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In The News:

Breaking News in Wholesale Distribution

The Goods and Services Deficit Decreased in June

Year-to-date, the goods and services deficit increased 7.9% from the same period in 2018.
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McKesson Sales Up 6% in the First Quarter of 2020

Profit for the quarter was $477 million compared to a loss of $80 million in 2019.
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AmericsourceBergen Sales Up 4.9% in 3Q

For the first nine months, sales were $133.9 billion, up 7.5% year-over-year.
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TimkenSteel’s Sales Down 18.6% in 2Q

Manufacturer reports a loss of $4.4 million for the quarter.
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Manufacturing Sector Expanded in July

The July PMI registered 51.2%, a decrease of 0.5% from the June reading of 51.7%.
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AD Member Sales Up 15% in First Half of 2019

Member sales, across 12 AD divisions in 9 industries, totaling $23 billion through the first six months of the year.
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WESCO’s Q2 Sales Up 2.2%

Organic sales for the second quarter of 2019 grew by 1.9%.
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Hillenbrand Sales Grow 2% in Third Quarter

In July, the company agreed to acquire privately held Coperion Capital GmbH.
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Kaman Distribution Down 2.2% in 2Q

The company announced the sale of its distribution segment during the second quarter.
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Watsco Agrees to Acquire Peirce-Phelps

Peirce-Phelps will operate as a separate business of Carrier Enterprise, a joint venture between Watsco and Carrier Corp.
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