Distribution Analytics Pioneer Stephen Pearce Dies at 68
Distribution industry loses leading thinker in inventory management and asset optimization.
October 2019
AMETEK’s Sales Up 7% in 3Q
Sales in the companys Electronic Instruments Group were up 10%.
Timken’s Sales up 3.7% in Q3
Mobile Industries sales decreased 2% compared with the same period a year ago.
WESCO’s Q3 Sales Up 3.9%
Sales for the nine months ended September 30 were up 1.5%.
SKF Completes Acquisition of Presenso
Presenso is a company that develops and deploys artificial intelligence (AI)-based predictive maintenance software.
Third Quarter Earnings Roundup
Its earnings season! As quarterly earnings reports continue to trickle in, MDM offers a recap of how the third quarter is shaping up for more than two dozen of the largest distributors and manufacturers.
Real U.S. GDP Up 1.9% in 3Q According to Advance Estimate
Current dollar GDP increased 3.5%.
Graybar’s Third Quarter Sales Up 5.9%
Year to date sales were up 6.9%.
Rexnord Sales Fall 1% in Fiscal 2Q20
Profit for the quarter was $50.8 million compared to a loss of $43.4 million the previous year's quarter.
Applied Industrial’s Sales Down Slightly in Fiscal 1Q
Profit fell 20.7%.
Anixter International to be Acquired by Clayton, Dubilier & Rice
The company also reported 3Q sales up 2% over 2018.
Announcing the MDM 2020 Future Leaders Award
The program will recognize five or more associates who stand out for their passion for the wholesale distribution industry, learning and developing their leadership skills.
Eaton Sales Down 1.8% in 3Q
For the first nine months, sales were $16.2 billion, up slightly over the same period a year ago.
Ingersoll-Rand Third Quarter Sales Up 3%
Organic sales were up 1% year over year.
Gardner Denver’s Q3 Sales Down 11%
Net income was $41 million, down 43% from a year ago.
Market Continues to Show Signs of Slowdown
Growth decelerated 80 basis points versus last quarters Baird survey.
Amazon Third Quarter Sales Up 24%
Profit decreased to $2.1 billion in the second quarter, compared to $2.9 billion in third quarter 2018.
Chicago Fed National Activity Index Falls to -0.45 in September
Three of the four board categories of indicators that make up the index decreased from August, and all four made negative contributions to the index in September.
News Digest 4920
MDM's top news briefs from News briefs from October 11 - October 25, 2019.
MDM-Baird Distribution Survey: Revenue Growth Continues to Decelerate
On average, businesses reported year-over-year revenue growth at +2.4% in the third quarter of 2019, which is below the forecasted +3.1% level, according to the latest Baird Industrial Distribution Survey, conducted in partnership with Modern Distribution Management. Growth decelerated 80 basis points compared to last quarters survey, marking the third consecutive quarter of slowing growth. This trend reflects weaker momentum in the industrial sector.
Subscribers should log-in to read this article.
