The 2020 Mid-Year Economic Update_long
Applied M&A blog

Applied’s Acquisition Strategy Key to Lofty Revenue Goal

Applied Industrial Technologies hopes to grow revenue 40% to $4.5 billion in the coming years, and M&A will not surprisingly play a huge role in that ambitious pursuit. Here’s what company leaders said about their acquisition strategy moving forward.

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Research & Analytics

Census Bureau Releases Two Advance Economic Indicators for September

The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.

SiteOne Landscape Supply

SiteOne Sales Jump 15% in 3Q

Landscape supply distributor SiteOne Landscape Supply Inc. also saw net income increase 39% to $48.2 million as the company benefited from two acquisitions during the quarter.

Applied 1Q 2021

Applied Industrial’s 1Q Sales Down 12.7%

Tough times continued for Applied Industrial Technologies in the company’s fiscal first quarter; the company’s sales dipped 12.7% and profit fell 10.3%.


Systemax Sales Up 17.1% in 3Q

Systemax, the parent of Global Industrial, reported profit nearly doubled to $24.1 million as the company notched all-time highs in quarterly operating profit and operating margin.

SKF 3Q 2020

SKF Sales Down 11.6% in 3Q

Bearings manufacturer sees sales drop 14.7% in first nine months of 2020 as soft demand environment continued to hit the company’s top-line performance.


3M’s Sales Up 4.5% in 3Q

Health care sales were strong with 25.5% growth, while safety and industrial group sales of $3 billion were up 6.9%.

Durable Goods September 2020
Research & Analytics

Advance Report: New Orders for Durable Goods Up 1.9% in September

Increase of manufactured durable goods is the fifth in a row following the double-digit growth in May, high-single-digit growth in June, double-digit growth in July and low-single-digit growth in August — all of which had been preceded by two decreases during the height of the coronavirus crisis.

MSC Industrial HQ

MSC’s Sales Down 5.1% in Fiscal 2020

Industrial distributor’s sales decline 11.3% in the fiscal fourth quarter ended Aug. 29 compared to year-ago period while profit dips 21.2%.

Chicago Fed National Activity Index September 2020
Research & Analytics

Chicago Fed National Activity Index Declines to +0.27 in September

Latest Chicago Fed National Activity Index (CFNAI) shows that three of four broad categories of indicators used to construct the index made positive contributions in September, but all four categories decreased from August.

White Papers

In this episode, Brian Gardner, founder of SalesProcess360, demystifies the Sales Process Audit that industrial sales organizations can implement to get ROI from CRM. While CRM can be an impactful technology, Gardner stresses that organizations need the right processes in place to capitalize on their CRM investment. With over 25 years of experience in sales management and CRM, hear Gardner’s insight on how companies at all stages can get the most out of their sales process.

Spotlight Videos
Valves on pipes
Scott Young, President of George E. Booth Co., a Midwest distributor of process instrumentation products and services, talks with MDM's John Gunderson about the company's launch of a cloud-based ERP system at the beginning of 2020. The timing could not have been better. As Young shares in this Spotlight video, the company was able to pivot quickly in mid-March when its 75-person workforce started working from home. The move allowed the team to focus on revenue-generating activity and value-added services to support customers, while reducing costs by automating back-end processes.

Partner Resource Center

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