Public E&S Companies’ 1Q Organic Growth Is 0.6%
Eight publicly reporting foodservice equipment and supplies companies posted combined organic revenue growth of 0.6% the first quarter 2017 compared to 1Q/16, according to numbers compiled by FER Research Associate John Muldowney. Muldowney is also principal of Clarity Marketing. Including acquisitions, which have been a significant factor the past year, combined revenues grew 7.2%.
Combined organic sales growth of the six publicly reporting equipment-oriented companies was 0.5%, with four of the six posting increases. The two supplies-oriented companies combined sales were up 0.9% with Carlisle Foodservice up 5.9% organically and Libbey Foodservice down 4.1%.
A more complete report on the public companies’ sales trends will appear in a later issue of FER Fortnightly.