Home Depot Names New CEO
The home improvement retailer says Edward "Ted" Decker has been named CEO and president, effective March 1.
January 2022
Gustave A. Larson Acquires Progress Supply
The distributor of heating, ventilation, air conditioning and refrigeration products announced earlier this month it had closed the purchase.
January 2022 M&A Roundup: One Billion-Dollar Deal Finalized as Another Takes Off
Owens & Minor agreed to acquire Apria for an equity value of about $1.45 billion, just one week after Motion Industries completed its $1.3-billion purchase of Kaman Distribution Group.
Tractor Supply Yearly and 4Q Sales Up
The company reported 2021 fourth-quarter net sales increased 15.3% over the same period in 2020.
Caterpillar Annual Sales Rise 22%
The worldwide construction equipment manufacturer also reported 2021 fourth-quarter sales were up 23% over the same period a year prior.
ABC: Decline in Structure Investments Continues
The U.S. economy grew in the fourth quarter, but investment in nonresidential structures decreased at an annual rate of 11.4%.
NAW Summit: Distribution Execs Get In-Person Glance at 2022 and Beyond
Enlivened by the chance to safely rub elbows with other distribution stakeholders, industry leaders met this week to discuss the future of the industry, including planning for future growth and retaining quality talent.
Rockwell Fiscal 1Q Sales Increase
The automation company reported $1.857 billion in sales for its fiscal 2022 first quarter, 18.7% above the same period a year prior.
Applied Industrial Fiscal 2Q Sales Rise
The Ohio-based distributor reported fiscal 2022 second-quarter net sales of $876.9 million and a net income of $57 million.
GDP Sees Year-End Uptick
Real GDP increased at an annual rate of 6.9% in the fourth quarter of 2021, according to the Bureau of Economic Analysis.
Traditional Budgeting and Forecasting Don’t Cut It Anymore
But there are ways distribution financial planners can build a more adaptive financial-planning process. Here’s how to reset the planning process in your business.
Avnet Fiscal 2Q Sales Up
The company’s 2022 fiscal second-quarter sales were $5.9 billion, up from $4.7 billion the year before and ‘exceeding guidance.’
A&M Industrial Acquires Connecticut Company
The New Jersey-based full-line supplier has acquired State Industrial Supply Company, an industrial distributor headquartered in Seymour.
Inventory Balance and Supply Chain Insight Elevate as Strategic Assets
A smart mix of profitable products and agile procurement strengthens a distributor’s competitive position, Avnet’s Peggy Carrieres discusses in a new MDM podcast.
NEFCO Opens First Maine Location
The construction supply company opened a branch in the city of Westbrook, the first in Maine and 16th branch overall.
Rockwell Automation Names New Regional President
The industrial automation and digital transformation company says Gina Ayala Claxton is its new president for the Americas Region.
Genuine Parts CFO to Retire
Carol Yancey, executive vice president and chief financial officer, will retire at the end of May after 30 years at the company.
Kimball Midwest Names New President
Patrick McCurdy III, who recently was executive vice president of sales and marketing, was promoted to his new role at the start of the year.
L&W Promotes West Region Business Manager
The distributor of interior building materials and construction supplies says Nick Popma has been promoted to the position.
Need Good Help! Talent Stress Emerges as Top 2022 Challenge for Distributors
Distributors are scrambling to reinforce bench strength as market conditions look good. Here’s what Fastenal, Ferguson, Avnet and others are sharing with MDM on how they’re adapting.
