Aug. 17, 2006: Johnstone Supply Achieves $1 Billion in Annual Sales
PORTLAND, Ore. - Johnstone Supply Inc., a leading cooperative distributor of HVACR parts, supplies, and equipment, has announced a major company benchmark: officially topping $1 billion in total yearly sales. The new sales mark is the latest in a string of major company milestones occurring in 2006, including the 25th anniversary of the founding of the cooperative and the opening of Johnstone's 300th store.
Johnstone Supply stores totaled over $1 billion in sales during the 12 month period ending March 2006. The company reached the milestone even earlier than was anticipated by company executives, accelerated by the company's continuing strong sales growth which has outpaced industry averages.