ABB 3Q Sales Up 29%
The Switzerland-based power and automation company reported sales of $7.9 billion, a 29% increase over the same period in 2020.
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October 2021
Pool Corp. 3Q Sales Rise 24%
Pool Corp.’s net sales for the third quarter of 2021 reflect overall growth of 24% from Q3 2020, with an operating income of $237.2 million.
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Motion Sales Jump 14.5% in 3Q
Motion’s third-quarter sales were $1.6 billion, up 14.5% from 2020 and representing 34% of total company revenues.
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NetPlus Names Annual Award Winners
Industrial and contractor supplies buying group’s theme at annual meeting in Nashville was ‘Stronger Together.’
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Watsco Sales Jump in ‘Record’ 3Q
Watsco reported a 31% jump in EPS to a record $3.62 and a 16% sales growth to $1.78 billion in 3Q 2021.
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Core & Main CEO Steve LeClair on Growth in Challenging Times
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MSC 4Q Sales Up 11% Over Last Year
MRO distributor reported net sales of $831 million during its fiscal fourth quarter of 2021, an increase over the same period in 2020.
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Gerber to Leave ISA for Summit Electric
The association says goodbye to Ed Gerber and promotes Brendan Breen to executive VP as the ISA hopes to name new CEO in January.
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Hillman Increases Distribution Capacity
Supplier of complete hardware solutions will unveil ‘state-of-the-art’ distribution center along with the creation of 50 new jobs.
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New Residential Construction Slowed in September
U.S. Census Bureau and federal housing officials say units authorized by building permits fell 7.7% from August but remained unchanged from the same period in 2020.
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Sonepar USA President on Unique Approach to M&A
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Fed: Industrial production dropped 1.3% in September
Despite the drop, total industrial production rose 4.3% at an annual rate for 3Q, the 5th consecutive quarter with a gain of at least 4%.
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U.S. Census Bureau: Manufacturing and Trade Shipments Drop Slightly in August
The Census Bureau says the combined value of distributive trade sales and shipments and inventories for August was down 0.1% from July.
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Huttig Building Products Looking to Increase Shareholder Value
Millwork, building materials and wood products distributor Huttig will evaluate potential strategic alternatives to maximize shareholder value.
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FleetPride Creates New E-Commerce Site
Texas-based truck and trailer part distributor says new site allows customers to search more than 176,000 products .
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Fastenal’s Sales Rebound in 3Q
The industrial safety distributor saw a 10% net sales increase in the third quarter of 2021 versus the same period a year ago.
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Through Pandemic Demand, Health Care Distributor Prioritizes Environmental Sustainability
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Olympic Steel Names New General Manager
Metals service center announces that James Esway will be the company’s new general manager for two Georgia facilities.
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Cook & Boardman Adds New Exec to Senior Leadership Team
North Carolina-based Cook & Boardman Group says Mark K. Duato has been appointed senior vice president of strategic integration solutions.
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Behind the Deal: Why Did Rexel Acquire Mayer Electric — and Why Did Mayer Sell?
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