Reliance Steel & Aluminum Sales up 10.8% in 2Q
Profit fell 25.6 percent to $81 million.
Reliance Steel & Aluminum Sales up 10.8% in 2Q Read More »
Profit fell 25.6 percent to $81 million.
Reliance Steel & Aluminum Sales up 10.8% in 2Q Read More »
Profit increased 7.6 percent to $424 million.
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Arrow finds growth opportunities in services that didn't exist for the distributor a few years ago
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Distributors expect growth to be tempered somewhat by government actions and rising employee costs.
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But executives report some softness in the latest quarter for manufacturing customers.
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Profit increased 23 percent for the quarter ended June 30, 2013.
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Industrial and infrastructure sales both declined in the fourth quarter.
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Food distribution sales increased 10.3 percent, primarily from acquisitions.
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The decline was due in part to decreased demand in industrial distribution.
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Most product business saw sequential order growth.
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Frank Roach, current executive for Canada and the U.S., will continue to focus on opportunities for growth in the U.S.
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L&W, USG's distribution business, had its first operating profit since 2008.
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Underlying trends are stabilizing for the European building materials supplier, but sluggish European economies continue to dampen results.
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Inorganic sales were up 2 percent from the prior year.
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Sales for 3M's industrial business grew 6.6 percent in the quarter.
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Profit was $400,000 for the quarter, compared to a year-ago loss of $61.2 million.
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Overall sales were up 13.2 percent for the electrical distributor, thanks to acquisitions.
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Sales and inventories data for wholesaler-distributors in May 2013.
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Monthly Wholesale Trade Data: May 2013 Read More »
It would be natural for a business leader to assume that their customers operate in the same way that they do. But according to Bob DeStefano, president of SVM E-Marketing Solutions, business today has reached a tipping point where “generation net” workers outnumber baby boomers, and the way they do business is different from past generations.
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Why Online Marketing is Essential for Distributors Read More »