Fortive’s Revenue Increases 26.7% in 2Q
Fortive posted a second-quarter profit of close to $181 million compared to $130 million in the same quarter a year ago.
July 29, 2021
MRC Global 2Q Sales Improve 14%
The pipes, valves and fittings distributor saw sales improve and significantly narrowed its loss in the period.
Border States Electric Names McConeghy as Chief Information and Digital Officer
Prior to joining Border States Electric, McConeghy was the chief information officer for Sierra Nevada Corporation.
L&W Supply to Open New Branch
Building materials distributor will open a location in Beltsville, Maryland, its eighth in the DC/Baltimore area.
Amazon 2Q Sales Up 27.2%
Net product sales for Amazon totaled $58 billion in the quarter, up 15.4% from the year-ago period.
5 Misconceptions Distributors Have About E-Commerce Platforms
E-commerce costs too much, won't make a difference to a distributor's bottom line and isn't worth much more than brand promotion. Right? Not so fast, say SAP's David Koenig and Mirakl's Angela Troccoli.
Lawson Products’ Sales Jump 47.7% in 2Q
For the first six months of 2021, sales at the Chicago-based MRO distributor Lawson Products improved 28.8%.
Huttig Building Products’ Revenues Up 28.9% in 2Q
Building materials distributor Huttig Building Products reported second-quarter net income of $14.9 million compared to $1.6 million in 2020.
BEA: Real U.S. GDP Increases 6.5% in 2Q
The increase in real GDP in 2Q reflected increases in personal consumption expenditures (PCE), nonresidential fixed investment, exports, and state and local government spending, according to the Bureau of Economic Analysis.
