The Purchasing Managers Index was at its highest reading so far this year.
August 1, 2013
Western is a full-line distributor for Parker Hannifins fluid connector group.
The building products distributor expects adverse effects from residential construction levels to continue throughout 2013.
For the first six months, spending was 5.1 percent above 2012 levels.
The new branch in Fort Lauderdale is B&D's first in south Florida.
For the fourth quarter, sales declined 5 percent from the prior year.
CEO: Weakness in industrial demand and pricing is expected to continue.
With the acquisition, Collins Pipe & Supply will have seven locations in New England and upstate New York.
Profit increased slightly.
In North America, volume increased 10 percent from the prior quarter.
Nine-month sales increased 18.3 percent, inorganically, from the prior-year period.
Profit increased 12.9 percent to $13.7 million.