2020

Supply Chain Equity Completes Add-on Acquisition in the Security Hardware Industry

Leave a Comment / Mergers & Acquisitions, News, Operations / Arya Roerig

Herbert L. Flake Company, a portfolio company of Supply Chain Equity Partners, acquired International Key Supply, LLC, a leading distributor of security hardware supplies and tools with locations in Farmingdale, New York, and Portland, Oregon. The companies will offer a combined 45,000 unique stocked items of hardware and supplies to security professionals and locksmiths shipping […]

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Crane Co. Sales Down 2% in 2019

Leave a Comment / Earnings, News, Operations / Arya Roerig

Crane Co. (NYSE: CR), Stamford, Connecticut, reported 2019 sales of $3.3 billion, down 2% from 2018. Full year 2019 operating profit was $210 million, compared to $441 million in 2018. Fourth quarter 2019 sales were $838 million, a slight decline compared to the fourth quarter of 2018. Fourth quarter 2019 operating loss was $135 million, compared to operating

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Pentair plc Announces the Resignation of CFO Mark Borin

Leave a Comment / Human Resources, News / Arya Roerig

Pentair plc (NYSE:PNR) has announced that Mark Borin has informed the company of his intention to resign as executive vice president, CFO and chief accounting officer and that he has accepted an operational leadership opportunity at a private, employee-owned company. Pentair has commenced a search for the company’s next CFO, and Borin plans to remain

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3M Sales Down 1.9% in 2019

Leave a Comment / Earnings, News / Arya Roerig

3M (NYSE: MMM), St. Paul, Minnesota, reported sales for 2019 of $32.1 billion, a year-over-year decrease of 1.9%. Organic local-currency sales decreased 1.5%. Profit for the diversified manufacturer decreased 14.6% to $4.6 billion. For the fourth quarter, sales rose 2.1% to $8.1 billion. Organic local-currency sales fell 2.6%. Profit decreased 28.1% to $969 million. Total sales

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Will Promoting Content Over Product Help to Grow Your Business?

Leave a Comment / Sales & Marketing / Jim Nowakowski

In the movie and TV series The Equalizer, the main character helps people even the odds in difficult situations. He “equalizes” things. In distribution or any business, the odds often seem to be against the little guy. Larger companies get larger, mergers and acquisitions seem to undercut your efforts. What’s a distributor to do? The internet

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Milwaukee Tool to Build New Manufacturing Plant

2020 Outlook and Emerging Trends to Watch

Download this Issue as a PDF: January 25, 2020

Premium Monthly / MDM Staff

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MDM-Baird Distribution Survey: Distributors Prepared to Combat Slower Growth in First Half of 2020

News, Quarterly MDM-Baird Distribution Survey, Research / Bridget McCrea

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Commentary: 2020 Outlook and Emerging Trends to Watch

Uncategorized / Tom Gale

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MDM Pricing Trends Report: Fourth Quarter & Annual 2019

Leave a Comment / Uncategorized / Arya Roerig

This report is researched and produced by MDM editors. View the Third Quarter report here. These product groups provide a snapshot of inflation trends based on the Producer Price Index from the U.S. Bureau of Labor Statistics. Fourth quarter 2019 pricing levels are compared with third quarter 2019 and fourth quarter 2018. Annual 2019 levels are compared to annual 2018 levels.

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MDM Industrial Inflation Index: December 2019

Uncategorized / Arya Roerig

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Monthly Wholesale Trade Data: November 2019

Leave a Comment / Uncategorized / Arya Roerig

Wholesale revenues in November were $500.7 billion, up 0.8% from November 2018 and up 1.5% over October. November sales of durable goods were up 0.9% over last month and down 1.1% from a year ago. Sales of nondurable goods were up 2% over October and up 2.6% over last November. Inventories were $674.9 billion at

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Fourth Quarter 2019 Financial Metrics & Trading Multiples

News Digest 5002

Leave a Comment / Uncategorized / Arya Roerig

Distributor Ohio Transmission Corporation, Columbus, Ohio, has acquired Laron Inc., Kingman, Arizona, a leading service provider of mechanical and electric motor repair and engineering in the southwestern United States. More. MSC Industrial Direct Co. Inc., Melville, New York, reported fiscal 2020 first quarter sales of $823.6 billion, a 1% decrease compared to fiscal 2019. Annual profit was $65.4

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Avnet Sales Fell 10.2% in Fiscal 2Q

Leave a Comment / Earnings, News / Arya Roerig

Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the second quarter of $4.5 billion, down 10.2% over the same period a year ago. Profit decreased from $36.4 million to $3.7 million. For the first six months of the year, sales decreased 8.9% to $9.2 billion. Profit decreased from $120.1 million to $45.4 million.

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Sonepar Appoints President of Vallen North America

Leave a Comment / Human Resources, News, Operations / Arya Roerig

Sonepar North America, a subsidiary of the privately held France-based Sonepar Group, has named Chuck Delph as president of its subsidiary Vallen North America. Delph has been president of Vallen US since March 2018.

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Applied Industrial Sales Fall 0.8% in Fiscal Second Quarter

Leave a Comment / Earnings, News, Operations / Arya Roerig

Industrial distributor Applied Industrial Technologies (NYSE: AIT), Cleveland, reported fiscal second-quarter sales of $833.4 million, down 0.8% compared to the year-ago period. Net income fell 1.8%to $38 million. Excluding a 3.2% increase from acquisitions, sales decreased 4% on an organic basis reflecting a 3.5% decline in the Service Center segment and a 4.9% decline in the Fluid Power &

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Associated Builders and Contractors new construction tech report

New MDM Podcast: The Value in Making Innovation Part of Your Business Model

Leave a Comment / Uncategorized / Tom Gale

Innovation is hard to define. But that didn’t stop us from trying to get beyond generic bromides to analyze what it means in markets that are getting increasingly commoditized – by Amazon Business, new emerging marketplaces and other alternative supply sources. “Innovation in the commercial and industrial space is the equivalent of adding incremental or new

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AD Elects 2020 Board of Directors

Leave a Comment / Human Resources, News, Operations / Arya Roerig

AD, Wayne, Pennsylvania, the largest contractor and industrial products wholesale buying group in North America, has announced a new director and two reelected directors among its complement of 12 board members and committee chairs. President of Border States Electric David White is AD’s newest director. White served on the board previously while he was president of Shealy Electrical

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Supply Chain Equity Completes Add-on Acquisition in the Security Hardware Industry

Crane Co. Sales Down 2% in 2019

Pentair plc Announces the Resignation of CFO Mark Borin

3M Sales Down 1.9% in 2019

Will Promoting Content Over Product Help to Grow Your Business?

Milwaukee Tool to Build New Manufacturing Plant

2020 Outlook and Emerging Trends to Watch

Download this Issue as a PDF: January 25, 2020

MDM-Baird Distribution Survey: Distributors Prepared to Combat Slower Growth in First Half of 2020

Commentary: 2020 Outlook and Emerging Trends to Watch

MDM Pricing Trends Report: Fourth Quarter & Annual 2019

MDM Industrial Inflation Index: December 2019

Monthly Wholesale Trade Data: November 2019

Fourth Quarter 2019 Financial Metrics & Trading Multiples

News Digest 5002

Avnet Sales Fell 10.2% in Fiscal 2Q

Sonepar Appoints President of Vallen North America

Applied Industrial Sales Fall 0.8% in Fiscal Second Quarter

New MDM Podcast: The Value in Making Innovation Part of Your Business Model

AD Elects 2020 Board of Directors

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