NOW Inc. 3Q Sales Slow to 2% Growth
The company's 1.9% YoY growth in the third quarter was a significant slowdown from 2Q’s 10.2% growth.
November 2, 2023
Private Branding and the Virtuous Cycle
Private branding is a lucrative profit opportunity for many distributors, but success isn't guaranteed. Steve Gettleman outlines five steps that can create a sustainable cycle of private brand growth.
Beacon Acquires H&H Roofing, Posts 3Q Results
Beacon has expanded its branch footprint through nine acquisitions and the opening of 19 new greenfield locations this year.
Financials: Kennametal, Ingersoll Rand, Timken, Parker & More
It's another big week for industrial manufacturer's financial reports. We recap the key figures for seven of them here.
NEFCO Acquires Edge Construction Supply in Spokane
The acquisition of Spokane, Washington-based Edge Construction Supply furthers NEFCO's expansion to the West Coast with nine new locations.
Singer Industrial Adds Hotsy Equipment’s CO & WY Unit
Singer Industrial joined forces with Hotsy Equipment of Colorado and Wyoming headquartered in Greeley, Colorado.
Purvis Expands in Ohio, Acquires Torque Drives
Power transmission distributor Purvis Industries acquired Torque Drives, an industrial distributor of power transmission components and more.
Hisco Drives DSG’s Major 3Q Gains; Organic Slides
The distributor's $269 million acquistion of Hisco this spring figures to drive big year-over-year gains through the first half of 2024.
Wesco 3Q Sales up 3.6%, Lowers Outlook as Margins Dip
WESCO saw year-over-year growth in its CSS and UBS units, while its largest unit — EES — declined.
MCE Completes 6th & 7th Acquisitions of 2023
MCE acquired Georgia-based motor control and drive distributor Applied Industrial Controls and systems integrator Engineered Systems Group.
