Larry Rybacki’s Thoughts While Showering: Reflecting on 2018, Looking to 2019

Larry Rybacki, President

Demand has been good but still not great as we need more Millennials to buy homes; housing starts are at an “ok” level of 1.2 million annually. As you all know, I’ve already preached that 1.4 is the number needed to keep the Waterworks Industry healthy. With public spending improving in many areas (and should be more so in 2019) it was a good year for the vast majority of us, but it was not without its challenges. 

Everywhere we turn costs are going up: healthcare, freight, materials, personnel, etc, etc. By midsummer we were shipping orders with our 5th or 6th choice in carriers as the top choices were all booked up. Once we fought through the rising costs of doing business, we got hit with the tariffs of 10% that didn’t help anybody. It’s obviously a good sign for 2019 that China and the United States are talking about the possibility of either limiting further tariffs or rescinding the ones already in place. The first quarter promises to be very interesting politically. 

We, unlike the pundits on CNBC, are still bullish on the Waterworks Industry for 2019 and well into 2020 as the country is still in dire need of a comprehensive infrastructure bill that should prioritize water projects and not place them as an afterthought. This is one area both Republicans and Democrats can agree on, and should agree on, and need to agree on. 

Even with interest rates at 5% we don’t think this should be a deterrent to keeping the current pace of 1.2 – 1.3 million housing starts in 2019. My daughter Laurissa bought a new house in Hood River, Oregon and her mortgage rate was just over 5%. She was distraught as her last mortgage rate was a full point lower. I quickly informed her that her parents’ first home was financed at nearly 14% so there is a good chance she will survive. 

In closing, I want to wish all of you a very Healthy and Happy New Year. We at SIGMA are thankful for all the support you give our 300 plus employees throughout the years and we continue to make improvements in all facets of our business to make it easier for all of you to do business with us.


Sincerely Yours,

Larry Rybacki

Assistant Janitor

Price List announcement for Domestic AWWA Fittings & Accessories

January 11, 2019

Re: Price List announcement for Domestic AWWA Fittings & Accessories

Dear US Customer:

SIGMA Corporation is announcing a new Price List for Domestic AWWA Fittings and Accessories. This Price List will be posted to our website, www.sigmaco.com, on Monday, January 14, 2019.

The Price List will be effective February 25, 2019.

SIGMA’s current published multipliers will continue to be applicable to the 2019 Price List.

As always, SIGMA greatly appreciates your business and support.

Sincerely,

Greg Fox

Vice President of Sales, SIGMA Corporation

New Import Fabricator Price List Available On-Line, Effective January 14, 2019

December 3, 2018

Re: Price List announcement for Fabrication Products

Dear US Customer:

SIGMA Corporation is announcing a new Price List for Fabrication Products.  This Price List will be posted to our website, www.sigmaco.com, by Monday, December 3, 2018.

The Price List will be effective January 14, 2019.

SIGMA’s current published multipliers will continue to be applicable to the 2019 Price List. However, if the announced US Government tariff action is implemented, SIGMA will adjust multipliers to reflect these additional costs.

As always, SIGMA greatly appreciates your business and support.

Sincerely,

 

 

Greg Fox
Vice President of Sales, SIGMA Corporation

New Import MJ Accessories Price List Available On-Line, Effective January 14, 2019

November 20, 2018

Re: Price List announcement for Import MJ Accessories

Dear US Customer:

SIGMA Corporation is announcing a new Price List for Import MJ Accessories.  This Price List will be posted to our website, www.sigmaco.com, by Wednesday, November 21, 2018.

The Price List will be effective January 14, 2019.

SIGMA’s current published multipliers will continue to be applicable to the 2019 Price List. However, if the announced US Government tariff action is implemented, SIGMA will adjust multipliers to reflect these additional costs.

As always, SIGMA greatly appreciates your business and support.

Sincerely,

 

 

 

Greg Fox
Vice President of Sales, SIGMA Corporation

New Import AWWA Fittings Price List Available On-Line, Effective January 14, 2019

November 6, 2018

Re: Price List announcement for Import AWWA Fittings

Dear US Customer:

SIGMA Corporation is announcing a new Price List for Import AWWA Fittings. This Price List will be posted to our website, http://www.sigmaco.com/product/waterworks-price-lists/, on Wednesday, November 7, 2018.

The Price List will be effective January 14, 2019.

SIGMA’s current published multipliers will continue to be applicable to the 2019 Price List. However, if the announced US Government tariff action is implemented, SIGMA will adjust multipliers to reflect these additional costs.

This letter and its announced actions supersede SIGMA’s Price List increase announced on October 23, 2018.

As always, SIGMA greatly appreciates your business and support.

Sincerely,

 

 

Greg Fox
Vice President of Sales, SIGMA Corporation

Largest Tournament Yet!

The 2018 Rybacki Memorial Invitational teed off this weekend at the International in Boston. This year’s tournament was the largest yet with some 140 guests enjoying a weekend of golf, entertainment and industry camaraderie. According to Larry Rybacki, President of SIGMA, “We expect to clear $65k or more from our golf day. All proceeds will be donated to the Dana Farber Cancer Institute and funds will be earmarked to support the research programs of Dr Freidman”.

So many friends of mine have battled cancer. We all know someone who has been afflicted. I think as you get older, we tend to take stock of our lives and giving back becomes all the more important. We’ve been thrilled by the waterworks industry’s response to the Invitational. People have gone beyond the call of duty in supporting this event”

My family and I will be forever grateful.

LR sign

If you are interested in supporting The Jimmy Fund at Dana Farber, please visit http://www.jimmyfund.org or email   lrybacki@sigmaco.com.