Wesco International’s Strong Growth Continued in 1Q
While down somewhat from its 4Q22 figures, Wesco posted more double-digit sales growth in 1Q despite harsh market headwinds.
Wesco International’s Strong Growth Continued in 1Q Read More »
May 2023
The Cost of Poor Inventory Management
Jon Byrd advises on the costs of various challenges standing in the way of distributors’ inventory strategies, and how to overcome them.
The Cost of Poor Inventory Management Read More »
Stanley B&D 1Q Sales Fall 12% on Lower Volume
The industrial tools manufacturer also announced a new leader for its Tools & Outdoor segment.
Stanley B&D 1Q Sales Fall 12% on Lower Volume Read More »
City Electric Supply Opened 13 New Branches in 1Q
Among the new locations are three in Texas, two in Tennessee, one in Puerto Rico and several across the Midwest.
City Electric Supply Opened 13 New Branches in 1Q Read More »
Fastenal April Daily Sales Up Despite Weak Nonres Construction
The company’s year-over-year daily sales growth accelerated after several months of decline, powered by sales to manufacturing customers.
Fastenal April Daily Sales Up Despite Weak Nonres Construction Read More »
Relevant Industrial Expands Valves Team
To lead the team, Relevant has appointed Steve Bernard as Vice President of Business Development.
Relevant Industrial Expands Valves Team Read More »
Earnings Roundup: Avnet, Timken, MSA Safety, ITW, BlueLinx
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Earnings Roundup: Avnet, Timken, MSA Safety, ITW, BlueLinx Read More »
March NonRes Construction Spending Up 0.7%
On a seasonally adjusted annualized basis, nonresidential spending totaled $997.1 billion for the month, according to ABC.
March NonRes Construction Spending Up 0.7% Read More »
Builders FirstSource 1Q Sales Decline 31.6%
The decline in sales was primarily driven by a weak housing market that has plagued the building materials and construction industries for the past year.
Builders FirstSource 1Q Sales Decline 31.6% Read More »
Fed Enacts Another Quarter-Point Rate Hike
The central bank lifted rates by a quarter of a percentage point but indicated it may pause further increases.
Fed Enacts Another Quarter-Point Rate Hike Read More »
AFC Industries Acquires Rubber Sealing Distributor EAP Int’l
The distributor of rubber sealing products, O-rings, gaskets and associated technical products marks AFC’s fourth acquisition in 2023.
AFC Industries Acquires Rubber Sealing Distributor EAP Int’l Read More »
DuPont to Acquire Spectrum Plastics for $1.75B
The acquisition is expected to close in 2023’s third quarter.
DuPont to Acquire Spectrum Plastics for $1.75B Read More »
Singer Industrial Acquires Hotsy Industrial Systems
The deal will increase Singer Industrial’s North American presence to roughly 85-plus locations with over 1,000 employees.
Singer Industrial Acquires Hotsy Industrial Systems Read More »
Danfoss Power Solutions Names 2 New Executives
Smulski and Hill both have previous experience as sales leaders with Danfoss.
Danfoss Power Solutions Names 2 New Executives Read More »
ABC: Construction Job Openings Dropped by 63K in March
The construction industry had 341,000 job openings in March, according to an Associated Builders and Contractors analysis of federal data.
ABC: Construction Job Openings Dropped by 63K in March Read More »
Daikin Applied Acquires Carroll Air Systems
Daikin Applied’s regional service operations will combine with the Carroll Air Systems service team, according to a news release.
Daikin Applied Acquires Carroll Air Systems Read More »
Encore Gas & Supply Opens New SoCal HQ
The new campus, located in Long Beach, includes an 1,800-square-foot showroom and a 20,000-square-foot warehouse.
Encore Gas & Supply Opens New SoCal HQ Read More »
Global Industrial 1Q Sales Drop 5% YoY
The company reported 1Q 2023 gross profit of $98.4 million, down from the $107.8 million reported during the same quarter in 2022.
Global Industrial 1Q Sales Drop 5% YoY Read More »
AI in the Field: The Secret to Success in Outside Sales
Proton.ai founder and CEO Benj Cohen discusses how artificial intelligence can help outside sales representatives engage with customers more effectively.
AI in the Field: The Secret to Success in Outside Sales Read More »
Fluid System Components Acquires Norcan Fluid Power
Norcan is a distributor of fluid power and pneumatic products with eight locations across western Canada.
Fluid System Components Acquires Norcan Fluid Power Read More »
