Advance Estimate: 1Q GDP Decelerates to 1.1% Growth
GDP growth decelerated in 1Q due to a downturn in private inventory investment and a slowdown in nonresidential fixed investment, according to the Bureau of Economic Analysis.
April 27, 2023
Earnings Roundup: Saint-Gobain, TriMas, Pentair, Schneider
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Columbus McKinnon Acquires Automation Company montratec
Montratec designs and develops automation and transport systems for interlinking industrial production and logistics processes.
SKF Posts 15.7% Sales Growth in 1Q
The increase reflected organic sales growth of 10.1% for the Swedish bearings manufacturer.
Make Procurement Strategic (Again)
Material resource planning has sufficed in distribution for decades, but it's time to invest in technology that will further improve procurement strategies.
Rockwell Automation Grew Sales 25.8% in Fiscal 2Q
The industrial automation manufacturer saw explosive sales growth in 2Q compared to 1Q.
Applied Industrial Fiscal 3Q Sales Jump 15% to $1.1B
The change includes a 0.7% increase from acquisitions, offset by a negative 0.3% impact from foreign currency translation.
Grainger Posts $4.1B in 1Q Sales
After a strong finish to 2022, Grainger maintained that momentum in 2023’s first quarter, according to its latest earnings report.
