DALLAS, Sept. 11, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring cutting and welding products supplier Thermadyne Holdings Corp. (Nasdaq:THMD - News). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Thermadyne Holdings Corporation (Nasdaq:THMD - News) should be of particular interest to other industrial products suppliers: Illinois Tool Works Inc. (NYSE:ITW - News), Lincoln Electric Holdings Inc. (Nasdaq:LECO - News), Kennametal Inc. (NYSE:KMT - News) and Hardinge Inc. (Nasdaq:HDNG - News).
It is available at: http://www.stockpreacher.com/n/THMD
Thermadyne Holdings Corp. (THMD) is a global supplier of cutting and welding products. The Company designs, manufactures, markets, sells and distributes welding and cutting torches, consumables, filler materials, power sources and accessories globally. Its products are used by fabricating, manufacturing, construction and foundry operations to cut and weld ferrous and nonferrous steel, aluminum and other metals.
In the report, the analyst notes:
"Being hit by the economic downturn, the Company is focused on resizing the business by aggressively reducing cost of operations and the cost of making its products while improving its performance for the long term with better customer service, effective new products and selective market expansions. In terms of specific actions, the Company reduced variable costs as much, and in many cases, more than the decline in volume in the quarter. THMD has also taken actions to resize its selling, general, administrative and manufacturing costs. ... The Company reduced labor and overhead expenses by more than 30% from the prior year. In addition, the Company aligned the supply chain with the reduced volume. Inventory investment declined to three months of supply from four months in December 2008.
"Recent reports indicate increasing global steel consumption, and THMD is seeing some early indications of increased demand for its products in the market place. The demand for the new low cost inverter welding machine the Company introduced in the U.S. during the second quarter is exceeding its expectations."
To read the entire report visit: http://www.stockpreacher.com/n/THMD
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