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In The News:

Breaking News in Wholesale Distribution

Machine Tool Consumption up 13.5% in February

February U.S. machine tool consumption, at $242.10 million, was up 13.5% from January and up 37.9% from $175.52 million reported for February 2004, according to the Association For Manufacturing Technology and the American Machine Tool ...
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Grainger Reports Q1 Results

W.W. Grainger,Chicago, IL, reported sales were $1.3 billion for the first quarter ended Mar. 31, 2005, up 9 percent over the prior year's first quarter. Net earnings were up 16 percent to $72.8 million. Sales ...
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The Timken Company Reports First Quarter Results

The Timken Company reported sales of $1.3 billion in the first quarter of 2005, up 19 percent from a year ago, driven by strong industrial demand. Timken had record net income of $58.2 million compared ...
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Eaton Reports First Quarter Results

Eaton Corporation,Cleveland, OH, announced sales in the first quarter of 2005 were $2.65 billion, 19 percent above the same period in 2004. Net income was $187 million, compared to $134 million in the first quarter ...
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SKF Strengthens China Presence

SKF says it will strengthen its manufacturing capacity inChina to respond to growing demand from the domestic Chinese market, as well as to support markets outside China. A new wholly owned subsidiary, SKF (Dalian) Bearings ...
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Ferguson to Buy Kennametal's Integrated Supply Unit

In a move that shifts the competitive landscape for the integrated supply market inNorth America, plumbing/PVF distributor Ferguson Enterprises is buying Kennametal's integrated supply business, Full Service Supply, for $41 million. FSS reported 2004 revenues ...
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Parker Hannifin Enters Joint Venture With Tejing Hydraulics

Parker Hannifin Corporation,Cleveland, OH, has entered into a joint venture agreement with Tianjin Tejing Hydraulics Company, LTD, to produce hydraulic components and systems in China. Parker will be the major partner in the new venture ...
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Kaman Reports Strong 2004 Financials

Kaman Corporation,Broomfield, CT, reported sales in 2004 for the Industrial Distribution segment were a record $581.8 million, including $28.3 million from a fourth quarter 2003 acquisition, up 17% compared to $497.9 million, including $6.5 million ...
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January Machine Tools Up 20% Year to Year

January U.S. machine tool consumption totaled $217.03 million, down 29.1% from December but up 20.8% from the total of $179.62 million reported for January 2004, according to statistics by the American Machine Tool Distributors' Association ...
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Hughes Supply Sees Blistering Q4 Growth

Hughes Supply,Orlando, FL, a distributor of construction, repair and maintenance- related products, reported revenues for the fourth quarter ended Jan. 31, 2005 were $1.12 billion, an increase of 41% from $796 million in the previous ...
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