Ingersoll Rand Reports ‘Record’ 2022 Financial Results
The industrial manufacturer’s impressive October-December period followed a likewise record-breaking third quarter.
Ingersoll Rand Reports ‘Record’ 2022 Financial Results Read More »
February 2023
Global Industrial 4Q Sales Drop, Total-Year Sales Rise
The company said 4Q sales were $260.5 million — down 0.6% from the same quarter in 2021 — while total-year sales increased 9.7%.
Global Industrial 4Q Sales Drop, Total-Year Sales Rise Read More »
Amazon to Have Corporate Staff Return to Office 3 Days Per Week
The company plans to implement the new change beginning May 1, more than three years after many staff members began working remotely.
Amazon to Have Corporate Staff Return to Office 3 Days Per Week Read More »
First Stage of PTDA Foundation Campaign Raises Nearly $125K
The campaign supports power transmission/motion control industry employers to be more successful in their recruitment and retention efforts.
First Stage of PTDA Foundation Campaign Raises Nearly $125K Read More »
Home Depot to Raise Worker Pay as 2022 Profit Tops $17B
Sales for 4Q 2022 were $35.8 billion, an increase of $112 million (or 0.3%) from the same quarter a year before.
Home Depot to Raise Worker Pay as 2022 Profit Tops $17B Read More »
JELD-WEN’s Revenue Increases 7.5% in 2022
JELD-WEN’s revenue in its North America segment increased 15.2% in 2022.
JELD-WEN’s Revenue Increases 7.5% in 2022 Read More »
What Distributors Can Learn from How Meta Uses AI
Distributors aren’t looking to create an avatar in the metaverse, but they can ride the AI wave in other advantageous ways.
What Distributors Can Learn from How Meta Uses AI Read More »
Behind the Deal: Field Fastener’s Merger with Mid-State Bolt & Nut
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Behind the Deal: Field Fastener’s Merger with Mid-State Bolt & Nut Read More »
World Distribution Services Opens Tacoma DC
The grand opening of its new 300,000-square-foot Tacoma warehouse and distribution center was held Feb. 1.
World Distribution Services Opens Tacoma DC Read More »
PPI Sees Biggest Increase Since June
Year-to-year food prices abated to 11.6%, which is historically high but also the lowest annual increase since October 2021.
PPI Sees Biggest Increase Since June Read More »
Digi-Key Leads Distributors on Forbes’ Best Employers Lists
A half-dozen distributors made Forbes’ 2023 lists for Best Midsize and Large Employers, including a few on MDM’s Top Distributors lists.
Digi-Key Leads Distributors on Forbes’ Best Employers Lists Read More »
Earnings Roundup: Pool Corp, US Foods and MSA Safety
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Earnings Roundup: Pool Corp, US Foods and MSA Safety Read More »
Schaedler Yesco Completes Acquisition of YESCO Electrical
Schaedler Yesco now operates a total of 27 locations following the acquisition.
Schaedler Yesco Completes Acquisition of YESCO Electrical Read More »
Seco Tools Acquires Premier Machine Tools in Ireland
With the acquisition, Seco says it will increase its presence in the medical segment offering integrated manufacturing solutions.
Seco Tools Acquires Premier Machine Tools in Ireland Read More »
Linking Cost to Serve to Your Incentive Program
Lincoln Smith discusses how incentive programs can help lower your cost to serve amid a nationwide labor shortage.
Linking Cost to Serve to Your Incentive Program Read More »
Rexel’s 4Q North America Sales Up 10.2% YoY
Rexel’s full-year sales benefited from the company’s acquisitions of Mayer and Horizon Solutions.
Rexel’s 4Q North America Sales Up 10.2% YoY Read More »
Solve Industrial Motion Acquires SPB-USA in Florida
FSPB-USA offers EZO high precision miniature, thin section and radial ball bearings used in a wide variety of applications.
Solve Industrial Motion Acquires SPB-USA in Florida Read More »
U.S. Cutting Tool Orders Increased 10.8% in 2022
December 2022 cutting tool consumption totaled $188.4 million, according to the U.S. Cutting Tool Institute and The Association For Manufacturing Technology.
U.S. Cutting Tool Orders Increased 10.8% in 2022 Read More »
Turtle & Hughes Expands in Texas with New Austin Hub
The 40,000-square-foot facility is designed to deliver energy-efficient solutions to the region’s ‘thriving’ technology sector.
Turtle & Hughes Expands in Texas with New Austin Hub Read More »
NOW Inc. Reports $547 Million in 4Q Revenue
For all of 2022, the company reported $2.13 billion in revenue, according to NOW Inc.’s 4Q 2022 earnings announcement.
NOW Inc. Reports $547 Million in 4Q Revenue Read More »
