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Breaking News in Wholesale Distribution

Kaman Industrial Technologies Q4 report

Kaman Corp., Bloomfield, CT, reported fourth quarter and year end December 31, 2001 financial results for its industrial segment, Kaman Industrial Technologies.Industrial Distribution operating profits were $13.2 million in 2001, compared to $22.9 million in ...
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Grainger annual sales down 4%

W.W. Grainger, Chicago, IL, reported sales for the year ended Dec. 31, 2001 decreased 4 percent to $4.8 billion versus $5.0 billion in 2000. Net earnings for the year were down 9.5 percent to $174.5 ...
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C.H. Hanson acquires Ercon

The C.H. Hanson Company, Franklin Park, IL, has acquired Ercon Inc., Ramsey, NJ, a manufacturer of layout tools under the ASquareᆴ brand name. The transaction was completed on Jan. 16, 2002. The ASquare layout tool ...
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Black & Decker Q4 financials

The Black & Decker Corporation, Towson, MD, announced that net earnings for the fourth quarter of 2001, excluding a $99.8 million pre-tax restructuring charge, were $57.6 million. Including the restructuring charge ($70.6 million after tax), ...
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ITW Q4 report

Illinois Tool Works Inc., Glenview, IL, reported that 2001 fourth quarter diluted earnings per share decreased 6 percent versus the prior year period due to continued weakness in many of the company's North American and ...
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Stanley Works' sales growth constrained by weak U.S. industrial economy

The Stanley Works, New Britain, CT, announced that fourth quarter net income, excluding restructuring and special charges, was $50 million, or $.57 per diluted share, matching First Call's consensus of analyst estimates. In the same ...
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Airgas reports 13% EPS growth for Q3

Airgas, Inc., Radnor, PA, reported increased earnings for its third quarter ended December 31, 2001. Net earnings were $11.8 million compared to $9.9 million in the same period a year ago, on a pro forma ...
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Cooper Industries Q4 results

Cooper's fourth-quarter 2001 revenues were $989.6 million, compared with 2000 fourth-quarter revenues of $1.11 billion. Fourth-quarter operating earnings before nonrecurring charges were $105.6 million in 2001, compared with $164.1 million for the same period in ...
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Profile Systems appoints Edward Mallen new president/ CEO

Profile Systems, West Springfield, MA, a privately held developer of product data and supply chain management solutions, has selected Edward Mallen to serve as its new president and CEO. Mr. Mallen has over twenty years ...
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Timken reports net loss in 2001

The Timken Company reported that the deepening U.S. economic recession resulted in a 9 percent drop in sales in the fourth quarter, which impacted operating profits and contributed to a net loss in 2001.Sales for ...
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