Grainger Raises Outlook Again After 2Q Sales Jump 20%
Sales outpaced that of 1Q at the industrial distribution giant, despite slowing throughout the quarter.
Grainger Raises Outlook Again After 2Q Sales Jump 20% Read More »
2022
Amazon 2Q Sales Rise 7% to $121B
The online retail giant, which doesn’t break out Amazon Business sales in quarterly earnings reports, said overall net loss was $2 billion in 2Q.
Amazon 2Q Sales Rise 7% to $121B Read More »
Pentair Completes $1.6B Ice Maker Acquisition
The London-based water treatment and sustainability provider finalized a deal to acquire Manitowoc Ice from Welbilt, Inc.
Pentair Completes $1.6B Ice Maker Acquisition Read More »
Southwire Opens New Office Following AcquisitionÂ
The opening comes as Southwire expands its business following the acquisition of Topaz Lighting Corp. in December 2021.
Southwire Opens New Office Following Acquisition Read More »
US LBM Names New Supply Chain SVP
Steve Short will lead US LBM’s building materials sourcing and procurement strategy and supply chain operations, the company said.
US LBM Names New Supply Chain SVP Read More »
Earnings Roundup: Fortive, International Paper, Rockwell, Timken, TriMas
In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.
Earnings Roundup: Fortive, International Paper, Rockwell, Timken, TriMas Read More »
Stanley B&D Plans to Shed 30% of Plants in Cost Savings, Reports 2Q Results
It’s part of the toolmaker’s plan to save $1.5 billion in three-year cost savings while shifting resources and reprioritizing investments.
Stanley B&D Plans to Shed 30% of Plants in Cost Savings, Reports 2Q Results Read More »
Envoy Solutions Acquires Sunbelt Packaging
The acquisition will allow Envoy Solutions to continue to grow in the Southeast U.S. region, the company said.
Envoy Solutions Acquires Sunbelt Packaging Read More »
Winsupply to Start Delivering Products by Drone
The company plans to make its first-ever drone delivery on Aug. 9, on a three-mile flight from one facility to another.
Winsupply to Start Delivering Products by Drone Read More »
2Q M&A Report: Robust Activity Despite Signs of Pending Slowdown
Following a relatively slow 1Q, distribution M&A increased in the April-June period, ending 2Q with one of the biggest months in deal volume over the past two years.
2Q M&A Report: Robust Activity Despite Signs of Pending Slowdown Read More »
Survey: Are Distributors Adjusting Inventory Amid Economic Uncertainty?
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Survey: Are Distributors Adjusting Inventory Amid Economic Uncertainty? Read More »
OTC Opens New DIRECTAIR Location
The company says the facility, located in Cincinnati, Ohio, will increase the company’s capacity by about 200%.
OTC Opens New DIRECTAIR Location Read More »
Census Bureau: International Trade Down in June
The U.S. Census Bureau announced data for international trade, wholesale inventories and retail inventories advance for June 2022.
Census Bureau: International Trade Down in June Read More »
With KDG Boost, Motion 2Q Sales Jump 34.5%
For the second quarter of 2022, Genuine Parts Company reported record sales of $5.6 billion, a 17% increase over the same period a year ago.
With KDG Boost, Motion 2Q Sales Jump 34.5% Read More »
The Evolving Role of Associations and Buying Groups
MDM’s Mike Hockett and NetSuite’s Ranga Bodla discuss why distributor associations and buying groups are more important than ever and a new program aimed to provide them with additional resources.
The Evolving Role of Associations and Buying Groups Read More »
Milton Industries Acquires Casey Tools
Milton’s sixth acquisition in the past 30 months is a designer and manufacturer of the LTI Tools brand, according to the announcement.
Milton Industries Acquires Casey Tools Read More »
WernerCo. Announces Leadership Changes
The manufacturer/distributor says Don Freeman and Kevin Blossom have been promoted to president positions.
WernerCo. Announces Leadership Changes Read More »
Rivet|MRO Appoints Project Manager
Jon Bridge will join Rivet|MRO from Crescent Electric Supply, where he served as the 3M strategic accounts specialist.
Rivet|MRO Appoints Project Manager Read More »
Watsco 2Q Sales Top $2B
Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to last year’s $1.85 billion.
Watsco 2Q Sales Top $2B Read More »
Major Industrial Distributors Don’t Sound Too Concerned About a Downturn
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Major Industrial Distributors Don’t Sound Too Concerned About a Downturn Read More »
