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For June, the confidence level of Canadian distributors rose to 5.3 from 5.0 in May on a 10-point scale.

U.S. distributors’ year-to-date sales of PT/MC products increased 1.1% in January to June 2003, as compared to sales for January through June in 2002. Sales were up 3.8% over the previous month and gained 2.7% as compared to June 2002.

Days sales in accounts receivables decreased 5.3% over May 2003 and fell 6.2% as compared to the same month last year. Annualized inventory turnover in June was 4.2 turns, compared to 4.1 turns in 2002.

For June, the confidence level of U.S. distributors rose to 5.0 from 4.9 in May.

<B>Manufacturer’s results</B>

Canadian manufacturers’ year-to-date sales of PT/MC products were up 3.4% as compared to sales for January through June in 2002. Sales were down 2.8% over the previous month and rose 1.1% as compared to June 2002. As compared to May 2003, sales of mounted bearings, variable speed drives, clutches and brakes, and shaft couplings increased. Sales of unmounted bearings, gear products, and mechanical drive systems and other PT products decreased.

For June, the confidence level of Canadian manufacturers held steady at 5.1.

In June, U.S. manufacturers’ year-to-date sales of PT/MC products dropped 11.0% as compared to sales for January through June in 2002. Sales climbed 7.2% over the previous month and decreased 9.9% as compared to June 2002. As compared to May, sales of mounted bearings, unmounted bearings, standard industrial motors, variable speed drives, positioning systems/linear motion products, gear products, mechanical drive systems and other PT products, and shaft couplings increased. Sales of clutches and brakes decreased.

Year-to-date orders of PT/MC products from U.S. manufacturers fell 12.3% as compared to 2002. June orders grew 12.7% over May but declined 12.2% as compared to June 2002. Annualized inventory turnover in June was 5.7 turns, compared to 6.9 turns in 2002.

For June, the confidence level of U.S. manufacturers remained flat at 5.2.

The Market Outlook Report, produced monthly by the PTDA, is available by contacting the association at 312-876-9461 or by visiting www.ptda.org.

PTDA is an U.S.-based trade association representing 220 power transmission/motion control (PT/MC) distributor firms with almost 3,200 locations throughout North America and 14 other countries, as well as 184 manufacturers that supply the PT/MC industry.