Grainger’s 1Q Sales Up 2.8%
Industrial distribution giant Grainger says its High-Touch Solutions (N.A.) segment sales were up 1.8%, and 3.4% on a daily basis versus the prior-year quarter.
April 2021
HARDI Distributors Report Record 33.2% Revenue Increase for March
The association also finds that the average annual sales growth for the 12 months through March for HARDI distributors is 8.7%.
Amazon 1Q Sales Up 30.5%
Net product sales for Amazon totaled $57.5 billion in the quarter, up 27.2% from $41.8 billion in the year-ago period.
Real U.S. GDP Up 6.4% in 1Q According to ‘Advance’ Estimate
The growth marks a steady improvement from the fourth quarter of 2021, when real GDP increased 4.3%.
Kimball Midwest Garners Learning Award
Kimball Midwest is among the 59 companies honored by the Chief Learning Officer’s 11th Learning Awards program.
Lawson Products Sales Increase 13.8% in 1Q
The Chicago-based MRO distributor Lawson Products also saw its average daily net sales grow 15.6% as the company began 2021 with a bang.
Applied Industrial Technologies Bounces Back in 3Q
After sales increase in the third quarter, Applied Industrial Technologies’ CEO is predicting an even better fourth quarter.
United Rentals off to a Solid Start in 1Q
United Rentals’ net income was up 17% year-over-year in the first quarter as the company raised its full-year guidance.
Kathy Mazzarella Makes a Business Case for DEI
The Graybar CEO says distributors shouldn’t promote diversity, equity and inclusion just because it’s the right thing to do — though it is! — but because it helps grow the bottom line.
Avnet Sales Up 14.1% in Fiscal 3Q
Year to date, sales increased 6.2% to $14.3 billion for the Phoenix, Arizona-based electronics distribution giant Avnet.
Census Bureau Releases Two Advance Economic Indicators for March
The U.S. Census Bureau has released advance indicators showing that the international trade deficit and wholesale inventories both increased in March.
MRC Global Reports Q1 Loss of $3 Million
Despite the loss, MRC Global posts a 5% sequential revenue increase in Q1 over the previous fourth quarter.
How One Distribution Center Thrived During the Pandemic
Parts Town's distribution center has received recognition over the years for its innovation. Like other industries, COVID-19 forced the distribution center to change their day-to-day procedures quickly. Despite implementing stringent safety protocols, they were able to maintain operational efficiency over the course of a challenging year.
Graybar’s Sales Up 7.2% in 1Q
The company also saw net income grow 120.6% compared to 2020; both revenue and profit were records for the electrical distributor.
Atlas Copco’s 1Q Sales Up 4%
Profit for the Swedish manufacturer Atlas Copco increased 7% over the prior year.
Beacon Names McDevitt as EVP and Chief Human Resources Officer
McDevitt will take the CHRO reins from Harrison, who is departing Beacon later this quarter.
ABB’s Sales Increase 11% in 1Q
The electrical giant reported profit of $502 million, a 34% improvement when compared to the year-ago period.
3M Posts Higher 1Q Profits as Sales Spike Across All Sectors
Increase in revenues led by 3M’s Safety and Industrial division where total sales were up by 13.7%.
Hisco Acquires Shurmed Health
Acquisition of specialty adhesive solutions manufacturer expands Hisco’s national converting and fabrication capabilities.
Womack Electric Supply President Announces Retirement
Burke Herring will be retiring after nearly four decades of service with the electrical distributor.
