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In The News:

Breaking News in Wholesale Distribution

Strategic Distribution Q2 sales down, profit up

Strategic Distribution, Inc., Bensalem, PA, reported revenues for the second quarter of 2003 ended June 30, 2003 were $37.4 million, as compared to revenues of $92.6 million and $40.7 million reported for the second quarter ...
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New orders for June up 1.7%

New orders for manufactured goods in June increased $5.5 billion or 1.7 percent to $326.0 billion, the Department of Commerce, Census Bureau reported. This followed a 0.3 percent May increase. Year to date, new orders ...
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July Manufacturing ISM Report On Business

Economic activity in the manufacturing sector grew in July, while the overall economy grew for the 21st consecutive month, say the nation's supply executives in the latest Manufacturing ISM Report On Businessᆴ.The report was issued ...
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IDG Q2 revenues down 5%

Industrial Distribution Group, Inc. reported second quarter 2003 revenues were $121.1 million compared to $127.4 million for the comparable period in 2002. The company continued to increase its FPS sales and implement new FPS sites ...
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Kennametal Q4 sales up 15%

Kennametal Inc., Latrobe, PA, reported fiscal 2003 fourth quarter sales of $463.8 million, 15 percent above prior year, driven by the Widia acquisition. Free operating cash flow was $55 million versus $43 million in fiscal ...
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Lawson Q2 sales down

Lawson Products, Inc., Des Plaines, IL, reported second quarter 2003 net sales of $97.1 million, a decrease of 2.8% from second quarter 2002 net sales of $99.9 million. Net sales for the six-month period ended ...
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Timken and NSK form global needle bearing alliance

The Timken Company, Canton, OH, and NSK Ltd. have reached an agreement to jointly serve certain Japan-based auto manufacturers and their principal suppliers with engineering solutions based on needle bearings and related services.Project teams comprised ...
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Stanley Works Q2 financials

The Stanley Works, New Britain, CT, announced that second quarter 2003 net income was $12 million compared with $63 million last year, and within the range of company estimates of 10-40 cents provided May 8.This ...
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Columbus McKinnon's Q1 sales drop 6%

Columbus McKinnon's fiscal 2004 first quarter consolidated net sales were $106.6 million, compared with $113.9 million a year ago, a decrease of 6.4%. Income from operations after restructuring charges and amortization was $7.3 million for ...
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Grainger Q2 sales down 2%

Grainger, Chicago, IL, reported lower sales but higher earnings for the second quarter ended Jun. 30, 2003. Net earnings were $56.0 million, an increase of 3 percent versus the prior year, and earnings per share ...
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