MRO Magazine

Booming February numbers bolster PT manufacturers and distributors

Chicago, IL -- The February 2006 trend data for distributors and manufacturers of power transmission/motion control...


Industry

April 6, 2006
By MRO Magazine
MRO Magazine

Chicago, IL — The February 2006 trend data for distributors and manufacturers of power transmission/motion control (PT/MC) products from the Power Transmission Distributors Association (PTDA) released today shows strong growth compared to both the previous month and previous year.

Canadian distributors’ year-to-date sales of PT/MC products grew 11.7% as compared to sales for January through February 2005. Sales were up 9.4% over the previous month and increased 9.3% as compared to February 2005.

Days sales in accounts receivables decreased 3.8% over January 2006 and were down 0.3% as compared to the same month last year. Annualized sales to inventory ratio in February was 8.3, compared to 8.0 in 2005.

For February, the confidence level of Canadian distributors fell to 6.8, down from 7.0 in January, on a 10-point scale.

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In February, U.S. distributors’ year-to-date sales of PT/MC products rose 11.1% as compared to sales for January through February 2005. Sales increased 8.9% over the previous month and were up 10.1% as compared to February 2005.

Days sales in accounts receivables decreased 4.3% as compared over January 2006 and were down 2.5% as compared to the same month last year. Annualized sales to inventory ratio in February was 9.0, compared to 9.4 in 2005.

For February, the confidence level of U.S. distributors rose to 7.0 from 6.8 in January.

Canadian manufacturers’ year-to-date sales of PT/MC products increased 4.9% as compared to sales for January through February in 2005. Sales grew 11.3% over the previous and were up 5.2% as compared to February 2005.

As compared to January, sales of unmounted bearings, variable speed drives, positioning systems/linear motion products, gear products, and clutches and brakes increased. Sales of mounted bearings, standard industrial motors, mechanical drive systems and other PT products, and shaft couplings decreased.

Annualized inventory turnover in February was 8.1, compared to 7.1 in 2005.

For February, the confidence level of Canadian manufacturers fell to 5.2 from 5.3 in January.

In February, U.S. manufacturers’ year-to-date sales of PT/MC products grew 10.7% as compared to sales for January through February 2005. Sales were up 7.5% over the previous month and increased 5.6% as compared to February 2005.

As compared to January, sales of mounted bearings, unmounted bearings, standard industrial motors, positioning system/linear motion products, gear products, mechanical drive systems and other PT products, clutches and brakes, and shaft couplings increased. Sales of variable speed drives decreased.

Year-to-date orders of PT/MC products from U.S. manufacturers grew 11.8% as compared to 2005. February orders increased 9.4% over January and were up 11.0% as compared to February 2005. Annualized sales to inventory ratio in February was 9.8, compared to 10.8 in 2005.

For February, the confidence level of U.S. manufacturers remained flat at 5.6 on a 10-point scale.

The complete Market Outlook Report, published monthly by the PTDA, is available by calling 312-516-2100 or may be ordered online at www.ptda.org/store.