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.
October 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.
The Pandemic Made Your Website More Important Than Ever – But Are You Open for Business?
Five questions to ask yourself that will help measure the effectiveness of your e-commerce capabilities.
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%.
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’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 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.
Behind Grainger’s Customer Acquisition Strategy
After Grainger posted a moderate improvement in the third quarter, company executives dished on the distributor’s approach to acquiring new customers and how it is bolstering the company. Here's what they shared.
Download this Issue as a PDF: October 25 2020
Our last quarterly data issue of 2020 includes promising stats on the future state of the economy, with some work left to do to get the industry back to where it was pre-pandemic. Dive into the latest MDM-Baird Distribution Survey results, as well as a preview of our MDM Analytics market forecast and wholesale revenues, sales and inventory trends data.
Is the V-Shaped Recovery for Real?
The market appears to be experiencing a quicker turnaround from the pandemic-induced downturn than originally expected.
Commentary : Why Build Your Personal Brand?
A strong individual online presence can mean good things for your distribution company.
MDM Revised Forecast: 3Q Shaping a V-Swoosh Recovery
Consumer behavior is playing a role in speeding economic recovery.
Why Build Your Personal Brand?
A strong individual online presence can mean good things for your distribution company.
U.S. Cutting Tool Consumption Drops 33.5% in August
Latest report shows U.S. cutting tool consumption down 0.2% from previous month of July, while year-to-date total is down 23.4% from same period of 2019.
Optimas Solutions Opens DC in St. Louis
Fasteners manufacturer and distributor Optimas Solutions enhances PPE and MRO product distribution with 30,400-square-foot facility.
Motion Industries Sales Dip 18.6% in 3Q
Genuine Parts Co., the parent of Motion Industries, reported that the distributor’s 3Q sales of $1.4 billion were down 18.6% year-over-year, or down 8.7% excluding the EIS divestiture.
Pool Corp. Sales Up 27% in 3Q
In addition to setting a revenue record of $1.1 billion, the pool supply distributor saw profit increase nearly 50% for the quarter.
Border States Electric Announces New Regional Structure
Fargo, N.D.-based electrical distributor Border States Electric unveils new regions designed to “better serve customers and support manufacturers.”
Watsco Sales Increase 10.2% in 3Q
Year-to-date sales grow 5.5% from same period in 2019 as company posts profit growth for both the quarter and the first nine months of 2020.
Grainger’s 3Q Sales Up 2.4%
Industrial distributor Grainger says its U.S. segment sales were up 3.1%, outgrowing the U.S. MRO market which declined an estimated 5% to 6%.
