MSA Safety Begins New CFO Search
The company said it has accepted the resignation of current Chief Financial Officer Kenneth Krause, effective Aug. 26.
Day: August 2, 2022
SBP Holdings Acquires Fluid Power Distributor in Boise
SBP had acquired two distributors since selling off Bishop Lifting Products early this year.
Earnings Roundup: Global Industrial, Kennametal, CAT, AMETEK, Schneider
As evidenced by the latest round of quarterly earnings reports, some industrial distributors and manufacturers still see year-to-year growth.
Mayer Addition Helps Rexel’s 2Q North American Sales Jump 63%
France-based electrial supplies giant Rexel said 2022 first-half U.S. performance was sustained by growth in all three of its end markets, especially in industrial.
Distribution Fragmentation isn’t Just Sector-Wide, it’s Within Each Market
We all know the distribution sector is highly fragmented, but to what extent? A chat with McKinsey partners Alex Abdelnour and Kevin Sachs dives into the state of fragmentation within various markets and the factors that separate leading distributors from laggards.
Winsupply Expands in Texas, Acquires First Source Electrical
It's the third acquisition for Winsupply announced this year, and comes alongside news that it will start drone deliveries on Aug. 9.
Acquisitions, Pricing Power Major 2Q Growth at Builders FirstSource
Core organic sales comprised half of the distributors' 24% sales growth year-over-year.
June Nonres Construction Spending Down 0.5% from May
Downward pressure on nonresidential spending is likely to only intensify, and the situation looks even worse when adjusting for inflation.
HARDI June Revenues Increase 17.9%
Heating, Air-conditioning & Refrigeration Distributors International released its monthly TRENDS report reflecting the month of June.
US LBM Acquires Deco Truss
Deco Truss is primarily a manufacturer and supplier of structural roof and floor trusses to customers in South Florida and the Caribbean.
Dakota Supply Group Acquires Iowa Waterworks Supplier
DSG has acquired Brown Supply Company, adding four locations in the Hawkeye State.
Manufacturing PMI Falls to 25-Month Low
It was the slowest expansion since June 2020 as prices took a major month-to-month decline while employment posted improvement.
