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AHMA members sound off on Congress and Net Neutrality

BY HBSDEALER Staff

Members of the American Hardware Manufacturers Association (AHMA) anticipate a more business friendly atmosphere in Washington.

That’s one of the findings of the association’s monthly hot topic survey, which is administered along with its Industry Confidence Index.

The December Confidence Index survey asked two supplemental questions of AHMA members: “The House of Representatives will have a Republican majority in January 2011.  Do you feel this will result in a more business-friendly atmosphere in Washington?” and “The Federal Communications Commission (FCC) has voted to impose new “Net Neutrality” regulations on internet commerce. Do you approve of the FCC’s assumption of the power to regulate the internet without congressional approval?”

To the first question, on the Republican majority, 80% responded “Yes,” 17% responded “Not Sure,” and 3%  responded “No.”

On the FCC regulations, 10% responded “Approve,” 27% responded “Not Sure,” and 63% responded “Disapprove.”

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Worthington Industries reports Q2 sales increase

BY HBSDEALER Staff

Columbus, Ohio-based Worthington Industries, makers of metal products including hand torches and propane tanks, posted sales of $580.7 million in the second quarter ended Nov. 30, up 30% from $448.0 million in the same quarter last year.

Net earnings, however, declined to $14.5 million, down from from $23.2 million in the same quarter last year. 

"I am pleased with the performance of our company as we continue to produce solid results in our Steel Processing and Pressure Cylinders business segments, despite an uneven economic recovery,” said Chairman and CEO John P. McConnell. 

Looking forward, he added: "The third quarter is our historically slowest quarter of the year and while we do expect to see some seasonality impact, we anticipate sustaining much of our volume improvements in Steel Processing and Pressure Cylinders."

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Fast-talking thief fools alarm company

BY HBSDEALER Staff

A Home Depot in Lexington, Ky., was burglarized by two thieves who managed to convince a security firm representative that they were store workers, according to an article in the Lexington Herald Leader.

The Christmas Eve heist tripped a security alarm, but when a representative of ADT Security Services called the store, one of the burglars answered and said he was a Home Depot employee who went back into the store to retrieve some items accidentally set off the alarm.

ADT sent police after the alarm continued to ring. By then, the two thieves had broken into the store’s safe and escaped with $10,000, according to the newspaper.

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