Kennametal Sales Decrease 14% in 2Q
The company reported a loss of $5.9 million, compared to a profit of $54.7 million in the second quarter of 2018.
Kennametal Sales Decrease 14% in 2Q Read More »
2020
AD Member Sales Up 12% in 2019
Purchases by member companies from AD supplier partners were up 9% from 2018.
AD Member Sales Up 12% in 2019 Read More »
HARDI Distributors Report 7.4% Revenue Growth in December
The average annual sales growth for the 12 months through December 2019 is 5.3%.
HARDI Distributors Report 7.4% Revenue Growth in December Read More »
January PMI at 50.2%, Up 3.1% Over December
The New Orders Index registered 52%, an increase of 4.4%.
January PMI at 50.2%, Up 3.1% Over December Read More »
Are Online Marketplaces the Future of Distribution?
Speakers at NAW 2020 Executive Summit: Innovate to Dominate urged distributors who have yet to embrace e-commerce to invest in digital platforms. There is plenty of room for growth in international B2B e-commerce, which is six times larger than the B2C market, noted Alibaba Groups John Caplan.
Are Online Marketplaces the Future of Distribution? Read More »
NAW Elects 2020 Officers
Members of the National Association of Wholesaler-Distributors (NAW), during the associations Executive Summit in Washington, DC, elected as chairman of the NAW Board of Directors, Douglas W. York, president and CEO of Ewing Irrigation & Landscape Supply.
NAW Elects 2020 Officers Read More »
Amazon Annual Sales Up 22%
Amazon.com, Inc. (NASDAQ:AMZ) reported sales net sales increased 20% to $280.5 billion, an increase of 22% compared with 2018. Net income increased to $11.6 billion compared with net income of $10.1 billion in 2018.Â
Amazon Annual Sales Up 22% Read More »
Winsupply Opens Quad Cities Winwater
Winsupply Inc., Dayton, Ohio, has opened Quad Cities Winwater, serving waterworks and utilities contractors in the Quad Cities including eastern Iowa and northwest Illinois.
Winsupply Opens Quad Cities Winwater Read More »
Kennametal Announces Executive Leadership Changes
Ron Port, currently vice president and president of the Infrastructure segment, will become vice president and CCO, metal cutting business segments.
Kennametal Announces Executive Leadership Changes Read More »
Rockwell Automation Sales Up 2.6 % in First Quarter
The company reported that organic sales were down 1%.
Rockwell Automation Sales Up 2.6 % in First Quarter Read More »
Real U.S. GDP Up 2.1% in 4Q According to Advance Estimate
In the third quarter, real GDP increased 2.1%.
Real U.S. GDP Up 2.1% in 4Q According to Advance Estimate Read More »
WESCO Sales Grow 2.2% in 2019
For the fourth quarter, sales were $2.1 billion, a year-over-year increase of 4%.
WESCO Sales Grow 2.2% in 2019 Read More »
Grainger’s 2019 Sales Up 2.5%
The distributors fourth-quarter sales rose 3% to $2.8 billion.
Grainger’s 2019 Sales Up 2.5% Read More »
How Distributors are Improving their Sales Processes
The 4Q19 Baird Industrial Distribution Survey reveals a high percentage of companies that are focused on revamping their sales processes for the year ahead. They will invest more in skills training, improve digital marketing efforts and increase outside sales coverage.
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Textron’s Sales Down 2.1% in 2019
Textron (NYSE: TXT), Providence, Rhode Island, reported total revenues of $13.6 billion for 2019, down 2.1% over 2018. Profit fell 33.3% to $815 million. The company reported sales of $4 billion for the fourth quarter of 2019, up 7.6% compared with the fourth quarter of 2018. Profit for the quarter fell 19.1% in 2018 to $199 million.
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Rexnord Sales Fall 1% in Fiscal Third Quarter
Rexnord Corp. (NYSE: RXN), Milwaukee, reported sales for the third quarter of fiscal 2020 of $492 million, an increase of 1% year-over-year. Profit for the quarter was $48 million compared to $53 million the previous year’s quarter. For the first nine months of the fiscal year sales were $1.5 billion, up 0.5% from the previous year.
Rexnord Sales Fall 1% in Fiscal Third Quarter Read More »
Stanley Black & Decker’s Sales Up 3% in 2019
Stanley Black & Decker (NYSE: SWK), New Britain, Connecticut, has reported fourth-quarter and full-year 2018 financial results. The company reported 2019 full-year revenues of $14.4 billion, up 3% compared with 2018. Profit was reported at 955.8 million. Fourth-quarter sales were $3.7 billion, up 2% compared to the same period in 2018. Profit was $199.1 million, compare to
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Ingersoll-Rand Sales Up 5.9% in 2019
Ingersoll-Rand plc (NYSE: IR), Swords, Ireland, reported sales for 2019 of $16.6 billion, a 5.9% increase from the previous year. Profit increased 5.5% to $1.4 billion. Sales for the fourth quarter were $4.2 billion, a 6.5% increase over the same period a year ago. Profit was $296.1 million compared to $254 million in the previous fourth
Ingersoll-Rand Sales Up 5.9% in 2019 Read More »
Avery Dennison Sales Down 1.2% in 2019
Avery Dennison Corp. (NYSE:AVY), Glendale, California, reported sales 2019 or $7.1 billion, down 1.2% over 2018. Organic sales were up 2%. Profit was $303.6 million, down 35% over 2018. The company reported sales for the fourth quarter of $1.8 billion, up 0.2% from the prior-year period and 2.1% organically. Profit was $162.5 million, up 67.4%.
Avery Dennison Sales Down 1.2% in 2019 Read More »
How to Get Your Hiring on Track
The unemployment rate (3.5% at the end of 2019) has decreased every year since the height of the 2008 financial crisis, according to the Bureau of Labor Statistics. With the labor market expected to follow its current trajectory into 2020, now is the time for distributors to consider strengthening recruiting efforts to tap into the
How to Get Your Hiring on Track Read More »
