Sterling Consolidated's Corporate Customers have recorded an advance in their cost of revenue by 1.55 % in the 3 quarter 2022 year on year, sequentially costs of revenue grew by 0.47 %. During the corresponding time, Sterling Consolidated Corp recorded a revenue increase by 79.03 % year on year, sequentially revenue grew by 24.04 %. While revenue at the Sterling Consolidated Corp's corporate clients recorded rose by 0.46 % year on year, sequentially revenue fell by -0.33 %.
Sterling Consolidated's Customers have recorded an advance in their cost of revenue by 1.55 % in the 3 quarter 2022 year on year, sequentially costs of revenue grew by 0.47 %, for the same period Sterling Consolidated Corp recorded revenue increase by 79.03 % year on year, sequentially revenue grew by 24.04 %.
Sterling Consolidated's Comment on Sales, Marketing and Customers
We currently have relationships with several companies located in the United States
and overseas. The Company markets its products primarily through word of mouth
and referrals from its customers. We attend several trade shows during the course
of the year specifically to market our products. We routinely attend the SEMA
show in Las Vegas, NV which is one of the largest supplier shows of its kind for
the automotive market. In addition, we supply distributors and end users with
the product necessary for steering wheels and transmissions kits. Our largest
customer is Freudenberg who sells replacements kits to John Deer and Harley Davidson,
amongst many other companies. Other automotive customers are Precision International
and Sonnax Transmissions.
Another trade show is the Atlantic City Pool and Spa show. We stock a variety
of rubber seals to service the pool filter and pump manufacturers. We also distribute
our products to many resellers of replacement parts and pool stores. Bay State
Pool and Horizon Pool and Spa are two of our larger accounts in the pool industry.
A large portion of our customer base services the plumbing and industrial industries.
These accounts include, Fastenal, Kaman Industrial and Eastern Industrial. They
are localized to service a wide range of products, but they purchase O-Rings and
rubber seals from Sterling Seal.
The marketing for ADDR and Q5, specifically the location of tenants, is through
real estate agents. The current agent of record for both companies is Sheldon
Gross Realty, 80 Main Street, West Orange, New Jersey.
Integrity markets through direct sales and referrals only.
Sterling Consolidated’s Comment on Sales, Marketing and Customers
We currently have relationships with several companies located in the United States
and overseas. The Company markets its products primarily through word of mouth
and referrals from its customers. We attend several trade shows during the course
of the year specifically to market our products. We routinely attend the SEMA
show in Las Vegas, NV which is one of the largest supplier shows of its kind for
the automotive market. In addition, we supply distributors and end users with
the product necessary for steering wheels and transmissions kits. Our largest
customer is Freudenberg who sells replacements kits to John Deer and Harley Davidson,
amongst many other companies. Other automotive customers are Precision International
and Sonnax Transmissions.
Another trade show is the Atlantic City Pool and Spa show. We stock a variety
of rubber seals to service the pool filter and pump manufacturers. We also distribute
our products to many resellers of replacement parts and pool stores. Bay State
Pool and Horizon Pool and Spa are two of our larger accounts in the pool industry.
A large portion of our customer base services the plumbing and industrial industries.
These accounts include, Fastenal, Kaman Industrial and Eastern Industrial. They
are localized to service a wide range of products, but they purchase O-Rings and
rubber seals from Sterling Seal.
The marketing for ADDR and Q5, specifically the location of tenants, is through
real estate agents. The current agent of record for both companies is Sheldon
Gross Realty, 80 Main Street, West Orange, New Jersey.
Integrity markets through direct sales and referrals only.
Sources:
Sterling Consolidated Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Sterling Consolidated Corp’s corporate clients.
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