Cummins-Wagner Co. Inc., an Annapolis Junction, Maryland-based distributor, announced this week it has acquired F.R. Mahony & Associates Inc. Financial terms of the deal weren’t disclosed.
Cummins-Wagner Acquires F.R. Mahony & Associates Read More »
Dallas-based building materials distributor Builders FirstSource, fresh off the acquisition of BMC Stock Holdings, reported a stellar third quarter.
Builders FirstSource Sales Soar 15.9% in 3Q Read More »
In the second quarter of 2020, when COVID-19 was decimating the U.S. economy, real GDP decreased 31.4%.
Real U.S. GDP Up 33.1% in 3Q According to Advance Estimate Read More »
United Rentals also reported that sales for the first nine months of 2020 fell 9.3% compared to the same period of 2019.
United Rentals 3Q Sales Down 12.1% Read More »
Building materials distributor BlueLinx Holdings also reported a profit of $55.1 million for the quarter.
BlueLinx Sales Up 28.3% in 3Q Read More »
Phoenix-based electronics distribution giant Avnet reports a loss of $18.9 million in the fiscal first quarter.
Avnet Sales Up 2% in Fiscal 1Q Read More »
Excluding an outlier, the overall sales change is still positive but at 1.3%.
IRCG Weekly Pandemic Revenue Index Shows 6.8% Increase Read More »
Arrow reports that global sales of electronic components and solutions increased 5% to 5.3 billion.
Arrow Electronics’ 3Q Sales Up 2% Read More »
For the first nine months of 2020, sales at the Chicago-based MRO distributor Lawson Products slipped 10.2%.
Lawson Products’ Sales Down 4.7% in 3Q Read More »
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.
Applied’s Acquisition Strategy Key to Lofty Revenue Goal Read More »
The U.S. Census Bureau this week released advance indicators showing that the international trade deficit and wholesale inventories both decreased in September.
Census Bureau Releases Two Advance Economic Indicators for September Read More »
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.
SiteOne Sales Jump 15% in 3Q Read More »
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%.
Applied Industrial’s 1Q Sales Down 12.7% Read More »
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.
Systemax Sales Up 17.1% in 3Q Read More »
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.
SKF Sales Down 11.6% in 3Q Read More »
Five questions to ask yourself that will help measure the effectiveness of your e-commerce capabilities.
Health care sales were strong with 25.5% growth, while safety and industrial group sales of $3 billion were up 6.9%.
3M’s Sales Up 4.5% in 3Q Read More »
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.
Advance Report: New Orders for Durable Goods Up 1.9% in September Read More »
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%.
MSC’s Sales Down 5.1% in Fiscal 2020 Read More »
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.
Chicago Fed National Activity Index Declines to +0.27 in September Read More »
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