Lindsley Ruth used to dread May, the month Electrocomponents PLC takes probing questions from investors. In his first couple of years as CEO, Ruth didn’t have a lot of positive news to share and difficult questions from analysts were difficult to answer. This May was different. Electrocomponents is on a roll. Sales and profits are…
Strong results and new initiatives to drive future growth and profitability Highlights 2018 2017 Change Like-for-like change1 Revenue £1,705.3m £1,511.7m 12.8% 12.8% Adjusted2 operating profit £177.1m £133.2m 33.0% 28.1% Adjusted2 operating profit margin 10.4% 8.8% 1.6 pts 1.4 pts Adjusted2 profit before tax3 £173.1m £128.0m 35.2% 30.0% Adjusted2 earnings per share 28.4p 21.0p 35.2% 29.7% Adjusted2 free cash flow £105.1m…
In line with our strategy to build out our value-added service proposition, Electrocomponents plc is pleased to announce that it has reached agreement to acquire IESA, a leading provider of value-added services to industrial customers for a cash consideration of £88 million. Acquisition of leading corporate MRO(1) marketplace provider of value-added services Significantly enhances the…
Anyone who is in procurement knows that high-volume purchases mean discounts and oftentimes, leverage. Most small businesses don’t have the need – or the pocketbook – to achieve either. However, when small businesses combine their resources for group purchasing, their negotiating position is significantly strengthened. UNA, launched in 2012, is one of several group purchasing organizations…
Electrocomponents plc (LSE:ECM), the gloal distributor for engineers, has achieved the significant mark of £1 billion of annual digital revenues. This milestone has been reached as a result of the company’s continuous investment in digital innovation and confirms its status as one of the UK’s largest online businesses in the industrial space. In recent years the company…
Electrocomponents plc (LSE:ECM), the global distributor for engineers, has appointed Debbie Lentz as President Global Supply Chain. She joins the company as a member of the Executive Management Team, reporting directly to CEO Lindsley Ruth. Debbie is responsible for leading the further development of the Group’s supply chain capability. With her leadership team, she will define and…
Electrocomponents PLC has the potential to become a $10 billion enterprise within the next 10 years but to achieve this lofty goal, the U.K.-based distributor must venture outside the electronic components market and put down big stakes in the larger maintenance, repairs and operations (MRO) market. CEO Lindsley Ruth set the stage for Electrocomponents’ transformation…
The stage is set for a new round of consolidation in the electronics components distribution market. Though still suffering from the effects of margin pressures, supplier and customer consolidation, commoditization and an almost morbid obsession with design engineers, distributors are about to embark upon the latest in a string of M&A actions that will improve…
RS Components (RS), the trading brand of Electrocomponents plc (LSE:ECM), the global distributor for engineers, announced it has extended its relationship with SamacSys, the world’s leading supplier of high-quality PCB schematic symbols and footprints. RS is now offering direct access to schematic symbols and footprints from SamacSys, for all PCB components, via the new PCB…
Electrocomponents plc (LSE: ECM), the global distributor for engineers, has announced the appointment of Steve Newland as President, Allied Electronics. He will join Electrocomponents on 7 February as a member of the Executive Management Team, reporting directly to CEO Lindsley Ruth. As President, Steve will be responsible for driving transformational and profitable growth in the…