DXP Reports Strong Year-Over-Year 3Q Earnings
The distributor’s 33.8% year-over-year sales increase in 3Q follows a 28.7% annual increase reported in this year’s 2Q.
DXP Reports Strong Year-Over-Year 3Q Earnings Read More »
November 2022
How to Use Reporting and Data in Channel Incentive Programs
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PCX Aerosystems Acquires Timken Aerospace Drive Systems
ADS will rebrand following the acquisition, according to a news release announcing the deal.
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Wajax’s ‘Excellent’ 3Q Includes 17.3% Rise in Revenue
The Canadian industrial distributor says it continued to see overall strength in its backlog, which increased to more than $558 million.
Wajax’s ‘Excellent’ 3Q Includes 17.3% Rise in Revenue Read More »
Crawford Electric Reaches $1B in Sales
The Sonepar company also said its 500,000-square-foot Central Distribution Center in Katy, Texas, will open by the end of the year.
Crawford Electric Reaches $1B in Sales Read More »
McKinsey Acquires Supply Chain Firm SCM Connections
The research giant and consulting firm says the deal will help deepen supply chain transformation capabilities.
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Greif to Acquire Lee Container for $300M
The all-cash transaction will be funded through Greif’s existing credit facility and is expected to close by the end of the calendar year
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MRC Global Sees Steady Sales Growth in 3Q
Third-quarter sales reached $904 million, a 7% sequential increase from the second quarter of 2022 and a 32% improvement over 3Q 2021.
MRC Global Sees Steady Sales Growth in 3Q Read More »
Optimas Solutions Opens Center of Excellence in Mexico
The Center of Excellence aims to help the fastener manufacturer and distributor build relationships with its customers.
Optimas Solutions Opens Center of Excellence in Mexico Read More »
China’s Exports to U.S. Drop 13% in October as Global Economy Slows
An economic slowdown within the next 12 months is looking increasingly likely, according to economists.
China’s Exports to U.S. Drop 13% in October as Global Economy Slows Read More »
Builders FirstSource 3Q Sales Growth Slows to 4.6%
In the first quarter and second quarter of 2022, year-over-year growth topped 36.1% and 24.2%, respectively.
Builders FirstSource 3Q Sales Growth Slows to 4.6% Read More »
Envoy Solutions Acquires United Packaging in Northeast
Envoy Solutions’ deal with the Pennsylvania company continues its M&A momentum one month after acquiring seven companies in Michigan.
Envoy Solutions Acquires United Packaging in Northeast Read More »
Fastenal Hits $1B in eCommerce Revenue for First Time
Fastenal’s eCommerce sales represent 17.4% of total company year-to-date sales, the company announced.
Fastenal Hits $1B in eCommerce Revenue for First Time Read More »
Masonite 3Q Sales Increase 12%
Masonite’s net income for 2022’s third quarter was $57 million, a 51% increase over the same quarter in 2021.
Masonite 3Q Sales Increase 12% Read More »
NEFCO Opens New Fulfillment Center in Ohio
The 75,000-square-foot warehouse will include extensive inventory and broad mix of power tools, safety equipment and general jobsite supplies.
NEFCO Opens New Fulfillment Center in Ohio Read More »
Rewrite Your Strategy to Win the New Self-Serve Customer
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AMETEK Appoints New VP of Strategic Procurement
Gene Hahnenberg previously worked at Trane Technologies, where he was most recently Vice President of Direct Materials Procurement.
AMETEK Appoints New VP of Strategic Procurement Read More »
LINC Systems Announces New CEO
Kelly Evans retired effective Nov. 1, and the fasteners and packaging supplies distributor has named his successfor.
LINC Systems Announces New CEO Read More »
Lowe’s to Sell Canadian Retail Unit to Sycamore Partners
For a purchase price of $400 million, the transaction is expected to close in early 2023.
Lowe’s to Sell Canadian Retail Unit to Sycamore Partners Read More »
Construction Industry Adds 1,000 Jobs in October
On a year-over-year basis, industry employment has risen by 266,000 jobs, an increase of 3.6%, according to Associated Builders and Contractors.
Construction Industry Adds 1,000 Jobs in October Read More »
